Anybody ever invested in wood.

paulthai

Hi, was wondering if anybody knows about investing in wood.
I have looked at a few companys offering up to 25 year investments in teak
and the returns seem very handsome, and tax free.
Cant find out much info on the companys themselves though.
Anyone had any experience? thanks

Reaper

Can't tell you much about it except be very careful who you invest with. "Prime Forestry Group" turned out to be a large scale international scam with Mafia connections and I heard some companies in India doing a runner with the money and never planting any trees.

If, as you say, you can't find much information on the companies you were thinking of investing with then that would sound warning bells to me.

lukekelly_2

Risk-free handsome returns? They don't exist.

greenface

paulthai wrote: »

Hi, was wondering if anybody knows about investing in wood.
I have looked at a few companys offering up to 25 year investments in teak
and the returns seem very handsome, and tax free.
Cant find out much info on the companys themselves though.
Anyone had any experience? thanks

barking up the wrong tree

trenchwars

paulthai wrote: »

Hi, was wondering if anybody knows about investing in wood.
I have looked at a few companys offering up to 25 year investments in teak
and the returns seem very handsome, and tax free.
Cant find out much info on the companys themselves though.
Anyone had any experience? thanks

Money doesn't grow on trees.

greenface

wrong branch of MSE

wombat42_2

Check out Phaunos Timber Fund
http://www.phaunostimber.com

jon3001

Barclays iShares do an ETF which tracks 'S&P Global Timber & Forestry'
http://uk.ishares.com/fund/fund_overview.do?fundId=157882

jon3001

lukekelly wrote: »

Risk-free handsome returns? They don't exist.

Who said they did?

Doomcow

gotta be barkers to invest in that

Pssst

I've got wood