Every HYIP needs money. So every project admin faces the same natural question: how do you attract a new investor? Obviously the simplest option is fine, elegant words about the deep meaning of the HYIP, the lofty values it carries and, most importantly, the future riches the investor will receive.

Having chosen that strategy, the admin sets out to surround the investor with vivid pictures of high, extremely lucrative percentages. A well-made story is usually filled out with subtle and quite realistic details about the company, the team, their outside lives and the positions they hold.

We do not recommend that investors take such stories literally. In the HYIP industry these narratives are called a "legend", and they most often have nothing in common with reality - though they do carry a certain significance. The themes usually echo one of those already circulating in the industry, sometimes with small changes and additions that can be not only interesting but useful to know.

Let us look at the most widespread legends.

The very first and most common legend is Forex and its mountains of gold. The story is built around trading on Forex. It is claimed that there is an established team of professional traders whose job is to trade this market as profitably as possible using investors' money. The promised profit is 20-40%, of which 1-5% of the income earned belongs to the investors who put money in.

Next on our list is sports betting. This legend is almost identical to the previous one, with one exception. Instead of the Forex market, the story features some kind of sport. In the same fashion there is a group of professional insiders - former athletes or coaches - with whom the admin supposedly has an arrangement or a signed agreement for insider services. The admin then invites investors to put money into the project so that the funds can go on to take part in bets.

As an aside, it is worth saying that it is possible to earn from betting; you simply need to get up to speed on the subject. As for these projects, once the money has been lost, payouts are typically continued out of the inflow from new investors - or, alternatively, staking is simply halted until the losses are recouped. Both are hallmarks of a scheme paying old participants with new participants' money rather than any real trading income.

Another legend is microcredit. That is, there is an officially registered firm issuing microloans to individuals for their needs, but at fairly high interest. You act as an investor whose money is used in this turnover. People who urgently need money borrow it not from the investor directly but from a legal entity. After a time these people must return the whole sum, interest included, to the firm, and the firm then pays the due interest to investors.

The next much-hyped theme is Dubai and everything connected with it: tourism, car rental, hotels and so on down the list. It is a very fashionable direction, built on the idea of financial profit derived from one of the real businesses operating in Dubai, one of the world's tourist capitals. The founder of the chosen business, having made it highly profitable and popular, decides to attract fresh money into the project and later repay investors with substantial interest.

And the last legend for today is social projects. There are so-called mutual-aid funds, in which the investor is told they will be paid with money from new depositors. At first glance the idea looks simpler than the previous ones, but it was later modified somewhat. To lend the whole thing special status, selected individuals are sent on trips abroad with the money received, or given cars, locomotives, ships and so forth. Naturally all of this brings the scam closer, because money has a habit of running out - and so do investors. As soon as the scam happens, the assurances begin that a relaunch is coming soon and this time it will definitely succeed. We advise you not to believe in successful restarts of previously failed projects.

The stories above carry the status of legends for good reason: most often they are simply a pretty picture. That said, if a project matters to its admin, the legend will as a rule be thought through, logical and attractive, because a high-yield creation is characterised by quality execution from beginning to end. Analyse the information and do not rush to put your money into third-party projects that promise fabulous sums but have no competent implementation behind them.