Land banking investment,8-20% return per year, good?

[Musicwhiz]

I have a $10,000 investment with Walton. Stuck with it for close to 9yrs. It supposed to be sold on the 7th year. My wife keep asking me to sell it off, but I still want to hold on to it, so that I can see if there is an ending to this story.

Hi there,

When you mention "see if there is an ending to this story", does this phrase imply that the proceeds from the investment are not available, or that the promise to compound your money by the 7th year has not been met?

What is the estimated CAGR of this investment over the last 9 years? Is there a computed NAV or "value" for your $10,000 original investment and how has the Company (i.e Walton) satisfied you that everything is still on track?

[specuvestor]

I have a $10,000 investment with Walton. Stuck with it for close to 9yrs. It supposed to be sold on the 7th year. My wife keep asking me to sell it off, but I still want to hold on to it, so that I can see if there is an ending to this story.

I'm also keen to know the 1st person account of the outcome of the story, and also what MW asked. Please do keep us posted.

Sorry if it sounds like we are piggy-backing on you...

[opmi]

Somehow, I feel that Walton is a very high risk/low probability scheme gone right due to oil sands in Edmonton, Canada.
Edmonton is some place where 'birds dont lay eggs'.

I guess if the promoters has foreseen the oil sands boom, probably would keep everything for themselves.

Am I right on the above details? Roughly know only...

[wahkao]

I have a $10,000 investment with Walton. Stuck with it for close to 9yrs. It supposed to be sold on the 7th year. My wife keep asking me to sell it off, but I still want to hold on to it, so that I can see if there is an ending to this story.

pls share more details of your land banking investment

[spidy]

A proper land banking company will help you make money in the long term. unlikely you will lose, just how much profit you take, esp taking into consideration of currency risk.

The short coming of Land banking is that you doesn't know what is the time-frame of the investment, or the return that you will be getting. Therefore, it is very hard for investors to plan their cashflows. However, it is good for someone who is looking at long term investment, 10-15 years or even a legacy for children.

Traditional Land banking has proven to be a very good strategy for long term investment, but as the market moves, and improves, there are alternatives out there, shorter term, fix time frame, and return. one such example you can find:

http://www.investment-sg.com/

[pianist]

I have a $10,000 investment with Walton. Stuck with it for close to 9yrs. It supposed to be sold on the 7th year. My wife keep asking me to sell it off, but I still want to hold on to it, so that I can see if there is an ending to this story.

pls share more details of your land banking investment

so far i never heard anyone holding walton landbanking for so long 9 years, this is the first case..would be keen to know more,

[specuvestor]

A proper land banking company will help you make money in the long term. unlikely you will lose, just how much profit you take, esp taking into consideration of currency risk.

The short coming of Land banking is that you doesn't know what is the time-frame of the investment, or the return that you will be getting. Therefore, it is very hard for investors to plan their cashflows. However, it is good for someone who is looking at long term investment, 10-15 years or even a legacy for children.

Traditional Land banking has proven to be a very good strategy for long term investment, but as the market moves, and improves, there are alternatives out there, shorter term, fix time frame, and return. one such example you can find:

http://www.investment-sg.com/

Wow u probably missed this thread or you have vested interest
http://www.valuebuddies.com/thread-1833-...l#pid19513

We had a more exciting one regarding ecohouse but was forced to close and delete it due to threat of lawsuits. Note that not that we are indefensible of our stance like Roy Ngerng, but more because none of us are interested to fork out money to fight a case where we have no skin in (obviously)

My framework for analysis is on basically 3 layers: Asset, Business and Structure. The problem with these schemes are the structure and specifically the legal ones. There are already so many scams in listed companies with pretty well defined regulatory structure, it will take more than a novice to go into OTC exotic products. Even OTC products sold by BANKS get into trouble. The biggest risk is not business risk or price risk here; it is counterparty risk.

Therein lies why MAS have to step in and say you can only sell to accredited investors who are supposed to be more than novice. Sure i believe there are those who did their homework and had their armies of accountants and lawyers to help him reap huge profits. But like i always say in VB... know thyself and temperament. Most of us have to remember we are OPMI

There is no shame in admitting we are OPMI, bigger shame is when we delude ourself as being more sophisticated than we are (ie beyond our circle of competence) or can leap higher than a vulture fund.

[NTL]

My journey with Walton started from knowing this Walton's salesman during reservist. As you all know, there are plenty of time in between training, so he introduced me to it. After 2 years, and kanna brain-washed for so long, I said to myself, why not give it a try? Afterall, of all the landbanking companies then, Walton was (and still is?) the most reputable and with some track records.

So, I took out $10k to buy a share of land in Ottawa region in 2006. To me, if I don't give it a try, I wont know how it is. (I started investing in shares only in 2007). I was hyper naive then in financial matters. The plan for that plot then was to be sold 7yrs later.

In 2013, update for the land was that the plot was put up to the authority to be re-zoned, and should be complete in 2014. This already fell short of the initial schedule. Recent update is further delay is expected. Thus, now I dunno how much longer I need to wait.

Thus, I hope, that one day, the plot will be finally sold, and. I can get my investment back, and complete this story. As for what is the return like till now, I do not know. I don't like to count my chicks before they hatch. And I don't really track it. Only when it is sold, then I know what is my actual return. So to MW, I won't be able to give you a satisfy answer.

One good thing is, Walton is not a fly-by-night company. They exist longer than those other landbanking company. And that salesman's manager (salesman had left Walton) has been with Walton for at least 6yrs. They are also not in MAS's watchlist. For this reason, I still hold on. If one day, the plot get sold, I will post further update.

[NTL]

As to why Walton want to sell off the land, it is to take quick profit. They don't take the risk with time. They buy suburbs with potential of development at low price, sell off bulk of it at a (much?) higher price, take profit, and move on to buy another plot. Those land they sold, they also retain a certain %, according to salesman. But I guess those % are "free" for them after selling off bulk to the investors.

[NTL]

Somehow, I feel that Walton is a very high risk/low probability scheme gone right due to oil sands in Edmonton, Canada.
Edmonton is some place where 'birds dont lay eggs'.

I guess if the promoters has foreseen the oil sands boom, probably would keep everything for themselves.

Am I right on the above details? Roughly know only...

According to their project update in 2006 (I still have the magazine!), they already seen the potential of substantial investments in Edmonton for oil and gas drilling. Not sure if they saw it when they are selling those land there in 2002-2004.