Hi! I believe the title must have caught you off guard today because I am actually NOT writing an article on How to start an actual HYIP (sorry to disappoint those who thought I was). Instead, I'm talking about How to start your HYIP investment journey. Sorry for the misleading title -- I just thought it would attract more attention this way :)
First of all, a good way to start would be to get a payment processor. There are currently several options, but I would recommend either AlertPay or LibertyReserve. For more reading, check out How To Win In HYIP With Payment Processors.
The sign-up process is fairly easy for any of the payment processors that you choose, but I would use different passwords and email addresses for each of the payment processors that you use (different from the email addresses and passwords you use for the HYIPs that you join) for the following reason:
Security
- for one, admins have knowledge of the password and email address you use for the HYIP that you join. Therefore, if you use the same email address and password, that'll be like graciously inviting the admin to take your money away from you.
After signing up for a payment processor, start to research the HYIPs that you'd like to join on forums, blogs and monitors. Some forums that I frequent quite often myself are TalkGold, MoneyMakerGroup and DreamTeamMoney. These are good resources because you can see actual feedback from actual investors, although there are quite a few paid voters as well. It takes some time to sift through all those posts, but I'll prepare a post on how to differentiate between paid posts and real, actual posts soon.
In the event that you find out certain HYIPs only accept e-currencies that you don't currently own, it's the time to exchange funds. Don't be surprised to find that there are numerous scam exchangers in the field today -- just a basic google search on "AlertPay exchanger" will return tens, if not hundreds, of unverified exchangers. Please note that it is against AlertPay's Terms and Conditions to exchange funds without verification from AlertPay. Read more about this on Where To Exchange E-Currencies. Generally though, verified exchangers, no matter whether it's LibertyReserve or AlertPay, should have Verified seals on their page. So a rule of thumb is to always check whether the seals are present on the sites.
That's it for today's Part I of How To Start Your HYIP Journey. Tune in soon for the second part! :)
Thursday, February 17, 2011
Friday, February 11, 2011
11 Feb 2011 - West-Wood Is A Goner
Despite the fact that the admin announced that their "traders account" was blocked, he didn't mention any specific details about the program's cashflow. A little suspicious as the admin hasn't been contacting the members after that incident.
I guess that just shows that West-Wood is gone.
Please do not invest there any longer guys!
Now that SynergyMoney is officially closed, what's next? Well, if you're still in the red, you should probably wait until February 23rd when Ivan, allegedly, will start the first rounds of refunds. He claims that he will do it in biweekly terms. However, if your loss is below $10, he will look into that and process it as quickly as he can.
For a program that has been solidly managed for 3 months, can we say that he did a good job? Or looking at the site's potential, it could've gone further?
In my view, SynergyMoney did whatever it could, but there's just some missing ingredient that separates SynergyMoney from the likes of CherryShares. It's not the plans, because both SynerygyMoney and CS offered sustainable and well-planned payouts. It's not the scripts too, because both sites used customized scripts.
So what is it?
I would say the entire site presentation just didn't deliver the vibe. I mean, let's look at the front page:
Front Page
For real? A Buddha on the front page? I mean no offense for Buddhists, but I've never associated investments with religion because in my opinion, we are dependent on ourselves to make things happen.
Sorry to have digressed, but that's just my own observation. I really liked the admin's passion and enthusiasm, however, as we could always find him on the forums, chatting with members and really having a good time serving them. Perhaps if that spirit found its way to other investors, it could've made a huge difference.
That's it for today guys, I'll see you guys soon! :)
Wednesday, February 9, 2011
9 Feb 2010 - SynergyMoney is Closed
Hi guys! Unfortunately, I have to bear the gloomy news today. Despite a strong performance for the first 3 months, SynergyMoney has been experiencing a slow growth during the last few weeks, and the admin has finally decided that the damage is done, and the site will be closed down soon.
If you haven't noticed yet, the deposit and withdrawal buttons have been disabled. But please do not panic just yet because the admin promises to process refunds for those who are still not in profit.
Despite the fact that the admin, Ivan has promised refunds, I think it is self-evident that refunds will only be processed for those who are still not in profit. For those who are already in the black, be grateful that you are more fortunate than some who have just joined. If you've recently invested (within the last day or so), your deposit will be returned right back into your account.
With regards to this closure, is there something to be learned?
I think the admin, Ivan has done all he could to promote and to sustain SynergyMoney. However, with a lack of advertising budget, which we can clearly see from SynergyMoney's low profile in the industry, a program simply cannot outlast the other programs with a budget the size of Bill Gates' wallet.
