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Oct 15th 2006
Lately we’ve been having news and stuffs that Feederfund fleet of programs are running on knuckles; FXIG running on the red, PSHI reduced ROI and extending withdrawal dates. Members should check the news from time to time with the news that they release on their site.
And if Feederfund runs into problems (given that they’ve been around like 2 years?), it really proves that anything could just strike to any program no matter how long or how credible a HYI has been operating.
My 2 cents.
Popularity: 2% [?]
Seriously, if both FXIG and PSHI goes under, I’m DONE with high-yield investments. If you can’t trust FeederFund then nothing is worth risking money on.
I’m highly disillusioned right now.
There are another honest programs. You can always start with another low risk programs. You don’t have to rely only on Feederfund because it’s 2 years old.
Devilboy: Don’t be disappointed my friend, you’ve placed alot in the two?
Actually Feeder Fund is closer to 4 years old.
I think many people have forgotten, or do not pay attention to disclaimers. The one applicable here is that “Past history does not equal future performance”
Any program can run into difficulties at anytime. That is the nature of high yield investing. It is easy to forget that high yield equals high risk. Also, we have to remember that high yield is pretty much anything that pays more than your average mutual fund (7% - 10% a year)
There is no such thing as a “low risk” hyip unless you are comparing it to other hyips. By their very nature they are much riskier than your traditional investment.
Standard HYIP rules apply with all investing in this arena. This include so-called “low risk” programs like Feeder Fund. The most important are:
1- Don’t invest what you can’t lose
2- get your principle out as soon as you can.
3- take out some profits regularly.
Break these rules and sooner or later you will lose everything. Keep these rules in mind and you will succeed in hyip.
Best wishes
Paul
I don’t care if programs post negative returns. That’s to be expected in HYIPs or any other investment. What DOES piss me off immensely is programs that freeze your money for 3 months / 6 months / forever with no opportunity to get it out.
That’s bullshit.
DevilBoy,
Actually you can get your funds out, It’s just going to be a 40% penalty.
Sort of similar to taking money out of your IRA or 401K early. The penalties with them tend not be as steep. Usually closer to 20%. Maybe a little more depending your tax bracket.
In regards to Feeder Fund, we are allowed to take out 20% of our PHSI balance each month.
The big hassle is that our money is now frozen in a poorly performing investment.
Keep the faith. All is not lost yet.