HYIP stands for High Yield Investment Program. Are hyips any good? While a HYIP might sound enticing, avoid hasty decisions; a number of these opportunities are ponzi schemes in disguise. In a typical scheme of the kind named after Charles Ponzi unusually high immediate profits are promised to make more naïve individuals to join. First comers are reimbursed with the money that the next generation of investors invest in the scheme. Read the rest of this entry »