*** Land Banking Investments ***

[wahkao3]

Yep, I have a friend with Walton and asked him a few questions before. He said that they never promise ANY returns at all, but he would keep saying it's based on their past results blah blah blah that they come up with the estimated returns. That you can get a certain % ROE based on their past performances. Just like Investment-linked insurance policies.

doesnt look very transparent to me

 

[Shiny Things]

funny is thing the other time I had one friend with Walton for quite some time and another one doing MLM, and when we met up the Walton guy was trying to defend himself and say that Walton is not MLM and he himself seemed to be pretty sceptical of MLM

To be fair, he's totally right - Walton isn't multi-level anything. It's a salesman selling unregulated financial products - there's no referral bonuses or anything like that. But just because it's not an MLM program doesn't mean it's not dirty.

 

[havetheveryfun]

doesnt look very transparent to me

whats there to be transparent about ? the point is that they don't ever guarantee anything in black and white, not even your principal sum which you invested (unlike certain insurance policies which still has a guaranteed portion), which means that if anything ever happens, there is nothing you can do either. the risk is 100% on you

To be fair, he's totally right - Walton isn't multi-level anything. It's a salesman selling unregulated financial products - there's no referral bonuses or anything like that. But just because it's not an MLM program doesn't mean it's not dirty.

well I said that because some ppl in this thread commented that it was similar to MLM.

Anyway, he's been doing it for a few years at least already and seems to be doing well, can even afford to purchase his own car. He says that some of his clients have already gotten back their money with profits, and usually they would continue to "renew" or place their money again with him and also refer ppl to him, so he doesn't have to work as hard anymore.

 

[wahkao3]

whats there to be transparent about ? the point is that they don't ever guarantee anything in black and white, not even your principal sum which you invested (unlike certain insurance policies which still has a guaranteed portion), which means that if anything ever happens, there is nothing you can do either. the risk is 100% on you

u mistaken
i am not looking for guarantee, i am looking for transparency.
like the company's credit worthiness
the company's audited financial statements
cost of those land the company paid

 

[tangkw008]

I had made a lot of noise already with Walton since last year.

I was referred from one person to another. All they can say is to wait and wait for my investments to be 'exited' meaning sold to developer.

I even wrote to its parent company - same reply with excuses/explanation for the projects taking longer time to exit with no guarantee.

So my message put was to heed potential investor into land banking. Not to make noise here.

 

[wahkao3]

Just went for some land banking talk. They say track record is 8-20% return per year. Worse case I can get 8% return based on their track record.

Is this a good investment? Anyone try before can give feedback?

 

[havetheveryfun]

Just went for some land banking talk. They say track record is 8-20% return per year. Worse case I can get 8% return based on their track record.

Is this a good investment? Anyone try before can give feedback?

why not u try it for yourself and tell us ?

 

[awful999]

Just went for some land banking talk. They say track record is 8-20% return per year. Worse case I can get 8% return based on their track record.

Is this a good investment? Anyone try before can give feedback?

Never ever invest in land banking, I have one land banking investment for at least 8 yrs, no sign of getting anything back, zero !!

 

[wahkao3]

why not u try it for yourself and tell us ?

at first i thought its some scam
i see the track record, now the returns sound fantastic

something else i missed?

 

[wahkao3]

Never ever invest in land banking, I have one land banking investment for at least 8 yrs, no sign of getting anything back, zero !!

must wait longer?
what did walton telll you?

 

[awful999]

must wait longer?
what did walton telll you?

mine not walton but my friends with walton facing the same issue, if you dont believe just try your luck. Again dont ever never invest in Land bank, if not just like throwing hard earn money in the sea.

 

[havetheveryfun]

mine not walton but my friends with walton facing the same issue, if you dont believe just try your luck. Again dont ever never invest in Land bank, if not just like throwing hard earn money in the sea.

