FC Community
Discussion Boards => Off-Topic => Topic started by: SNewell26 on January 25, 2010, 04:19:15 pm
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I was curious about high yield investment programs. Most of them are offshore companies and I hear these programs are illegal in the US.
I have been doing some research, but can't figure out if they are legit. I have read some blogs/articles on the internet that insist they are pyriamid schemes or ponzi schemes. Any advice on this would be great. Thanks!
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I was curious about high yield investment programs. Most of them are offshore companies and I hear these programs are illegal in the US.
I have been doing some research, but can't figure out if they are legit. I have read some blogs/articles on the internet that insist they are pyriamid schemes or ponzi schemes. Any advice on this would be great. Thanks!
I was curious about high yield investment programs. Most of them are offshore companies and I hear these programs are illegal in the US.
I have been doing some research, but can't figure out if they are legit. I have read some blogs/articles on the internet that insist they are pyriamid schemes or ponzi schemes. Any advice on this would be great. Thanks!
You have to be careful with the HYIP sites. There are some that does work for sure but unfortunely there are also many that does take your money, pay you at first then later on they split after you invested a larger amount. There is one that has been around for over 3 years though and does pay every time! So while they can and do work you just have to do your homework and research the right ones. Of course no matter what online business you get into you should always do your research any ways to see if it is legit, plus you will be able to see other ways to market it when you end up joining it. Another great tip about doing HYIP sites is to use free money to invest with any ways. That way if they do leave later on there really is no loss since you did not use your own money to invest with. Plus after you have made a profit on the HYIP site take your initial investment money back and put it back into your bank account or paypal or whatever. That way you can use the earned money only to play around with in the HYIP site. So it's a matter of using good judgement, doing your research, and investing wisely and you will do fine. One more thing to mention is many people want to look down on them sites, and while some do deserve that there are some that does really pay, and is great on helping there members actually make money! Rather you realize it or not banks play with the money you invest with them all the time. They buy stocks, bonds, mortages, annuities, and etc. with your money, but they give you a return of about 3% over a year period! So it's up to you if you want small returns or bigger returns. If anyone has more questions feel free to let me know!
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Practice Due Diligence and research, research, research. Google "HYIP monitors". They have good reviews of which ones are paying, how long they've been in business and which ones are scams.
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In the accepted view of the market, higher returns are correlated with higher risk. No amount of diversification or any other such gobbledygook can nullify that fact.
Would you bet at a blackjack table where you had great odds but could lose not only your bet but your whole pile of chips at any given moment with a high probability? It's a strained analogy but the point is that no matter how legitimate sounding a "HYIP" is, it is only a matter of time before the pyramid breaks down.
If the masterminds behind a given HYIP site really could make 80% APY by just "playing" with short term investments, they would simply invest some of their own seed money and grow it exponentially - no need to solicit outside depositors with all the risk & hassle that entails. I am surprised to hear that a site has been around for 3 years, but still, how long is that? Sites like FC have been around for more than a decade already.
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Most HYIPs are Ponzi schemes (http://en.wikipedia.org/wiki/Ponzi_scheme). That's why most of them don't last. Once the number being pulled out exceeds the amount being put in, the money runs out and it collapses. Usually, the people running a scheme like that will recognize when a significant amount of money is being pulled out and will close the operation and steal all the remaining money.
As the admin said...higher returns are a higher risk. Obscenely high returns like those in HYIPs are going to be obscenely high risk. 50% in a week? Yeah, right. If anyone could reliably make that kind of return on an investment, the economy would collapse.
I'm curious as to which HYIP you're referring to that has been around for 3 years.
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Thanks Everybody! The information that you provided is very helpful. Do any of you know if HYIP's are legal in the US? :thumbsup:
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Most are SCAMS ..... you could do all the research you like and if you find one you like check with the BBB to see if they are legit companies and what their reputation is before you sink your hard earned money into a SCAM!!!
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most are not legite they look real they will send you checks that are real and when you cash them the bank comes back on you.
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If you want to see a Ponzi Scheme that so far has survived all the negative hype being thrown at it look at the United States Social Security System. How long has it been around?
One HYIP that has been around 3 years is Genius Funds and I get paid every day.
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Thanks Everybody! The information that you provided is very helpful. Do any of you know if HYIP's are legal in the US? :thumbsup:
Whether or not they are illegal doesn't matter if they're offshore, since there's nothing the government can do about that.
