My friend blew off everything I said, and my warnings. She trusts this company, “to make informed decisions about the land they purchase, because it is their expertise. They have been in business since the 60’s or 70’s and have only had one situation on land that didn’t increase the value to the investors.” They wanted to diversify so earlier this month they moved retirement money into investments with this company, buying land in Arizona and Nevada.
Maybe this is a good situation, but what bothers me is how the planner misled me about the impact of the refinery, and that he has so far refused to provide any of the analysis I requested.
This is a portion of the e-mail I sent to the financial planner:
Mr. Financial Planner,
As far as Yuma appreciating despite the end of the RE boom, it is certainly possible. I am interested in learning how you arrived at your decision.
I am a serious investor, and am looking for places to make a good return.
I would like to request copies of the analysis, feasibility study, and appraisal report. What type of information are you required to provide to investors – I would like a copy of that also. Please provide a list of your prior projects with the rates of return earned on each.
My address is xxxxxx.
Now, let’s see what he sends me, if anything. Maybe this is a great opportunity, and something I can share with all. Maybe this guy is unwilling to disclose the precarious nature of this deal, and is therefore twisting the facts. Let’s follow this story, because it sure is interesting!