Stormpay High Yield Investment Program Problems

It looks like on January 31st that stormpay.com send out a message to some (maybe all) of their high yield investment program customers that effective immediately they were either to only do business with stormpay or they would be cut off and refused any service.

So it looks like the EMO problems with 12dailypro were caused by stormpay and the problem with egold were likely also caused by stormpay and not 12dailypro’s fault.

I was originally thinking that the best way to get involved in this program was to just put all your money in a one time shot and see if you got it back then after that it does not matter so much how much you make because it’s all profits.

Now I have changed my mind about making money with these high yield investment programs.  I was reading about one investor who started out with a small investment in one program and then built it up.  

When he got to a certain amount of money he then started taking his profits and investing them in other programs.  His goal was to have 10 different high yield investments that were making $500 per month each.

That would be $5000 per month, and when one of them goes under – as is likely to happen then he still has the other 9 making money.

I like this approach much better but, the idea of spreading the risk out really makes a lot of sense to me.