As for their actual legality assuming they weren't offshore, all HYIPs that cease to exist or otherwise close likely do so because they were a scam. Scams are fraud, and fraud is illegal.
Also, I've been paid multiple times from the 3-year-old HYIP, GeniusFunds, as well. There are also HYIPs that have been around for even longer, such as TopFinancial.com. That one has been around since 1996.
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If you want to see a Ponzi Scheme that so far has survived all the negative hype being thrown at it look at the United States Social Security System. How long has it been around?
One HYIP that has been around 3 years is Genius Funds and I get paid every day.
Hey Oldbuddy!
I was actually considering Genius Funds and also looking into Infinitiva. I have been receiving positive feedback about Genius Funds, however, I must admit I am a little skeptical about these programs because they just seem too good to be true. So, you don't ever get taxed on the money that you make with these programs? I do think that using the money that you make from fusion cash or any freebie site is a good idea. At least you don't have to worry about losing any of your own money, so there really is no risk if the company folds. I heard that some people cash out often instead of compounding just to be sure they get paid. Well, I'm still doing my research. I do wonder why some of these companies end up going private though?
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While I cannot offer tax advice, I would suggest being careful with anything that tells you that your earnings are not taxable.
If you want to see a Ponzi Scheme that so far has survived all the negative hype being thrown at it look at the United States Social Security System. How long has it been around?
One HYIP that has been around 3 years is Genius Funds and I get paid every day.
Sure, you get paid every day -- until you don't.
And while Social Security is definitely broken, the US government has substantial assets (e.g. planes, arms, land, etc) that it could theoretically sell to meet its obligations. A ponzi scheme has no such backstop.
I'm just upset by the total BS that these scam artists spit out about "investment strategy" in order to con people into depositing. There's a reason you can't use PayPal with these sites - because they inevitably fail. You have to use eGold instead, which is the preferred online currency of child *bleep* operators & drug dealers. I'm not saying everyone who uses eGold is a criminal, but many more criminals use eGold than PayPal or other more reputable payment systems. The federal gov't already hit eGold & its founders with a number of lawsuits and I'm sure it's only a matter of time before they're regulated out of existence in the States.
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While I cannot offer tax advice, I would suggest being careful with anything that tells you that your earnings are not taxable.
Sure, you get paid every day -- until you don't.
And while Social Security is definitely broken, the US government has substantial assets (e.g. planes, arms, land, etc) that it could theoretically sell to meet its obligations. A ponzi scheme has no such backstop.
I'm just upset by the total BS that these scam artists spit out about "investment strategy" in order to con people into depositing. There's a reason you can't use PayPal with these sites - because they inevitably fail. You have to use eGold instead, which is the preferred online currency of child *bleep* operators & drug dealers. I'm not saying everyone who uses eGold is a criminal, but many more criminals use eGold than PayPal or other more reputable payment systems. The federal gov't already hit eGold & its founders with a number of lawsuits and I'm sure it's only a matter of time before they're regulated out of existence in the States.
I've never heard of eGold...who says that every HYIP is the same in that respect? I withdraw my money with Alertpay.
Also, that's a good point right there. Definitely don't ignore taxes when considering your earnings. Any reputable site will remind you to report your earnings to your tax professional, or even make you submit your tax information to them (which I personally am a bit uncomfortable with). GeniusFunds simply reminds you to talk to your tax professional about your financial situation with GeniusFunds, but I've seen many other sites give you a certain threshold that must be broken before they start needing action involving taxes (e.g. If you make $1000 in one year, they'll need you to give them tax info).
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While I cannot offer tax advice, I would suggest being careful with anything that tells you that your earnings are not taxable.
Sure, you get paid every day -- until you don't.
And while Social Security is definitely broken, the US government has substantial assets (e.g. planes, arms, land, etc) that it could theoretically sell to meet its obligations. A ponzi scheme has no such backstop.
I'm just upset by the total BS that these scam artists spit out about "investment strategy" in order to con people into depositing. There's a reason you can't use PayPal with these sites - because they inevitably fail. You have to use eGold instead, which is the preferred online currency of child *bleep* operators & drug dealers. I'm not saying everyone who uses eGold is a criminal, but many more criminals use eGold than PayPal or other more reputable payment systems. The federal gov't already hit eGold & its founders with a number of lawsuits and I'm sure it's only a matter of time before they're regulated out of existence in the States.
