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By Hyip, we mean a Legitimate High Yield Investment Program. However, because so many investment sites are crooked, it is important to distinguish between those and the ones which are sound. The sound ones are called legit hyips, or legitimate High Yield Investment Programs.

Because they offer higher returns than normal investment opportunities, they are considered by many to be quick rich schemes. Naturally, any such market attracts those whose only aim is to exploit the gullible and unwary. As a result, it is estimated that the vast majority of such schemes are scams, and any profit made by an investor is usually at the expense of someone else.

The problem is how to spot a legit hyip. The fact that the promised return may seem abnormally high, does not automatically make it a scam. All hyips are risky, and it is possible for a sound one to return a very lucrative profit.

There is no doubt that the best way to avoid the scammers is for the investor to take some elementary precautions. Check out schemes by requesting referrals, and do not be afraid to engage with other people who have gone before.

Next, look at the website and search for information about who the owner is. After that, you should do as much research as possible to explore the owner’s background. Look into his experience, qualifications and track record, and don’t stop until you feel he is sound. Ask as many questions as you like and only stop when you are happy with the answers.

It is also worth examining the content of the website and the way it is written. If it appears to be scripted and vague, move on to one which has more detail and seems legitimate.

Your own research is far and away your best protection. If someone is reticent about answering questions, move on to until you find someone who is open and who you can trust.

If you’re trying to find Paying Hyips then you will need to do your research, simply because they all don’t pay. High Yield Investment Programs are a great way to earn extra income online, just understand that they can be risky at times.

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