I got a fren who bought into the lowest price point from Walton got his money back n some % returns.. but it was lesser than 8%.. think 3-4% at most.

the person he bought from is my acquaintance, he seems to be doing pretty well though.. say earning more than 3k a month and can afford car.. and that he don't need to slog as much anymore after working 2-3 years, because his customers got back their first investments, will put back into new investment, then he don need to find ppl to buy .. means shld have ppl get back their $ ? of cos, that's just that Walton agent side of the story.. true or not, not sure

 

[wahkao3]

I got a fren who bought into the lowest price point from Walton got his money back n some % returns.. but it was lesser than 8%.. think 3-4% at most.

the person he bought from is my acquaintance, he seems to be doing pretty well though.. say earning more than 3k a month and can afford car.. and that he don't need to slog as much anymore after working 2-3 years, because his customers got back their first investments, will put back into new investment, then he don need to find ppl to buy .. means shld have ppl get back their $ ? of cos, that's just that Walton agent side of the story.. true or not, not sure

3-4%
wtf walton say 8% min is their track record
they pulling my leg is it

 

[havetheveryfun]

3-4%
wtf walton say 8% min is their track record
they pulling my leg is it

well at least he got back his money unlike other ppl...

u go ask the owner lah, if returns so good why don't use all of his money to invest instead of wasting resources to set up the company.. also can sit at home shake leg one corner already

 

[Shiny Things]

Just went for some land banking talk. They say track record is 8-20% return per year. Worse case I can get 8% return based on their track record.

Is this a good investment? Anyone try before can give feedback?

Land banking is always, always a fraud. Either they won't deliver the promised returns; they'll lock your money up for decades; or they'll just run off with it entirely (ahem Profitable Group).

Land banking investors pay five or ten times the market price for chunks of land that nobody else wants to own, out in the far outer suburbs of some posh-sounding city, and once you've bought the land... then what? The land banking company says "oh we'll try to get it re-zoned residential and then you can sell it for a profit", but why would they bother? They don't care; it's not their land any more!

 

[platopus]

Bulls make money
Bears make money
Pigs lose money

Somehow I'm always reminded of this saying especially when I go thru some of the threads these days

 

[wahkao3]

Land banking is always, always a fraud. Either they won't deliver the promised returns; they'll lock your money up for decades; or they'll just run off with it entirely (ahem Profitable Group).

Land banking investors pay five or ten times the market price for chunks of land that nobody else wants to own, out in the far outer suburbs of some posh-sounding city, and once you've bought the land... then what? The land banking company says "oh we'll try to get it re-zoned residential and then you can sell it for a profit", but why would they bother? They don't care; it's not their land any more!

yep, agreed on this.


The 8-20% annualized track record from walton is simply too tempting to pass out. No losses before. They say this track record is audited by reputed firms. I wonder what have i missed......

 

[The Accountant]

yep, agreed on this.


The 8-20% annualized track record from walton is simply too tempting to pass out. No losses before. They say this track record is audited by reputed firms. I wonder what have i missed......

its interesting how Walton can show you a good track record. I was reading the treads in this post and note there are Walton investor claiming not able to receive the capital.

So if you add it together, it sounds like this:
hi there, you have a 20% return this year, but we are not going to give it back to you until we say you can have it. Your money is in our control and you will have to be satisfied with the paper return that i am showing you.

Conclusion:
The question here is not about the return but is about are you able to get back your investment?

 

[wahkao3]

The question here is not about the return but is about are you able to get back your investment?

yes, not getting the money back is another concern

 

[havetheveryfun]

its interesting how Walton can show you a good track record. I was reading the treads in this post and note there are Walton investor claiming not able to receive the capital.

So if you add it together, it sounds like this:
hi there, you have a 20% return this year, but we are not going to give it back to you until we say you can have it. Your money is in our control and you will have to be satisfied with the paper return that i am showing you.

Conclusion:
The question here is not about the return but is about are you able to get back your investment?

coz u don't know wahkao well enough

the decent Walton agents probably wont say until min returns of 8%, at least that's what my friend told me

but of cos, whether they are really "decent" or not for being in Walton is a different issue