Hello community- I am very new to Peak Prosperity and the mindset of being financially free. I am evaluating Teak and investing in Teak parcels (1/4 acre) in Panama with a 25 year maturity date. Has anyone had experience with the Teak Hardwood company, Teak parcels and investing in foreign countries? Knowledge or information on the vetting process to evaluate foreign companies and the government. I would greatly appreciate guidance, feed back, personal experience.
I see this as a non-commodity. It doesnt seem like something I would invest in. Teak has limited use. Though beautiful and functional, doesn’t have too much in commercial applications other than wood trim for boating and outdoor furniture. I guess you could use it for other things. But you would need to create a market there.. that seems like the cart before the horse.
There are companies that are leveraged is several species of south american hardwoods, that are used commonly now for furniture and flooring. You’d be much better sticking your money there I would think.
1- The likelihood that a shares purchase in a teak plantation in Latin America with a 25 year maturity is anything but a scam is near zero. Why not just send the money to me and I’ll send you a replica of the Brooklyn Bridge made of cardboard?