The world is desperate for money so we look from all corners.

HYIPs are sort of pyramid schemes rebranded.

As we speak, Kenyans are making hundreds of thousands or even millions from HYIPs like Bullish Trade UK (Google it!). That's an international one but has a strong following in Kenya. What makes it attract people is the fact that they withdraw cash daily.

Quick pointers on HYIPs

- You'll make lots of money (mostly 150% ROI in 2 months/40 business days)

- Be as cautious as possible since they all fail at some point

- They can hurt your reputation when it fails with other people's cash (especially if you already got yours and the guy you referred loses his/hers)

- They don't disclose how they make money, you could be funding terrorists or drug dealers without knowing.

My Advise

- Avoid them

- In case you are desperate and you join, don't become an affiliate (in short burn peke yako instead of burning with others/making them burn)

- Do the in and out approach (once you get your ka-150% use it to start a legit biz)

- Avoid them

Conclusion

Avoid them and look for legit online businesses where you are sure of where your money is going and how it is being made.

For more on HYIPs and their dangers, check out this Wikiipedia article.

Financial crimes and pyramid schemes rise during election years.Be careful with your money this year.

Easy come easy go.

I may risk $500 and see how it goes as I follow your advice and put it in legit investment.After all,I have lost some money on the traditional investment avenues.

how is your investment doing buddy in bullish trade? still good?? umekuwa millionaire?

If am not wrong bullish trade disappeared into thin air....

seriously have you not heard or have you not seen? there is no bullish trade ...they packed there bags and went with peoples money..

here is some tragic comedy..i met a friend..he tells me he has found a cash cow..he explains about bullish trade..i listened like a fool..cajoling him to continue..he invested 400K..he unleashed his budget ...in 3 months he was seeing himself buying a nice piece of land in Karen..

i held back my laughter as he explained excitedly..his eyes were bright...at one point he could not help himself and started shouting thank you Jesus!

After the shenanigans..i told him..listen dude..you are in investing in a pyramid scheme..and exactly 45 days..it will collapse..

he almost peed on himself..

the look on his face was priceless..i have never forgotten to this day...i laugh when i think of it..

HYIPS are scams kenyans!

I intend to start with chang'aa distribution as I do the feasibility study for weed.You see the good thing with such investments is that as long as you know the right people,the returns are as high as 400% per consignment and the market is guaranteed.

Woi.