I've never heard of eGold...who says that every HYIP is the same in that respect? I withdraw my money with Alertpay.
Also, that's a good point right there. Definitely don't ignore taxes when considering your earnings. Any reputable site will remind you to report your earnings to your tax professional, or even make you submit your tax information to them (which I personally am a bit uncomfortable with). GeniusFunds simply reminds you to talk to your tax professional about your financial situation with GeniusFunds, but I've seen many other sites give you a certain threshold that must be broken before they start needing action involving taxes (e.g. If you make $1000 in one year, they'll need you to give them tax info).
Thanks kirbymiester ! That info was helpful. How long have you been with Genius Funds? Do you think they will be around for awhile?
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Do you think they will be around for awhile?
How long anyone thinks they will be around is not useful data, base your decision to participate on your OWN feelings and research and NEVER use money you can't afford to lose.
So why would ANYONE take that kind of risk with any online program? I am retired and 71 years old, why would I even consider putting my money into a CD that pays me 1% a year when I can get 1% a day? No I don't use Genius Funds for my day to day living, it's just for fun and travel. If it did blow up like admin wisely suggested it may, I just don't take as many trips next year. For as long as it lasts, my quality of life is vastly improved and I have the money in the bank to prove it.
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The returns offered are unsustainable long term. Approach HYIPs like a casino. Some will win, some wont. Hundreds of HYIPs have come and gone but if you like to gamble take a shot. Just be sure to use money you are willing to lose.
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I'm skeptical of GeniusFunds. If I invest $50, then in 6 months, it will turn into $482. If I take out my original investment plus a little and just reinvest $400, it will turn into $4487. If I then reinvest $4,000 of that, it turns into a whopping $61539. $50 can turn into over $60k in only 1 1/2 years? I find that hard to believe. Even more crazy is that if I reinvest that $60k, it will turn into more than $600,000!! Over half a million in two years with only a $50 investment? Yeah...I just can't see that happening.
Especially considering the idea that if I keep "the change" from that $600k earning, which is about $37k, and reinvest the remaining $600k, it will turn to $2.9 million.
$2.9 million
After only 2 1/2 years.
With a $50 investment.
My "too good to be true" alarm is going off pretty hardcore. And the fact that Genius Funds has been around for a while makes me worry even more. By now, the people with small initial investments have been reinvesting for awhile and could easily have balances over $1 million, which is hard to pay out, I'm sure, unless they really ARE investing in what they claim they are.
If Genius Funds is a ponzi scheme, then I'm sure it will be collapsing soon. Even though its far more conservative than the peak of HYIPs a couple years ago with 12DailyPro, it still can't last. However, if they actually ARE investing your money into the things they claim, then maybe it IS sustainable. 1% a day can certainly be earned in the stock market and currency exchanges, but I wouldn't say it can be done reliably.
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However, I get my $700 federal tax refund on Friday, and I don't NEED this money. Its nice to have an all, and will give me some breathing room with my finances, but I can afford to lose $50 in a gamble. I'm going to do it. I'll invest $50. If I do end up making a $1 million, INCREDIBLE! I won't count on it though.
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I'm skeptical of GeniusFunds. If I invest $50, then in 6 months, it will turn into $482. If I take out my original investment plus a little and just reinvest $400, it will turn into $4487. If I then reinvest $4,000 of that, it turns into a whopping $61539. $50 can turn into over $60k in only 1 1/2 years? I find that hard to believe. Even more crazy is that if I reinvest that $60k, it will turn into more than $600,000!! Over half a million in two years with only a $50 investment? Yeah...I just can't see that happening.
I see you used their earnings calculator to get those numbers. However, two things are different than what you're actually saying.
First, the amount of time you put into the calculator is the number of business days, which exclude weekends and holidays. So, since you put 182 days into the calculator assuming that was 6 months, in reality, 182 business days is more like 52 weeks x 5 days per week = 260 days. Subtracting holidays, it's more like 250 days in one year. So in reality, you make that $482 in about 73% of one year.
