According to some web sites, they see HYIP as a type of fraudulent investment operation that are investment scams that promises an unsustainably high return on investment by paying previous investors with the money invested by newcomers. HYIP operators generally set up a website offering an investment program and investment strategies with returns as high as 45% per month or 6% a day that discloses little or no detail about the underlying management, location, or other aspects of how money is to be invested because no money is invested.

They often use vague explanations, asserting little more than that they do different types of trading on various stock markets or exchanges to generate the returns they purport. What those web sites failed to realize is that business will always be a game of chance. Unless you have the right stuff, you can never really succeed. While it is true that some people lose their money when getting in to this kind of business, those “hate sites” doesn’t include the fact that a number of people genuinely got a lot of earnings by just joining the said investment program. It is similar to stock market… it is known to get people rich, but then again, it is not for everyone.

Nowadays, investing on annuity has become a threat rather than insurance. Agents, brokerage or anyone who is licensed to sell such contract has become an image of scams. The downfall and foreclosure of these insurance companies has put the finance initiative of simple investors such as regular employees or young entrepreneurs on low market rate. What is sought before as a wise finance life-plan has become nothing more than a door to door direct selling that can’t even count on impulsive buyers. The thorough explanation of the calculated benefits of engaging in annuity has become a bore rather than enlightenment on good investing program.

Individuals who have put their money and trust on certain companies offering these annuities got nothing but endless follow-ups on check releases that never come. As easy as these annuities were offered, as hard it is to claim the promised benefits. Leaving the investors hanging and wondering if they’d ever get their money’s worth. So what is the wisest way to finance when the used to be trusted annuity companies have let you down? Is it just wise to save your money on your own? Would it be safer to keep your child’s college fund in a piggy bank or your health emergency fund in a sock? Or just go and finance everything on putting up a business that would reap you the same uncertain benefits? No matter what you decide, when money is involved, there is always a risk.