Trusting a friend in HYIP and we all got burnt. Lesson learned.

A friend introduced me to this HYIP (no, I will not mention the name of the company!). Trusting him, I went into the program blind.

I did not do any research. I just simply believed him as he told me he had been watching this company for 4 months before he joined. The payout was fantastic, 25% every 30 days (sounds familiar?).

In my hurry to get more returns, I put in more money. When the first cycle of 30 days came, the company paid me. In my greed, I reinvested the returns instead of taking it out.

After three cycles of reinvesting the money back into the company, on the 4th cycle, when I wanted to withdraw my capital… yes, you know what happened! The company is stuck in a political/legal court case in one particular country!

The panic drove all investors to look for information from everywhere. But no reliable information was ever given. Some investors had borrowed heavily to invest in this HYIP, now instead of living a life of luxury, they have to struggle even more to pay back their loans.

Fortunately for myself, I resisted the temptation to borrow money to put into this. Moral of the story? Never let greed take over our sensible thinking. Always spread out your investments. Like they always say, never put all your eggs in one basket.