High yeild investment programs. scam or actually a quick way to make money the risky way?

April 12, 2009 by How Savings Bonds Work  
Filed under High Yield Investing

Can you answer ellerkampbrian’s question about Bonds?:

Has anyone here tried a high yeild investment program online? (HYIP’s) Are they legal? They advertise paying out unbelievable amounts of daily compounded interest. Seems like making money on them is possible but, you would have to get out in time before the bubble bursts.
examples of the websites that I am referring to are: solidinvestment.com, value-discovery.com, newbiehangout.com/hyip and the like. There are a lot more out there, just type in “high yield investment program” into the Yahoo search engine and see what type of websites it lists

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