Hello, guys! I was thinking over what to discuss today in the eighth issue of MNOFridays – where I try unmask the whole truth about the HYIP industry and not try to disguise its darker sides. Well, it comes to mind that despite most regular MNO readers being quite a smart and savvy bunch (give yourselves a round of applause guys!) the awareness level of the players (investors) in the wider HYIP industry is generally very low. This became especially clear after the collapse of UniteTrade when I was inundated with requests from people who had absolutely no idea why the program was gone and what they had to do. So I will try to give you some basic but yet extremely important points about investing in HYIPs that hopefully will help you minimize your losses and win more than you lose overall. So let’s get started.

1) Never invest what you can afford to lose in HYIPs! And I mean it!

It may sound too obvious to repeat it over and over again. But when I see that a man is collecting money intended to treat his mother in hospital, pay his rent, or finance his son’s future tuition I’m actually getting scared. That is NOT the point of joining HYI programs! You should only invest what you can afford to lose and not sell your car or skip the rent in order to play. This is a very important issue that has to be addressed here as it might sound very tempting to solve all your financial issues by investing in HYIPs and getting some fast and easy money. In fact it’s a very hard target to achieve and unless you are extremely lucky you have to slowly build your own strategy to play with success. But even then you can’t be successful all the time and after success, failure might come so be ready for it. And don’t be deceived by greed telling you that with HYIPs you can build a fortune. So play them carefully and only with what you can afford to lose.

2) Once you invest in HYIPs consider your money gone. I’m serious!

When you invest in an HYI program your money is no longer in your control. Every cent you get from now on is 100% down to the decision of the admin. You “trusted” your money to him by investing in his program and might never see it again. Of course, if you get lucky you will be in profit but these profits should be treated like a gambling win and not like the return of your deposit from a bank with interest.

As I said before the HYIP industry is a gamble with no real investments and it will be just psychologically better for your peace of mind if you only count your money when it’s in your pocket and not someone else’s (or even payment processor account). That way you will save yourself from huge disappointments and the stress that goes with them.

3) HYIPs can end anytime and past results are no guarantee of future performance.

Like the recent happenings with UniteTrade demonstrates, any program can collapse at any time, even if things seem to be going so well. By expecting the inevitable to happen (all HYIPs will end some day) you are always on guard and don’t allow yourself be too confident about any program which you believe can last for a while. Remember that nobody can tell for how long a program can last and even the admin himself sometimes is not aware of that. So please never rely on the past performance to evaluate the program’s ability to pay you for the same amount of time or even longer and be careful with your investment decisions!

4) Don’t treat HYIPs as real investment ventures!

This is one of the main principles which I firmly believe in after being involved in this industry as a successful investor, blogger, and monitor for several years and which is extremely important for your success. This is already discussed thoroughly in a previous issue of MNOFridays and still many investors make the mistake and treat HYIPs as businesses. This can only be to the advantage of HYIP admins which are trying their best to appeal to people’s greed and to make you deposit more and more.

5) Always diversify your investments in HYIPs for safety reasons.

This is also one of the main principles often forgotten by many investors. Of course for those who prefer to risk their entire capital and prefer to get all or nothing there is nothing wrong with putting all their eggs in one basket (all their money in one HYIP) in order to try their luck. Such risks though are not often rewarded and even if you get lucky the first and second time you might lose all your capital the next time (like I said before HYIPs are highly unpredictable). So luck will be more on your side if you be more careful and resourceful by assigning how much money from your starting capital you’re going to invest in various programs. At least if some collapse you are protected from heavy losses by your income from others. I believe that experience and knowledge is power and can be used in any aspect of life, not just HYIPs. So always diversify investments!

6) Never ever get emotionally attached to a program which can scam anytime!

Ultimately it’s the finishing goal of any experienced HYIP admin is to pay you for some time and slowly gain your trust and get you emotionally attached to his program. There are many psychological tricks and I saw them all so many times in the past. They will offer you any bonuses, credit cards, presents which would be otherwise treated as warning signs among the more neutral observers. Those who are emotionally attached are usually those who are very badly hurt (financially and mentally) when this program suddenly collapses or when you feel that the admin betrayed your trust.

I really hope that this article from MNOFridays will help you see the industry from a different angle and maybe somehow change your strategy and your attitude towards HYIPs. I’m looking forward to hearing your comments to this article on my Shoubox or in the special thread devoted to MNOFridays on the MNO forum. Thank you for your attention and I hope to see you soon for the ninth issue, and as always feel free to put forward your suggestions!