Second, the earnings calculator uses the maximum amount of interest you can earn per day, which are ideal market conditions (as they point out in the disclaimer on the earnings calculator page). In reality, the interest rates are towards the middle of the interest range they give. This means that all the interest you get is about .1-.3% lower than what the calculator says, and if you account for the compounding interest, that's a substantially lower income.
So you see now that those numbers are actually quite off. Not to say that GeniusFund's return is not astronomically high and great, but I hope it kind of makes it a bit more realistic. As for the comparison to the stock market, like you said it is attainable but difficult to do so. And that's exactly what they do. They invest all the money you give them in emerging economies that have very low exposure...And while you may just regard that as them feeding all their investors BS while they hide behind the scenes with their Ponzi scheme, that's what they tell us and that's what I believe they do.
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Thanks kirbymiester ! That info was helpful. How long have you been with Genius Funds? Do you think they will be around for awhile?
I've been with GeniusFunds for about 4 months now. Like oldbuddy said, you shouldn't base your decision on investing on what I say, but rather on your own education and willingness to lose all you invest (but hopefulness that you'll get it all back)
But to answer your question, I think they could be around for years to come. If they've survived for 3 years, and made it through all the competition with "the next best thing" HYIP sites...AND managed to satisfy all their customers with reliable returns, why can't they continue doing that?
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Thanks kirbymiester ! That info was helpful. How long have you been with Genius Funds? Do you think they will be around for awhile?
I've been with GeniusFunds for about 4 months now. Like oldbuddy said, you shouldn't base your decision on investing on what I say, but rather on your own education and willingness to lose all you invest (but hopefulness that you'll get it all back)
But to answer your question, I think they could be around for years to come. If they've survived for 3 years, and made it through all the competition with "the next best thing" HYIP sites...AND managed to satisfy all their customers with reliable returns, why can't they continue doing that?
Good point! I definitely have a lot to consider. I think I might try it out. When I cash out, I'll probably use that money to start small and build up.
Thanks for you input.
(http://www.fusioncash.net/sig.php/6763f768af96x3.png) (http://www.fusioncash.net/?ref=SNewell26)
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I've been with GeniusFunds for about 4 months now. Like oldbuddy said, you shouldn't base your decision on investing on what I say, but rather on your own education and willingness to lose all you invest (but hopefulness that you'll get it all back)
But to answer your question, I think they could be around for years to come. If they've survived for 3 years, and made it through all the competition with "the next best thing" HYIP sites...AND managed to satisfy all their customers with reliable returns, why can't they continue doing that?
Do you have to manually reinvest your weekly dividends? Or will it do it automagically?
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Do you have to manually reinvest your weekly dividends? Or will it do it automagically?
You can either have it autoMAGICally reinvest, or do it yourself. If you do it yourself, you have the option of cashing out that money instead of reinvesting it.
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Do you have to manually reinvest your weekly dividends? Or will it do it automagically?
You can either have it autoMAGICally reinvest, or do it yourself. If you do it yourself, you have the option of cashing out that money instead of reinvesting it.
You can change it once a week also. So you could have it reinvest once a week and then turn it off the next week.
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Registered an account at AlertPay and GeniusFunds. Damn AlertPay for making me wait to verify my checking account before I can make my deposit!
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Registered an account at AlertPay and GeniusFunds. Damn AlertPay for making me wait to verify my checking account before I can make my deposit!
Good point! I definitely have a lot to consider. I think I might try it out. When I cash out, I'll probably use that money to start small and build up.
Thanks for you input.
Glad you guys are convinced. Once again though, use plenty of caution.
...to tell the truth though, I die a little inside every time members sign up unreferred! :crybaby2: hahaha
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This is becoming an interesting thread. The question that led me to try it was simply this, would I rather spend the little check I earned free, or take a chance on turning it into a steady stream I could spend over and over? I just switched my reinvestment over to 50% so I can collect the reward from waiting four months and still keep it growing.
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Yeah, I just switched my reinvestment over to 0% so I can get my own money back within 14 weeks and then I will compound it and let it ride for a few months, playing with their money.
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This is becoming an interesting thread. The question that led me to try it was simply this, would I rather spend the little check I earned free, or take a chance on turning it into a steady stream I could spend over and over? I just switched my reinvestment over to 50% so I can collect the reward from waiting four months and still keep it growing.
Hey oldbuddy!
I signed up today. I can't wait to see if this really works.
