The hyip, or High Yield Investment Program, field is notorious for the number of fraudulent schemes in operation. Because of this, it has become necessary to make a distinction between them and those which are sound, or legitimate, and these are known as legit hyips.

You might ask yourself why so many dishonest schemers are attracted to this type of invest, and the reason is not hard to find. Hyips offer higher returns than the more usual investment portfolio. They have also gained a reputation as a get rich quick scheme. Scammers prey on the naive and unwary, and this is reflected in the fact that the vast majority of schemes are criminal.

The problem is how to spot a legit hyip. The fact that the promised return may seem abnormally high, does not automatically make it a scam. All hyips are risky, and it is possible for a sound one to return a very lucrative profit.

The secret of not getting caught lies with the investor. You have to protect yourself, as no one else will. After reading about a scheme, get some referrals, and contact other people who have invested.

Take a close look at the website, and find out about the owner or owners. Ask for information such as where they are from and who the people are who you can contact in the event of problems. Find out the owner’s business address. Question them about their qualifications and experience, and look at the track record of past investments. In other words, keep asking until you are satisfied that those who are asking for your money are sound business people.

While on the subject of the website, it is worth making a comparison of the content and style with others in the same line of business. Decide which one seems to be the most informative and honest, and discard the rest.

Being your own Sherlock Holmes is without doubt the best way to satisfy yourself as to the legitimacy of any future investment. Scammers will prevaricate, while honest owners will be forthcoming and answer you queries with pleasure.

Finding legitimate hyip programs is easier said than done. Many individuals think of HYIPs as scams and ponzi schemes, but the truth is there are some honest HYIPs out there you just have to know where to look, like this Hyip List.