2 Years in HYIPS - Part 1 - My First Program
Posted by rabbit on 10th June 2006
I was updating the About page and it dawned on me that it is now 2 years since I have been in this arena. It was May 15th, 2004 that I made my first spend into a high yield program. The name of this program is People in Profit Systems (PIPS). For those of you that have not never heard about PIPS, you can learn what happened to the program here and here. While I was able to make a few dollars from the program myself, a lot of people lost a lot of money in the program. PIPS was setup in such an elaborate and convincing way, that I would have probably rated it a B+ if it was still in operations today. This was a program that had real offices and businesses with real people answering the phone. Furthermore the administrator was known to a lot of people around the world. In fact, I met him personally twice — once when he visited Toronto, and last year when I went to the PIPS convention in Hawaii. Still, there were no definitive proof of investment for the returns that were being offered — only speculation. In some ways, the Udachu Diversified fund which I rated a B+ is similar. We have no way of telling for sure how Udachu Diversified fund is able to generate their returns every month. Still, Udachu Diversified's 10%-12% per month (on average) is a lot more believable and sustainable for what they claim to be in (stocks, real estate, forex etc.), than the 2% per day that was being offered by PIPS.
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