Expert: Steve Hach - 12/15/2009

Question
hi, i want to invest small amount of money($ 100) at 5-6 HYIP's promising 1,5-2 % daily profit, i browsed internet sites and forums and see that many are scams but some are paying for years and are reliable(like Panamoney, Infinitiva, Genius Funds etc., for how long no one knows). My question is: if i invest can i expect to return 2,3, or 5 times my money for 6 months, if it's true even 2-3 real HYIPs out 10 will be enough to make good profit), WIKIPEDIA says they're scams many people say they make money........WHAT'S THE TRUTH ABOUT ALL THIS

Answer
Dear KGG,

They are scams.
There is no reliable get rich quick scheme.
If it sounds too good to be true it is.
Wikipedia is correct.
Keep your money in a bank!
--or browse my past answers about beginning investing for tips to learn about stocks, bonds, etc.

Best,

Steve