In many respects, however, Ivan has done many things right. For example, the payment processors accepted were only open to AlertPay, LibertyReserve and PerfectMoney. And the fact that he didn't splurge on advertising shows that this could be a double-edged sword: one, it could prolong a program's longevity, given that members are actually spreading the good word about the program, or two, it could end a program prematurely because it is not getting the exposure it rightly deserves.
Nevertheless, the program's over, and I have to say that Ivan is a very reliable person who stuck to his word right through till the end. Time will tell if he will rise again, but for now, let's hope that everyone who is still in red will get his/her principal back.
Here's the newsletter:
That's all for today's news.. I'll be back with some minor updates soon :)
If you haven't noticed yet, the deposit and withdrawal buttons have been disabled. But please do not panic just yet because the admin promises to process refunds for those who are still not in profit.
Despite the fact that the admin, Ivan has promised refunds, I think it is self-evident that refunds will only be processed for those who are still not in profit. For those who are already in the black, be grateful that you are more fortunate than some who have just joined. If you've recently invested (within the last day or so), your deposit will be returned right back into your account.
With regards to this closure, is there something to be learned?
I think the admin, Ivan has done all he could to promote and to sustain SynergyMoney. However, with a lack of advertising budget, which we can clearly see from SynergyMoney's low profile in the industry, a program simply cannot outlast the other programs with a budget the size of Bill Gates' wallet.
In many respects, however, Ivan has done many things right. For example, the payment processors accepted were only open to AlertPay, LibertyReserve and PerfectMoney. And the fact that he didn't splurge on advertising shows that this could be a double-edged sword: one, it could prolong a program's longevity, given that members are actually spreading the good word about the program, or two, it could end a program prematurely because it is not getting the exposure it rightly deserves.
Nevertheless, the program's over, and I have to say that Ivan is a very reliable person who stuck to his word right through till the end. Time will tell if he will rise again, but for now, let's hope that everyone who is still in red will get his/her principal back.
Here's the newsletter:
Dear all,
This is an important update so please take the time to read it carefully. Given the
recent circumstances in respect to the inflow of funds coming in to the Synergy
Money payment accounts we have to implement some immediate actions. Let me
first say that I will work out a solution that serves best the interest of the
members of Synergy Money.
**What lead to this situation**
The big ROI (considering the 25% return of the serial plan) and the slow growth
during our 3th month. We raised bigger deposits during our 3th month from our
old members who were increasing their accounts regularly but the new members
joining were more reluctant to deposit new money in the program. This is simply
a natural cause and it is better to take actions before the imminent end.
**What is next**
First step will be to disable all deposits and cashouts from the program. Also the
deposits that were made this week will be refunded in full.
Right now I have a list of all the members and how much they have made or did
not make from the program. I will zero out the accounts which gained profit. You
can see if you are in profit or not by the ROI calculation on the home page of your
back office (Wallet funding – Wallet cashouts).
The accounts which are still owed will be refunded to the point of breaking even
their investment amount. In the case of potential opportunity to generate profit on
the top of your principal amount, I will definitely take it under consideration and
pay deserved bonuses to those members. The amount will depend on the success
rate and how the process of those opportunities has performed.
**A matter of consideration**
The whole process might take some time. That is why I am going to refund
specific amounts on biweekly terms. The first refund round will start on 23th of
February. However, investors with losses under $10 will be refunded faster.
Each refund week I will be crediting your account with the appropriate interest on
the difference amount (Wallet funding – Wallet cahsout) and it will be announced
to you via email and published on our News section. I cannot give you an estimate
or a number of how much that would be.
Then, you will be able to request a withdrawal to your payment processor. The
minimum to withdraw will be $1. Your accounts will be reflected with the
difference amount of your invested money and your withdrawals.
I will be keeping you updated on regular bases. I am not going anywhere and the
site will stay online for as long as it takes.
Ivan
That's all for today's news.. I'll be back with some minor updates soon :)
Monday, February 7, 2011
7 Feb 2011 - Wazzup: SynergyMoney
Hi guys! Sorry for the lack of posts for the last few days. If it makes you feel any better, the sites that I'm currently monitoring are still paying on time, and there's nothing to worry about :)
Here's some news from SynergyMoney regarding their situation with LR and PM:
If anyone of you noticed recently, SynergyMoney has already disabled the funding option via LR and PM because cashflow via those two payment processors have generally been slow. While the admin admits that closing those two funding options would be the best choice for now, he will honor those who invested via those 2 processors up until they receive 120% of their principal in return.
