Wow All This for me

Gee Bob,

Just got my distribution check for April. The K Fund returned a whopping .001%. That hefty dividend on my initial investment of $150,000 provided my family and me with
$150.00. That's correct the decimal is in the right place. One Hundred and Fifty Dollars. I used to think I could get my money back in 28 years (see earlier post) I am now looking at approximately 77 years assuming Bob and Co can at least maintain the .001% for that many years.

Which to be perfectly honest is probably a big stretch. In the same April 18 Investors letter where he talks about the Saphire project being worth $3-4 billion, they also announce the suspension of dividends for the L and N Funds.

This really sucks for me because I happen to also own the L fund. So the only thing worse than getting a small dividend check is getting no dividend check at all. Holy cow. To think only having to wait 77 years that sounds a lot better than my L fund. Looks like I will never see that $150k.

At least after almost 3 years I got 17% of my initial return back. Thanks you SOB.

One piece of "good" news. Bob and the gang gave me .003% on my M fund. That's $450.00 smackers to you my friend. Brings my grand total of the M fund to 7.9% of initial investment. This means if my math is correct, I should have my initial investment back in approximately 25 years. So much better than the lame K fund. Ha!

While we are at it let's check out the Blutarsky Funds. Those are the Ridgewood funds that have returned 0.0% aka John Belushi in Animal House. There are seven of those funds. Count em folks 7. Wonder what Bob and company are doing with all of that money. Wow.

Anyway it's another exciting month here at the Ridgewood Rip Off blog. I really feel like Swanson and the gang must sit around and laugh all day. How else to explain such a dismal an awful investment company.




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