Wednesday, May 16, 2007

A Modest Experiment

A strategy that has been floating around is Hit and Run the really high interest ponzis with small spends of say, between $1 and $10. Basically you look for HYIPS that just came out that day and pay between 110% and 200% for a day. The next day you cash out and move on to the next set of new HYIPs spawned that day. Assuming an average 120%, and that all of them payout you can double your money in a week.

The key to success of this strategy is get in early, don’t come back, and don’t make a spend large enough to tempt the Admin to run with your spend. You might push your spend up to $20, but I feel it would be safer to create multiple e-gold accounts to spend from and keep the spends at a max of $10.

The big danger is that the HYIP Admin doesn’t intend to pay out at all. One of those can wipe out your profit from 4 to 5 paying ones. There are some who think that they should either make a $1 test spend or wait a day to see if they pay. The danger there is that each day increases the risk of not getting paid dramatically. Assuming a 120% return with the Admin taking 20% rake for himself, then only 2 out of 3 deposits will get paid.

The above number is also the argument against respending into the same HYIP after getting paid. If you still insist on respending then pay close attention to if there are higher interest plans that pay after X amount of days. For example a HYIP pays 120% after 1 day and 175% after 3 days. Then stick to the one day play and make only a single respend as the odds are very high that the pyramid will collapse on day 3.

It should be noted that I set 200% as an upper limit even though there are daily programs that will pay 300-1500%. Given the financial reality of such a pyramid, the odds of getting paid are slim at best, and in most case they will just cut and run without making any payouts.

While this is a strategy that I haven’t made much use of, I have decided on a modest experiment. I have set aside $10 and will make $2 spends until I’ve grown the amount to $20, then up the spend to $5, and so forth. I will stick to a smile day one hit and run approach and limit the HYIPS to the 110-200% return range.

Today I found 4 to spend $2 in. one pays 11%, two pay 120%, and one pays 145%. I woun’t list them as by the time you read this they will likely be dead.

Stay tuned for the results….

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