Note that the Serial plan has been re-introduced as the only plan available, and the minimum to deposit is only $30. The admin, Ivan admits that this has helped to encourage new deposits from members, who've been shunning away from this plan because of the minimum deposit required.
Does this mean the site is going down? I'm not sure, but so far, SynergyMoney has been one of the most promising and honest sites I've ever encountered. Ivan does not compromise self-referrals, and the sort of shady business that have plagued numerous other HYIPs. If he keeps up his integrity, and works hard towards providing a fair game for his investors, I have high hopes for SynergyMoney.
Here's the newsletter:
That's all for today folks! I'll see you soon! :)
Here's some news from SynergyMoney regarding their situation with LR and PM:
If anyone of you noticed recently, SynergyMoney has already disabled the funding option via LR and PM because cashflow via those two payment processors have generally been slow. While the admin admits that closing those two funding options would be the best choice for now, he will honor those who invested via those 2 processors up until they receive 120% of their principal in return.
Note that the Serial plan has been re-introduced as the only plan available, and the minimum to deposit is only $30. The admin, Ivan admits that this has helped to encourage new deposits from members, who've been shunning away from this plan because of the minimum deposit required.
Does this mean the site is going down? I'm not sure, but so far, SynergyMoney has been one of the most promising and honest sites I've ever encountered. Ivan does not compromise self-referrals, and the sort of shady business that have plagued numerous other HYIPs. If he keeps up his integrity, and works hard towards providing a fair game for his investors, I have high hopes for SynergyMoney.
Here's the newsletter:
Dear killz23,
First I would like to apologize for disabling the withdrawal option for LR and PM
and also for not being able to see your deposits and earnings in those processors
yesterday. This was due to a technical error on my end. Now the issue has been
fixed and you are able to see your active deposits and earnings in both of these
processors. Please check if you have missed earnings to your account.
**Liberty Reserve**
As you already know Liberty Reserve and Perfect Money has been disabled as
funding options due to less demand. All current LR and PM deposits will continue
to earn interest until they reach a Return on Investment of 120% and the
members who are already in profit will cease to receive earnings on deposits
made through those processors. If you have any issues with your LR deposit
please send a support ticket or come to the chat found on the support page. I will
glad to help you out and answer your any questions.
**The Serial plan change**
Two days after the lowering of the investment minimum to the Serial plan to $30,
we noticed a significant inflow of new deposits to Synergy Money. I am happy
that this decision is benefiting not only more new investors but also Synergy
Money as an entity. The investment page banner and other pages are being
reflected accordingly as we speak. Also, soon you will see our improved
advertisement banners emphasizing our unique selling point - The Serial Plan.
**3th Month anniversary**
In 4 days we will be celebrating our 3th month anniversary being online. This
date also marks the first expires of the Basic I plan. Without the help of the loyal
members of Synergy Money this would have never been possible. Thank you for
the continued support and given trust in the program. Expect a congratulating
update for that occasion. With those 3 points I would like to end up today's
update.
Thank you for reading and I wish you have a nice day/evening.Thank you
for the team spirit and synergistic efforts,
Ivan
--
Spending some time to promote your referral (affiliate)
URL (http://www.synergymoney.net/?ref=killz23) will enable you to make 8%
extra from referring. This would be of great benefit for you and all members.
This message was sent from an email address that does not accept incoming
e-mail.
Please do not reply to this message. If you have any questions, please visit:
http://www.synergymoney.net/index.php?site=contact
That's all for today folks! I'll see you soon! :)
Thursday, February 3, 2011
3 February 2011 - Wazzup: Updates
Hi guys! Here's some updates on my program portfolio:
GSVReloaded has been down for the last few days with no news whatsoever from the admin. This apparently shows that the program's down and out for good. While the program lasted, it proved to be quite a successful game. It paid 10% daily for 15 days for several cycles, those who joined early made their profit, and again, the last ones to join where the unfortunate ones to bear the brunt. Please do not invest there any longer guys!
Unfortunately, ColorfulProfit is a confirmed scam now. There has been no communication, or at least attempted effort to communicate, from the admin during the last few days. As far as I'm concerned, for those who invested via AlertPay, it could be a good time to request for a chargeback right now. A dirty scam such as Colorfulprofit just makes things worse in the industry for everyone. Let's hope that these scams will stop infesting this industry, and good programs will come back again.