DAILY NEWS FROM THE INDUSTRY.

Unfortunately two more programs have to be moved to Problem status on MNO monitoring tonight. They continue to pay to some monitoring sites and seems to be forgetting to pay to their members. I’m talking about InnoClub and Famega – two programs with confirmed selective payouts which are not recommended for investing anymore. Please stay away from InnoClub but I am keeping a closer eye on Famega.

The admin has said there was a problem with the payment system and promises to have everything back on track tomorrow. So this is where you guys need to help me out in deciding the correct status of Famega. If you have any outstanding payment issues with them but they are rectified within the next 24 hours then please let me know. I will be more than happy to restore Famega to Paying Status on MNO, but until everyone is paid then the program’s listing stays as is. Here is the last email I just received  from the admin of Famega:
“To all respectable clients, duo to some problems in our mass payment machine, all of withdrawal requests will be pay by tomorrow, we are so sorry for this delay,
Our technical team are working hard to setup all difficulties.
Please do not hesitate to contact us in case of uncertainty and question.
Regards, Customer care department officer“.

At the same time I returned FundsOMatic (reviewed here) back to Paying status on MNO today. I received some confirmation from the same readers who complained of delayed payouts from FundsOMatic and I was also paid in full myself last night. So if you still have any issues please let me know (provided you didn’t receive your payouts within the asked 48 hours) and I will consider your request and try to help you if I can. For now FundsOmatic is on Paying status on MNO!

PandaTrade remains one of the most promising low ROI programs with variable paying plans for 44 to 180 business days (read more about them in my review published here). Now with the addition of SolidTrustPay to the already accepted LibertyReserve and PerfectMoney I bet the number of prospective investors for PandaTrade will definitely increase. The broader methods of loading and withdrawing money from your account will definitely attract more investors like the admin of PandaTrade is obviously hoping for. Here is the short update:
“We accept Solid Trust Pay (STP)
PandaTrade administration is glad to announce about new payment option – Solid Trust Pay payment processor. Please note you can invest your STP e-currency or load STP account with debit cards (Visa, Master Card or American Express) and next invest deposit in PandaTrade.
Get interested? Learn more about STP. (http://solidtrustpay.com/index.php)”.

Staying on the topic of payment processors I want to address one important update from PerfectMoney which should attract more clients wishing to take advantage of a new feature – borrowing and lending money among the members. I myself noticed that a few weeks ago PerfectMoney introduced so called TrustScore which is assigned to merchants in a points system and increases with every successful transaction. Apparently this feature in addition to the voluntary verification which was introduced recently as well is aimed to make PerfectMoney as a safer payment processor where you will have at least some guarantees and views about the merchants before making any deposit with them in contrast to LibertyReserve’s totally irrelevant and unhelpful position towards internet criminals and fraudsters. I hope that PerfectMoney will create something that will be helpful to the investors to at least evaluate the level of trust in the program that they are going to deposit with. The new feature allowing you to borrow and lend money for profit to other PerfectMoney account holders is going to come into place in a couple of week but already now on their site you can get acquainted with how the system will look by watching a short video presentation and reading the latest newsletter from PerfectMoney announcing this (in my opinion ) curious feature:
“Perfect Money Credit Exchange is now available!
Public launch: 20th, November 2010
We are glad to introduce the brand new Perfect Money Credit Exchange, an innovative solution designed for online credit transactions. We are committed to the creation of the ideal tool for Perfect Money users to borrow and lend funds from each other conveniently and safely. Now, each and every user of the Perfect Money system has the opportunity to borrow necessary funds or to lend them to fellow users to make a profit.
The Perfect Money team has developed several user verification procedures and indicators to help lenders make educated decisions. One of the main credit rating indicators of perspective borrowers is the TS (Trust Score). TS is the rating of the corresponding account owner. To make credit deals as transparent as they can possibly be, each user may undergo a voluntary verification process that, once complete, will increase the level of trust in the account. In addition, by using ‘Public account information’ option, a user can display as much account information as they desire to other Perfect Money users. The user’s credit history, which shows all previously executed deals as well as feedback from these deals, is yet another indicator to evaluate the user’s past performance.
The Perfect Money Credit Exchange interface features an intuitive platform where users can instantly communicate with each other to discuss proposed loans, evaluate credit terms and make deals. Hundreds of thousands of Perfect Money members will be able to provide and obtain credits from each other in a matter of minutes, from the comfort of their homes. Safety, convenience, and ease of use are our vision for the Credit Exchange, and we believe that we have achieved just that. We would like to provide our customers this great service as the next step of Perfect Money payment system’s evolution.”

