NeetaT, I can’t figure you out at all. From your posts, I gather you make good money, so you must be smart. You save a lot. You eschew all debt (like me), and all equity-type investments (like me until a couple of years ago). So you’re very risk-averse. You’re also clearly a civilized and polite person.
Although you avoid stocks and other investments that have risk and fully disclose their risks, you are happy to invest in the hairiest get-rich-quick slimeball schemes that you know nothing about, as long as they don’t disclose, and maybe even hide, their risks.
My strong advice to you is to assume first that any investment that promises to pay more than risk-free Treasury yields is risky, and the amount of risk is in direct proportion to the extra expected return. Then your only goal in investigating a specific investment is to learn fully what the risks are, and deciding if you’re comfortable with them. If the degree of risk appears low compared to the return, then there is a 99.99% chance that you’ve overlooked one of the risks.
Sorry if I sound like I’m lecturing, but you don’t seem like you deserve to get ripped off, or even just unpleasantly surprised. I sure hope you get your money back.
