Rule number one of investing. NEVER invest in anything you don't understand completely. If it sounds to good to be true, it probably is not true. If you have never bought and sold stocks, an untraded stock that has zero liquidity, is not a place for the faint of heart.
Unless you trust this person with your life and the money you invest is never going to be needed so that if you lose it all, it's not a problem, walk away. No, run away.
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Life is to short to drink cheap wine.
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