(http://www.fusioncash.net/sig.php/6763f768af96x4.png) (http://www.fusioncash.net/?ref=SNewell26)
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Heh...my bank's anti-fraud called me today to double check that the credit card charge for $56 to AlertPay was legit. AlertPay isn't based in America, so to my bank, it was odd to suddenly see a charge coming from another country.
I'm kind of confused though...which earns more money? The weekly, or the daily option? My math shows that the weekly option would. Its currently 6.3%, while the daily is only 1.1%. Even with compounding 5 times a week (Since it doesn't earn money on weekends), the daily only comes out to 5.6% weekly. Yet, the weekly option is described as "Long-term investment generating moderate regular income." while the daily one is described as "Long-term investment generating maximum regular income." So...which is it?
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For those of you that have used Genius Funds for a decent amount of time, are you able to take out what you've invested [and the interest] whenever you want?
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Heh...my bank's anti-fraud called me today to double check that the credit card charge for $56 to AlertPay was legit. AlertPay isn't based in America, so to my bank, it was odd to suddenly see a charge coming from another country.
I'm kind of confused though...which earns more money? The weekly, or the daily option? My math shows that the weekly option would. Its currently 6.3%, while the daily is only 1.1%. Even with compounding 5 times a week (Since it doesn't earn money on weekends), the daily only comes out to 5.6% weekly. Yet, the weekly option is described as "Long-term investment generating moderate regular income." while the daily one is described as "Long-term investment generating maximum regular income." So...which is it?
So your bank assumes it's fraud, and the HYIP can't even quote interest rates correctly. And you're sending them money?! FC is in the wrong business...
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Haha it DOES sound too good to be true..but members like oldbuddy say they use it? Can anyone that ACTUALLY uses this tell me whether or not they've gotten real results from this? That they actually took out of the program and were able to use?
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So your bank assumes it's fraud, and the HYIP can't even quote interest rates correctly. And you're sending them money?! FC is in the wrong business...
My bank only assumed it was fraud due to the sudden charge coming from Canada to AlertPay. As for Genius Funds not knowing which one will generate maximum income...yeah not sure what to say about that one.
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So your bank assumes it's fraud, and the HYIP can't even quote interest rates correctly. And you're sending them money?! FC is in the wrong business...
My bank only assumed it was fraud due to the sudden charge coming from Canada to AlertPay. As for Genius Funds not knowing which one will generate maximum income...yeah not sure what to say about that one.
Hahaha the maximum income thing is because the more you invest, the more the daily fund earns you. In the 0-500 investment range, the weekly one wins, but in the 5000+ investment range, the daily one wins. Simple as that.
Haha it DOES sound too good to be true..but members like oldbuddy say they use it? Can anyone that ACTUALLY uses this tell me whether or not they've gotten real results from this? That they actually took out of the program and were able to use?
Yes bboyben95, I have literally taken out money that I was able to use (and have used). I will tell you though that the amount I took out was less than the amount I put in, so I don't know if that really matters to you.
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YesI have actually taken out real money and transfered from AlertPay to my regular bank account to spend. I'm on vacation in the Florida Keys enjoying the sunshine with some of it right now. I just checked and when I get home tomorrow I have another $500 to withdraw that collected up while I have been gone including one $300 commission for doing nothing but getting a referral that invested. Long live Genius Funds, but if not it was free money anyway and I'll just keep clicking here to get more.
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The only problem I have with Genius Funds is how long it will take me to get my original investment back. It is currently earning 6.5% weekly, which will end up taking about 12 weeks to double my money. And even then, I have to wait 150 business days before withdrawing it.
And then there's the dilemma...do I take out my original investment after my money has been doubled? Or do I let it ride longer? Taking it out sooner is a lower risk, but will cost me heavily in long term profits.
My original investment was $56. At 6.5% weekly, it would grow to $1,480 after 1 year (52 weeks). After 2 years (104 weeks), it would be $39,133. After 3 years (156 weeks) $1,034,491. That's all assuming I never take out my original investment.
On the other hand, if I set my reinvestment rate to 0% to get my original investment out soonest, then it would take 14 weeks for me to be able to withdraw the money the soonest. Then after 142 more weeks, I will have $428,383. So after 3 years, taking my original investment out ASAP would cost me over half a million dollars. To extend this even further, if after 4 years I never took anything out, I would have $27,346,795, while if I took out my original investment ASAP, I would have earned $11,324,314. It will have cost me about $16 million.
