Things to Remember Before Investing
Do Due Diligence. Research the program you want to invest in.
Spread your investments over multiple programs.
Always make minimum spends first to test the program before investing.
Get your investment back as soon as possible; do not use compounding until you get your initial deposit back.
Be prepared to lose. Learn from your mistakes. Never invest what you cannot afford to lose.
Submitted by: davejo99
October 18th, 2007 at 6:07 pm
Yes, this is pretty good advice for investing in relatively unknown programs. We could also add, “Watch out for ridiculous income claims made by HYIP sites that seem less than professional.” In general, I have found that as the outlandishness of a program’s income claims increases, the lifespan of the program decreases.
In other words, if you’re going to play around with these kinds of “investments”, you really need to know what you’re doing so that you don’t lose your money when the program invariably folds.