Sunday, July 09, 2006

HYIP I Still Find Them Interesting

I have been looking at more HYIPs I am not sure why but I just find them interesting.  The problem is that they start out being a great way that some people make money with little or no effort.

Just pick a winner invest $10 and make $100,000 it has happened before. But then when you start looking at it very few people are actually making money doing this unless they are invested in a lot of different programs and

Then you start getting into the auto surfs which take 10 or 15 minutes per day, not to bad if you can get a good one.  But to make it really work with any chance of success you need to be in 50 or more of these things.

I have learned more playing poker online than I have most of the other things I have tried to do.  When playing poker any one hand you have a chance to win and a chance to lose, but if your playing better than the other people at the table over the long run you will come out a winner.

I have learned that the most important thing is your bankroll, if you don’t have a bank roll it almost does not matter how good you are or anything else. Without a proper bankroll you should not even bother playing.

Ok, how that relates to HYIP’s I don’t know how much of a bankroll you need but it need to be large.  With poker I am playing on the $1/$2 limit tables, at this level the amount you can lose on any one hand is limited to a maximum of  $24.  The average is closer to $5 to $10.  Ok, I know playing this game I have a slight advantage, I usually win between 55% to 60% of the time. Given that I need to have over $1000 in my bankroll to make sure that I can continue to play.

I have accumulated loses up to around $800 even though I am still playing a winning game.  This means that if you have an investment that you know you can win at 60% of the time you need to be ready to lose up to 100 times and continue on with this idea.

Before I realized this I would try things like the stock market and if I would lose 4 or 5 times then I would quit.  Poker has made me realize that you have a huge advantage and still lose 5 or 10 times even in a row.  These are just all part of the odds, it happens.

Here are a couple good sites I ran across about HYIP’s:

http://www.drunkonlife.com/  - This is a site I like the person running it follows a lot of HYIPs and they have a blog about all the current things they are looking at.

http://hyiag.blogspot.com/ - Another blog on HYIP’s and investment advice.

http://www.hyipdiscussion.com/ - This is  a forum about HYIPs.

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