However, that's all assuming that Genius Funds actually survives that long. I have my doubts, which is why I only invested what I could afford to lose. I'll probably let it ride for a year then pull out a few hundred and be happy, then let the rest go wild. I HIGHLY HIGHLY doubt that I could ever turn this into even $10,000. Its just way too good to be true. In my College Algebra class, we learned about compounding and exponential growth. It works too well when you're compounding at 6% every week.
Once I reach $15384, I will be pulling out $1,000 a week. I could live off of it. 15384 = 56 * 1.065^x x ~= 89. So with a $56 initial investment, it would take about 89 weeks before I'd make $1,000 a week in interest. Just under 2 years.
I still say its too good to be true, but if IS...then DAMN!
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The only problem I have with Genius Funds is how long it will take me to get my original investment back. It is currently earning 6.5% weekly, which will end up taking about 12 weeks to double my money. And even then, I have to wait 150 business days before withdrawing it.
And then there's the dilemma...do I take out my original investment after my money has been doubled? Or do I let it ride longer? Taking it out sooner is a lower risk, but will cost me heavily in long term profits.
My original investment was $56. At 6.5% weekly, it would grow to $1,480 after 1 year (52 weeks). After 2 years (104 weeks), it would be $39,133. After 3 years (156 weeks) $1,034,491. That's all assuming I never take out my original investment.
On the other hand, if I set my reinvestment rate to 0% to get my original investment out soonest, then it would take 14 weeks for me to be able to withdraw the money the soonest. Then after 142 more weeks, I will have $428,383. So after 3 years, taking my original investment out ASAP would cost me over half a million dollars. To extend this even further, if after 4 years I never took anything out, I would have $27,346,795, while if I took out my original investment ASAP, I would have earned $11,324,314. It will have cost me about $16 million.
However, that's all assuming that Genius Funds actually survives that long. I have my doubts, which is why I only invested what I could afford to lose. I'll probably let it ride for a year then pull out a few hundred and be happy, then let the rest go wild. I HIGHLY HIGHLY doubt that I could ever turn this into even $10,000. Its just way too good to be true. In my College Algebra class, we learned about compounding and exponential growth. It works too well when you're compounding at 6% every week.
Once I reach $15384, I will be pulling out $1,000 a week. I could live off of it. 15384 = 56 * 1.065^x x ~= 89. So with a $56 initial investment, it would take about 89 weeks before I'd make $1,000 a week in interest. Just under 2 years.
I still say its too good to be true, but if IS...then DAMN!
No doubt your greed will eventually consume you. You said it yourself, the odds are it will eventually fail, so why not start getting paid sooner? I am into this four months and ONLY use money I got free online, so I don't have ANYTHING to recover at all, it ALL came to me free. Now I withdraw 50% and reinvest the rest for a stream of income I can spend for fun as well as more every day as it continues to grow, WITHOUT ANY RISK. If it crashes, I will just do it again with a new program, which I have already done several times. If you think this one is good, I had Ad-Ventures4u paying me over $6,000 a month and still get an occasional payment from them. Trust me, I'm not crying because they quit paying so well, I just moved on to the next one.
Now I'll give you the REAL key to the vault. Most of that money came from REFERRALS, just like it does here. Even my Genius Funds currently contain $534.29 that is compounding for more growth and it just gets better every day. If I can do that in 4 months, WHY WOULD I WAIT? There is more where that came from. All I need to do is keep making it easy for people to find me and I don't even need to look for it. When you get to this phase money is attracted to you like iron filings to a magnet.
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I think I've finalized my plan. I will let it ride for 1 full year. At that point, I will have about $1,500. From then on, I'll change my reinvestment rate to 50%. If I'm still earning 6.5% then, that means that each week will earn about $97.50. Half of that gets reinvested, the other ~$50 I will be taking back. This will earn me an extra ~$200/month, but will grow slowly. Assuming the yield stays the same, and Genius Funds doesn't vanish, this income will grow to about $250/week by the end of next year.
And again, if Genius Funds vanishes at any time before I start actually receiving my money, I'm fine. It was only a $56 initial investment that won't really cost me anything to lose.
Though I may add my next FusionCash payout to GeniusFunds to speed things up. That might be awhile though. I haven't done any FC offers other than the PTC in a long time.