WestWood, another short/mid-term program that's currently being monitored on my blog, has recently added AlertPay. If you've looked at the program, you'll notice there's a lot of visual candy there. Well, personally, I'm not a big fan of those effects simply because they do not render properly on my browser. Nonetheless, I'm sure many investors will find the visual candies as more of a welcome than an innovation in the industry :) I plan to review the program soon, and let's see how this one goes :)
SynergyMoney has recently encountered a shortage in LibertyReserve funds, which warrants a newsletter from the admin announcing the situation. He clarifies, straight and whole-heartedly, that the site itself has sufficient funds in other payment processors, but the LibertyReserve funds are fast depleting. He suggests two solutions: 1) allow more time for him to complete payments 2) close the payment option and let the current deposits run their course. If you have any suggestions, please send him an email on the site's Contact page, or you can reach him by posting on SynergyMoney's official MoneyMakerGroup thread. In addition, there will be a change in payment plans offered. As of this writing, there are currently two plans offered under Serial: Advanced and Premium. However, the admin has decided to drop one of the two, and only keep the Premium plan to keep things simple for investors. The minimum deposit will start from $30 and the maximum will be $3000. I believe this is a healthy and smart decision, while maintaining that leeway for investors who wish to earn more to make some nice income.
Here's the newsletter:
That's it for tonight folks! See you tomorrow! :)
GSVReloaded has been down for the last few days with no news whatsoever from the admin. This apparently shows that the program's down and out for good. While the program lasted, it proved to be quite a successful game. It paid 10% daily for 15 days for several cycles, those who joined early made their profit, and again, the last ones to join where the unfortunate ones to bear the brunt. Please do not invest there any longer guys!
Unfortunately, ColorfulProfit is a confirmed scam now. There has been no communication, or at least attempted effort to communicate, from the admin during the last few days. As far as I'm concerned, for those who invested via AlertPay, it could be a good time to request for a chargeback right now. A dirty scam such as Colorfulprofit just makes things worse in the industry for everyone. Let's hope that these scams will stop infesting this industry, and good programs will come back again.
WestWood, another short/mid-term program that's currently being monitored on my blog, has recently added AlertPay. If you've looked at the program, you'll notice there's a lot of visual candy there. Well, personally, I'm not a big fan of those effects simply because they do not render properly on my browser. Nonetheless, I'm sure many investors will find the visual candies as more of a welcome than an innovation in the industry :) I plan to review the program soon, and let's see how this one goes :)
SynergyMoney has recently encountered a shortage in LibertyReserve funds, which warrants a newsletter from the admin announcing the situation. He clarifies, straight and whole-heartedly, that the site itself has sufficient funds in other payment processors, but the LibertyReserve funds are fast depleting. He suggests two solutions: 1) allow more time for him to complete payments 2) close the payment option and let the current deposits run their course. If you have any suggestions, please send him an email on the site's Contact page, or you can reach him by posting on SynergyMoney's official MoneyMakerGroup thread. In addition, there will be a change in payment plans offered. As of this writing, there are currently two plans offered under Serial: Advanced and Premium. However, the admin has decided to drop one of the two, and only keep the Premium plan to keep things simple for investors. The minimum deposit will start from $30 and the maximum will be $3000. I believe this is a healthy and smart decision, while maintaining that leeway for investors who wish to earn more to make some nice income.
Here's the newsletter:
Dear killz23,
This newsletter contains some changes that I think will be helpful to most of you,
as well as to the program.
**Liberty Reserve**
Liberty Reserve is a processor of preference by many but at the same time it is
hard to acquire assets of this e-currency. That is the reason why people tend to
take good care of their acquired Liberty Reserve. There is nothing wrong with
that and it is simply the natural course of it. We have experienced a downtrend in
deposits via this processor which brings us to a point of decision making.
There are two outcomes that would take place. The first one is effective
immediately and that is time needed for processing Liberty Reserve withdrawals.
It will increase to 3 business days. This is due to the fact that I will need more
time to acquire certain levels of Liberty Reserve for payment execution.
Sometimes you might get paid earlier than that. The other outcome will take
place only if this downtrend continues and that is the deposits to this processor
will cease and all current active Liberty Reserve deposits will continue to run their
course and paid in full.
** Early Valentine's gift**
There has been confusion at times about the two Serial plans and how to keep
track of the requirement of having a Premium plan in place. I have decided to
make a change that will make it much easier on you.
