)
|
Originally Posted by vandit
That sounds good. But there also needs to be more then one trusted admin that has access to the managed account and requires all admins to sign off whenever a withdrawal is requested. The trust needs to be spread out and not centralized on one person.
Also, ALL ADMINS MUST PROVIDE COMPLETE CONTACT DETAILS IE. PHONE NUMBER, ADDRESS, PASSPORT, ETC. If the admin is honest and true and wants to build a reputable program, then they should not have a problem providing this info I won't invest in any new HYIP unless this info is provided and the above requirements are met. |
|
Originally Posted by Integrated Investor
Isn't this already being done? I've come across several managed-account HYIPs. Yourfx.com is one. And I think EOMplus.com is another (for stocks).
I think the only way you can lose your money is if the trader does bad trades. But at least you know that your money can never be stolen. Does anyone know any other traders/HYIPS that offer managed accounts? Do you need to provide any personal information? It would be great if both parties can remain anonymous (trader and investor). |
|
Originally Posted by hphyips admin
This is an article I wrote for HYIPMailer.com:
II - OUR OPINION OF AN IDEAL HYIP The problem with most HYIPs is the fact that they are very shady. Members can not see where their money is being invested, or if it is being invested at all. In order to have a truely transparent and failproof HYIP one needs to make all info readily available to investors. Below is an example of what our ideal HYIP would look like. Just so you know we are never going to run an HYIP, we are just using the below ourline as an example. Maybe a few respected individuals could use this as an outline to thier next program: Funds are invested in forex market. The # of investors are limited to maybe 50 or less. Minimum deposit should be about $1000. The admin of this program sets up a managed forex account in which they do the trading or have a reputable forex trader or group do the trading for them. They now allow all investors, big and small, to have access to the managed account. (Investors can view trades and withdrawls, etc, but can not touch the funds). This will allow investors to track how their investment is doing while also giving them confidence that the admin is not cheating them. This is complete transparency. Investors should be able to withdrawl their share of earnings and principle anytime after a fixed holding period of a few months. If a few programs like this could be set up, the HYIP arena would become much more profitable and secure. Sure the payouts may not be $5 per day, and probably not even 5% per week, but the security for both the investors and admin would be much much greater. Investors are able to see their funds work for them, while the admin does not have to worry about failed trades, as the investors can easily see the truth behind it all. Edward |