rrich
16th July 2010, 03:50 PM
There was a thread about an investment in trees. In theory, the investor purchased a group of saplings. At various intervals the trees would be pruned and thinned. After some time, the thinning of trees would be actual harvesting and thus revenue returned for the investor.
A good theory.
This was discussed here several years ago.
Fast forward to today.
I received an invitation to invest in some Koa trees to be planted and grown on the big Hawaiian island, a.k.a. The Big Island or the County of Hawaii.
The projections, the numbers, everything looked so good and one of those 'You can not lose' schemes. In twenty years the harvest would yield about 10 times your original investment. The too good to be true flag is leading the parade down Main Street.
Well, me being not as stupid as I am ugly, I did some investigation. I found the name of a Hawaiian woodworker that actually carves and uses Koa wood. In an E-Mail, I asked if the projections of this investment were realistic. I got a very short response, "I see no way that they can meet those projections."
So my friends, if you hear of one of these tree harvest in 20 years investment opportunities, please investigate carefully. Please verify through an independent third party.
A good theory.
This was discussed here several years ago.
Fast forward to today.
I received an invitation to invest in some Koa trees to be planted and grown on the big Hawaiian island, a.k.a. The Big Island or the County of Hawaii.
The projections, the numbers, everything looked so good and one of those 'You can not lose' schemes. In twenty years the harvest would yield about 10 times your original investment. The too good to be true flag is leading the parade down Main Street.
Well, me being not as stupid as I am ugly, I did some investigation. I found the name of a Hawaiian woodworker that actually carves and uses Koa wood. In an E-Mail, I asked if the projections of this investment were realistic. I got a very short response, "I see no way that they can meet those projections."
So my friends, if you hear of one of these tree harvest in 20 years investment opportunities, please investigate carefully. Please verify through an independent third party.