From today there will be only one serial plan in effect and that will be the Serial
Advanced plan with minimum of $30 and maximum of $3000. That does not
affect any current deposits in the Premium serial plan and old Advanced plan.
**Stats and miscellanies**
Apart from everything else, Alert Pay and Solid Trust Pay deposits are doing just
fine. We have reached more than 45K in total deposits and we have 648
members in total. This was accomplished during our 83 days of operations.
Do not forget about our St. Valentines day contest which will run for 3 days
starting on the 12th of February and ending on the 14th. The 4 lucky winners
from the 3 day contest will be chosen on the 15th. Details about the contest will
be reminded to you days before the start.
Thank you for the continuous support and the wonderful testimonials published on
our testimonial page.
I wish you have a great day/night
Regards,
Ivan
That's it for tonight folks! See you tomorrow! :)
Tuesday, February 1, 2011
31 Jan 2011- Wazzup: Watch OUT!
Hmm.. After a day of posting the review on 12Daily, the site has unexpected stopped instant payouts. If I didn't know better, I would've assumed that the site was just undergoing regular maintenance.
However, against my better judgement, I reviewed the site under the impression that it was paying instantly and investors seemed happy with the performance. Nonetheless, the instant I published the review, the admin removed the ChatBox which was originally located in the investors' backoffice. This was a red sign that was aimed to stop investors from notifying each other of the pending payouts.
Nonetheless, my payouts for today have been moved to pending withdrawal, and I doubt that I will see that money back anytime soon. Therefore, I am placing the site On Hold, and let's give it another 24 hours to see whether 12Daily will come back.
In another separate case, SynergyMoney has processed 1/4 of my principal. Therefore, I'm about 50% away from recuperating, and judging from the way things are going, I suspect that this site has a long ways to go. Member support has been phenomenal, and the admin is fairly consistent in his daily posting at MoneyMakerGroup, which is the official forum. Does this mean a review is in the pipeline? You betcha! :)
Stay tuned to find out more!
While I would like to find a few more HYIPs that are worth joining right now, I simply can't muster enough of a list to put it out here. Do any of you have any sites you'd like to suggest? Why not send me an email or drop a comment at the bottom of this post, or on the right hand side bar? I'm sure many will appreciate the shared effort here.
Interestingly, ColorfulProfit, which has yet to make it past the 2nd cycle, is now placed on Waiting status on a few monitors, while the rest are still showing this program as Paying. While I usually try to give a site some time to recover, I think ColorfulProfit deserves no such treatment as it has been online for only 7 days, and there should not be any issues surfacing at such an early stage. Therefore, I'm moving this site to On Hold status as well, because I can't withdraw my LibertyReserve funds right now and I don't like that at all.
That's it for today folks! See you tomorrow and have a good day! :)
However, against my better judgement, I reviewed the site under the impression that it was paying instantly and investors seemed happy with the performance. Nonetheless, the instant I published the review, the admin removed the ChatBox which was originally located in the investors' backoffice. This was a red sign that was aimed to stop investors from notifying each other of the pending payouts.
Nonetheless, my payouts for today have been moved to pending withdrawal, and I doubt that I will see that money back anytime soon. Therefore, I am placing the site On Hold, and let's give it another 24 hours to see whether 12Daily will come back.
In another separate case, SynergyMoney has processed 1/4 of my principal. Therefore, I'm about 50% away from recuperating, and judging from the way things are going, I suspect that this site has a long ways to go. Member support has been phenomenal, and the admin is fairly consistent in his daily posting at MoneyMakerGroup, which is the official forum. Does this mean a review is in the pipeline? You betcha! :)
Stay tuned to find out more!
While I would like to find a few more HYIPs that are worth joining right now, I simply can't muster enough of a list to put it out here. Do any of you have any sites you'd like to suggest? Why not send me an email or drop a comment at the bottom of this post, or on the right hand side bar? I'm sure many will appreciate the shared effort here.
Interestingly, ColorfulProfit, which has yet to make it past the 2nd cycle, is now placed on Waiting status on a few monitors, while the rest are still showing this program as Paying. While I usually try to give a site some time to recover, I think ColorfulProfit deserves no such treatment as it has been online for only 7 days, and there should not be any issues surfacing at such an early stage. Therefore, I'm moving this site to On Hold status as well, because I can't withdraw my LibertyReserve funds right now and I don't like that at all.
That's it for today folks! See you tomorrow and have a good day! :)
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