Hello readers! I hope this week has been profitable and full of success. As I expected, February is looking to see a rise in activity in the HYIP industry as the holiday season comes to an end. I expect this to continue later this month as the Chinese New Year comes to an end and 2011 officially moves forward in full force. Things are really beginning to pick up for HYIPBlogger.com this month after a bit of a lull we experienced last month. Again, I apologize as I got a bit lax in my reporting during the holiday season. As some of you know, and all of you subscribed to my monthly newsletter HYIP Blogger Monthly, will soon learn more about (yes there is still time to sign up before I send out January’s newsletter! Hurry though, I’ll be sending it out by the end of this week.), I put little faith in programs during the holiday season, and therefore urge investors to wait until it passes. This industry we follow is one filled with very high risk, and if we choose to invest, we must all be aware and prepare ourselves with as much knowledge as possible.

A good friend and mentor of mine once said to me:

You’re going to take risks in your life, it is something that is guaranteed. Out of those risks you take you’ll regret 80% of them. 15% of what’s left will teach you something, but you’ll probably still not get what you wanted. That last 5% you’ll receive what you expected and more. The funny thing is, if you learn from your mistakes you’ll find that 95% of the time you come out ahead, and those times you got lucky and got what you wanted end up giving you the least in value.

I take this mentor’s advice to heart in all my dealings and here on HYIPBlogger.com I hope to give you all some words of wisdom that aid and increase your personal knowledge. Whether or not you invest in HYIPs is your own personal decision; it’s my goal to provide you with as much information I can and to make you aware of the risks involved. Hopefully, you can take some of what I say and apply it outside the HYIP industry in other investments or personal ventures.

Tonight we’re going to take a look at MGFunds, a long-term program that opened on January 1st; having been running for just over a month we’re going to take a good look at the program here and hopefully you’ll gain the knowledge you need about the program. Lets take a quick look at the major points of interest most investor have:

1. Deposits are accepted via Liberty Reserve (LR), Perfect Money (PM), Global Digital Pay (GDP), Solid Trust Pay (STP) and Alert Pay (AP).
2. Principal is included in daily payments, you will not receive your principal back at the end of investment.
3. Minimum withdrawal amount is $3.00.
4. Withdraw requests are processed within 48 hours on business days Monday through Friday.
5. The minimum investment amount is $30.

MGFunds offers only one investment option, aptly called The Plan. It offers 3% daily for 45 days. Your principal is included in the payments, so you cannot get your principal back and refunds are not offered if you decide you don’t want to continue investing, so make sure you’re committed (knowing you could lose everything) before you decide to invest.  The minimum amount you can invest is $30 and the maximum is $10,000 per investment (up to 3 investments are allowed). Compounding is available, but I always recommend hitting break-even-point with your investment before compounding in a program.

So, if you were to invest $100 into The Plan, you should receive $3 daily for 45 days, or $135. This is a 35% return on investment over a 45 day period, not the highest gains for a HYIP, but overall a good return.

Now that we know the basics about the program, lets take a closer look and see what we find. I start out my research by digging through the site itself, looking for information and running a few “tests.” We find out straight away that MGFunds is hosted on a Black Lotus dedicated server, in my opinion the best option for DDoS protected hosting for a high-yield investment program. In addition to Black Lotus hosting, MGFunds has SSL encryption through Alpha. Protection overall is very good and is further increased with the custom script run by the program.

First with MGFunds I did a Whois search and an IP search. The Whois search gave me some interesting information:

We find there’s quite a bit of information, including an address along with a telephone number and fax. I haven’t tried verifying or checking any of this information, so do with it what you will. I do know that Mark Goodman matches the name used by the MGFunds admin in the emails I have received and is listed on the site in the news section. In addition, Black Lotus Communications hosting matches what is listed on the site and also matches the information I gathered with the IP search.

MGFund’s site, from what I found uses unique text. The design is straight-forward, professional and easy to navigate. I didn’t come across any red flags to raise concern in my search through the site.

Since MGFunds has been running for little over a month, I decided to take a look at their traffic and performed a traffic analysis, taking a look at their Alexa graph:

Unfortunately, the graph doesn’t give us a lot of information, but we see the traditional spike at the launch of the program showing initial investor interest followed by a positive growth trend. We don’t really see much as the program is so new, but things are moving in a positive direction which is a good sign as it shows growth for the program.

Next I looked at some forum information. I didn’t do a full forum popularity analysis but I did take a look at the numbers to see that MGFunds was receiving forum traffic and was out there for people to see.

We see the program has received a good amount of views, especially on TalkGold, and there have been a growing number of posts in the forum threads on the various forums. In addition to this I checked the number of monitors MGFunds is listed on, and they’re represented by a number of the top sites (including our partner HYIPNews.com); a full listing of monitors can be found on their Ratings Page. The number isn’t so vast however that there should be too much concern that the program is overextending itself by paying out to monitors.

Overall, I find that MGFunds is moving along steadily and is showing growth, something that is vital for the success of HYIP programs. As with all HYIPs, investment is extremely risky and anyone considering investment must understand that they have a very real risk of losing their investment. If you do not understand this please check out my Walkthrough page and read up a bit about HYIPs.

I’m going to leave you for now, but want to thank you all for walking with me through today’s HYIP investment review. If you have any questions please do not hesitate to contact me.

This review was paid for by MGFunds.