I have added four (!) new programs to MNO monitoring today and it’s a very encouraging sign I guess as admins wouldn’t start new programs if they didn’t see the industry returning to normal. They will be reviewed on MNO during the next four days and tonight I would just like to give them all a brief introduction so you can decide for yourselves if you would be interested in seeing further details.

The first program that was added today is FelixFunds. It started 10 days ago but cannot be considered as old as it’s a low ROI program paying 1.2%-2.3% on every business day for the desired duration of your term. That means you can decide when you want to withdraw / or if you want to withdraw your principal at all (15% fee applies). The amount you will earn to your LibertyReserve, PerfectMoney and AlertPay account is fixed and depends only on the amount deposited (minimum is only $1 by the way). The script FelixFunds uses looks a bit like GoldCoders but is really their own unique script developed specially for them. FelixFunds is hosted on a dedicated server with the highest Enterprise level of protection by BlackLotus. SSL encryption is also in place which makes browsing more secure. More about FelixFunds will be in MNO soon.

By the way, today FelixFunds has issued a newsletter where the admin announced a moderator contest where the most helpful member will become a moderator in their chat live support and win $50 to his account. Here is the update on that:
“Hello. As you’ve probably saw already we have a chat in members area. We need moderators there to keep under control the chat. We have our own customer support guys there most of the time but we would like also a moderator to chat and help the other members who will join our chat. That is why we’re launching a moderator contest. The most active and helpful member on chat will become in one week our moderator there and will gain 50$ bonus in account from us. So please enjoy our chat and be helpful there to win.”

The second program is a short-term game called HourlyInstant. It offers a huge variety of plans with all of them crediting your profits on an hourly basis and paying your withdrawal requests instantly to LibertyReserve and PerfectMoney, hence the name HourlyInstant. The design is quite decent for such a game but the background music is just driving me crazy so I have to mute my PC when I’m there, lol. HourlyInstant is hosted on a dedicated Staminus server with DDoS protection by DdoSWiz and has SSL encryption. The minimum to invest in HourlyInstant is $5 and the hourly plans start from 1 hour and finish with a 48 hour plan. The full list of plans is: 100.15%-100.5% after 1 hour, 50.15%-50.5% for 2 hours, 8.55%-9.5% for 12 hours, 4.4%-5.4% for 24 hours, 2.35%-3.4% for 48 hours. More on that will be discussed in the detailed review of HourlyInstant which I plan to publish on my blog tomorrow.

Another brand-new short term game that was launched only today is a pirate-themed cartoon style program called PiratesInvest. The program only accepts LibertyReserve and PerfectMoney to the following investment plans: 105%-130% after 1 day, 115%-280% after 3 days, 170%-600% after 12 days, 300%-1000% after 18 days, 1800% after 28 days, 200% after 2 days. The minimum to invest is $10 and payouts are promised instantly. PiratesInvest is a GoldCoders licensed script based program, SSL secured and is hosted on a dedicated server with Dragonara protection against DDoS attacks. More on PiratesInvest will be in my review after I receive my first payment from the program.

The last program added to MNO today is called MicroTechFund. It’s another variation of the alleged nanotechnology based programs that were in favor among investors last year. Of course you should treat this with a pinch of salt like any other program and only invest what you can afford to lose. The program is hosted on a dedicated server with DDoS protection provided by BlackLotus and SSL security. The website is running off a Neversay script which might be familiar to investors involved in autosurf programs a couple of years back. The minimum you can invest in MicroTechFund is $10 and the three payment processors accepted are LibertyReserve, PerfectMoney and AlertPay. The investment plans are: 2% for 45 days, 2.5% for 60 days and 3% for 75 days with the principal returned on expiry. More on MicroTechFund will be published on MNO next week.

Here is the list of the programs that paid me during the last 24 hours:
HourlyInstant (the first instant payouts processed), FundsOMatic, CazaInvestment, TerraProfits, PandaTrade, MutualTreaty, Flamanta, FenixTrust, FutureTrails, AssetManagement, GainBucks, InvestPlatforms, YesInvestment, OptimumPride, OilStructure, CherryShares, GroupUniversal, PawnShopFund, EarnPlaza, RedOrchidInvest, FiboTradePro, GloTrade, 144CashAds, Famega and FondosMayores.

That’s it for today, guys. I hope you enjoyed the update and don’t forget to check out my blog tomorrow for the latest news from the industry. Enjoy the weekend and hope to see you all here again tomorrow!