Wednesday, February 28, 2007

Monitoring Sites and High Yield Investment Programs

Have you joined any high yield investment programs (HYIP)? If you did then you are also aware of the existence of monitoring and listing sites for this kind of programs.

Monitoring sites are everywhere. Why are there so much monitoring sites around? Monitoring sites publish the latest updates on HYIP - the latest opened programs, members reviews, details and status of the programs. But should investors rely on them? I say, investors should not only use monitoring sites to monitor their programs. Forums and boards should also be reviewed. If you want to earn a stable income from HYIP, being informed is your best weapon. Monitoring site is only one of the tools but not the best tool.

Remember too that monitoring sites are getting paid for their services. Some HYIP Admins take care of these monitoring sites by paying them earlier than the other members whose payments are in queu. And this is a common scenario known to seasoned HYIP investors.

Some monitoring sites owner are active in forums and boards making them more updated about the programs they are monitoring. But some are not and rely on members to post their votes on the monitoring sites. If members do not use the monitoring sites, their purpose is defeated.

Investors have conflicting views whether to use the monitoring sites or not. It is because HYIP Admins build up their reputation first on monitoring sites yet still fail in the end. Should we still use them? Yes we should but do not fully rely on them. Do your due diligence and you are on your way to financial freedom.

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