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Don't overlook commissions for referrals actions, I had one last week that was $300 and all I did was stand around with my hand out. For the average person, recruiting referrals is the best paying job online no matter what program you do it for, INCLUDING Fusioncash.
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:sad1: This sounds like a pyramid scam to me. I rather not try anything like that.
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Don't overlook commissions for referrals actions, I had one last week that was $300 and all I did was stand around with my hand out. For the average person, recruiting referrals is the best paying job online no matter what program you do it for, INCLUDING Fusioncash.
How do you get referrals? All my friends are smart enough to be skeptical about anything like this, especially since I lost $100 to HYIPs way back in the 12DP days (which was no big deal for me back then). I could set up a blog, but how do you get traffic to your blog? And as for YouTube videos, there's already dozens, if not hundreds of those out there describing money making sites. How do you stand out?
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hmmm....very interesting thread. I may check out Genius Funds, then. I stayed out of HYIP's (although I did get paid from a few several years ago), ever since the 12DP fiasco. I agree with the referral take on maximising ANY program in which you are involved. go viral on the traffic, socatoah, use the social networking sites, there's plenty of places to do free advertising if you google it, and you can always buy prospect lists from data collection agencies. good thoughts for max earning, folks, no matter WHAT route you take to earn your bucks :thumbsup:
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Once you get well known enough, you don't need to look for them, they find you.
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:sad1: This sounds like a pyramid scam to me. I rather not try anything like that.
Heh heh, I hope you're not planning on Social Security, that's the biggest pyramid around.
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I honestly have no real opinion on whether these things are for real or not, but three years is not a long time. Madoff kept his ponzi scheme going for at least 15.
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I honestly have no real opinion on whether these things are for real or not, but three years is not a long time. Madoff kept his ponzi scheme going for at least 15.
Social Security has been going since 1935
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Speaking of Social Security, at this rate, that will even be gone in a matter of a few decades. More people taking out then there are buying in!
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Speaking of Social Security, at this rate, that will even be gone in a matter of a few decades. More people taking out then there are buying in!
That is the definition of a Ponzi Scheme, right? In the meantime, I am going to ride the wave all the way to the beach I hope.
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I don't really worry about it because if you follow oldbuddy's method you are not risking anything anyway. Grab some easy cash on FC and try it. What have you got to lose? I don't advise anyone to take their "day job" money or grocery money and put it into something like this, but you can take your money from programs like this and blow it or you can invest it and see what happens. If blowing it makes you happy than that is ok in my book. We are only here for a short time, so enjoy the fruits of your labor however you feel is best.
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Yeah...I'll be able to make my second cashout here in about a month (I've only been doing the Paid to Click, as well as the forum posting bonus and game bonus). Not sure I want to just keep the $25 or invest it into Genius Funds, or take a risk on some HYIP. Most are ponzi schemes and die within a couple weeks, but if you get in early, you can make a decent profit.
oldbuddy, do you recommend any HYIP monitoring websites? My knowledge of HYIPs back in 2005/06 taught me that if you get into an HYIP at the beginning and pull out early, you can make a profit, but you can't wait until its been 100% verified to be an honest paying HYIP. If you wait, then by the time your investment will have made a profit, then the ponzi scheme has already begun to collapse.
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Speaking of Social Security, at this rate, that will even be gone in a matter of a few decades. More people taking out then there are buying in!
That is the definition of a Ponzi Scheme, right? In the meantime, I am going to ride the wave all the way to the beach I hope.
Exactly the definition. It lasts for a while, until it doesn't work any more : ) Until you have more Taking out/(Redeeming their funds) then there are paying in (buying funds). Exact definition. All I have to say is, live it to the fullest and for as long as you can!
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oldbuddy, do you recommend any HYIP monitoring websites? My knowledge of HYIPs back in 2005/06 taught me that if you get into an HYIP at the beginning and pull out early, you can make a profit, but you can't wait until its been 100% verified to be an honest paying HYIP. If you wait, then by the time your investment will have made a profit, then the ponzi scheme has already begun to collapse.
I just did a broad search of monitoring sites, forums and friends, then read the material on the GF website to make a decision to try it. As far as getting in early, it's been around a few years so that should indicate it's more than an HYIP and I think it is. I don't use the hit and run style, I want something that has proven itself first.