Due Diligence - a must for HYIP

When looking to make money online, one invariably also looks at HYIP or High Yield Investment Programs. Receiving interest on an investment is the easiest form of generating a passive income. You just deposit and wait until an investment matures, then collect your money.

Since there are so many scams and Ponzi schemes in this field, it takes a lot of due diligence to find a program which delivers on its promises. Here is what I normally do before I join anything: I click on all the links on the site. The FAQ is the first link I click on. If that doesn’t give me enough info, I start googling various forums and review sites.

Most of the review sites are biased and don’t give you a true picture. The owners are members of a specific system, trying to build up their down-line in it, so will logically paint a rosy picture. In forums you mostly find a whole lot of payment proof, which may or may not be true, so those are of not much use either. Some HYIP systems have their own forums. Those are the worst to look for unbiased info, because a member that posts something negative about the system will be banned from posting.

Then there also are monitoring sites. These sites get paid by the admins of HYIP systems and it’s very difficult to find a monitoring site that is not biased, but gives a balanced view of HYIPs and delivers regular updates. In the HYIP arena daily updates are necessary in order to help investors make informed decisions as most HYIP systems don’t stay open very long. If the site is not updated daily, it may happen that an investor picks a HYIP which has already stopped paying and he will thus loose his deposit and end up scammed.

When I was invited to join Elite Alliance Wealth Club, I did my normal thing: first checked through all the links on the site. Their FAQ didn’t give me enough info. In fact, I think it can be vastly improved. The link to MNO led me to Money News Online, their monitoring site. There I found lots of info, which appeared to be fairly unbiased. What I found correlated with what I had been told by the person who invited me to join him in this:
The payment history was positive since the start of Elite Alliance Wealth Club.

The interview left some questions, especially as to exactly how EA generates the money to pay such high interest rates and why they opened up for the public, originally being a private club.
The review was complete, impartial and realistic, without the ecstatic expectations of my sponsor. In view of my previous experiences I could only agree with the fact that MNO classifies Elite Alliance as just another HYIP.

It was only after listening to the General Manager that I was convinced that this was going to be the Elite HYIP, intended to generate a passive income for a long time , so I started the sign-up process, anticipating an ever growing passive income from small beginnings.

Is a Passive Income possible with Elite Alliance Wealth Club?

What can would-be investors expect from Elite Alliance Wealth Club, a HYIP which claims to be an honest and long lasting opportunity to build up a passive income? Is EA a normal HYIP or truly Elite? Inform yourself properly before you jump in.

My involvement in Elite Alliance Wealth Club
After receiving a glowing recommendation from a member, I did my due diligence as I knew how. I mostly found positive comment in my searches, with just two that were not all positive. One of those two appeared to be totally biased against all HYIP systems, so I discarded that one, signed up and made my first investment. Since my searches didn’t completely satisfy me, however, I will try my best here to stay unprejudiced while, for starters, concentrating on the con’s from a member’s viewpoint.
Having had my fair share of HYIP losses over the years does not deter me from starting again. I firmly believe that bad experiences are necessary to eventually have good experiences. If you fall of a horse once and never get up another, you’ll never experience the joys of horse riding. If you fall of a few times, you will have learned to avoid a fall or fall safely next time around.

I do not promote that you try to make a living from HYIP. But,played correctly, it can help to increase your cash flow without having to work your bottom off, so you can pay for other online adventures which take more work and more time to generate an income.

General advice regarding risks with HYIP
HYIP players have various strategies to “play the game” as safe as possible. I would advise anyone who intends entering this field to bring himself/herself up to date with those strategies, preferably those used by “old hands” in this field, who have some years of experience behind their backs.
High Yield includes High Risk, but as the saying goes: No risk – No gain. Any business is risky, whether off line or online. There are no guaranties for success. Every entrepreneur will, however, take calculated risks. If you’re afraid of taking a risk, lock yourself up in a room and stay there. Life in itself is a risk.
If you still think you’re safe in your daily job, just read the newspapers and listen to the news. Times have changed and we have to adapt in order to keep our normal life style or stay and scale down constantly.