27 December 2007

Why HYIPs can suck

With the recent demise of OpenTrade, and hence my personal loss of a good $400 investment, we see the importance of diversification.

No matter how good an investment program may seem, we HAVE to be prepared for the very worst in any program at any point. Although $400 may seem a lot, it's only one of my ventures and isn't too much of a negative blow to my operations.

No matter how reliable your Due Diligence is, nothing is for certain. When deciding where to invest, be sure you never put all your eggs in one basket.