Yearprofit.com is a HYIP website. It has some very interesting statistics on the yearprofit.com front page that cover the amount of money that is currently invested into the program.

In case you do not already know what an HYIP is, HYIP stands for “High Yield Investment Program”. This type of investment is a derivative of the classic pyramid scheme. Money is only made for the first people to sign up and invest. All of the other people will most likely lose their entire investment. Yearprofit.com is a classic example of a website that will make money for few and take money from the rest. These types of websites never tell you how you will make 50% or 100% interest per day. They make unsupported claims and try to convince you to make the initial investment, because they know that once you lose money, you will never invest again.

HYIPs are not a good way of making money online. They are NOT insured and are rarely tracked by any government institutions. Your best bet is not never get involved with an HYIP, however if you do decide to try one out, you should do your research and find one that has been in operation for no less than one year. Find one that will pay you small amounts of interest each day, which is more feasably legitimate than one that will give you 25% per day…

Friday, September 5th, 2008 at 9:44 pm filed under General. RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.