Hi folks, I have been following this thread with interest and would like to throw in a quick reality check that Schidt does happen.
EPI (I stupidly invested in) took $55,000 per share and is now worth $18,000 per share. Many astute investors went into this off the back of previous gains in similar investment vehicles. We all went in on make a quick $ with returns above a normal investments returns and we all got severely burnt.
There is NO such thing as an investment that can make you unbelievable returns unless there is unbelievable stupidity by people getting into such a fund. To attract more people into the fund, money in the fund is used to pay some out to inspire others that the returns are unreal.
If you do not understand the risk or the investment you are getting into, if you cannot afford to lose the investment as if you were placing it on a roulette table, then you should not invest in any such schemes. If you have invested into one like this then do your best to recover your investment before those that get out last will be the ultimate losers.
Be wary,in EPI we were pulled in as partners and not investors which meant that as a partner you could not pull your investment out any time soon.
Good luck
J