HYIP Investment

| Total Words: 519

Some people spend their whole life struggling to earn enough money, so that when they are old, they can retire to a lovely destination and enjoy the remaining of their life. Today’s baby boomers are planning for retirement at younger ages than previous generations ever did. Many of us plan to travel from our homes each year, in search of beautiful spots, when we will retire. Whether it is by the water, in the mountains or near the desert, we will need money to pay for our vacations.

A solution would be to simply deposit a part of our income at some bank. But the truth is that banks had and will always have a really low interest rate. Some of us may feel very unsatisfied by this state of things. That is why I have to say that I am really happy High Yield Investment Programs (or simply HYIPs) were invented.

HYIPs typically claim to offer interest rates of 1% or more per day on invested funds; some claim to offer much higher daily rates exceeding 200% a day. Allegedly, the highest-return HYIP on record has offered 1,100% ROI in one day. Still, I would recommend for diversity, instead of subscribing to programs with such big interest rates. HYIP’s are...

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