The Shipping Magnate

Written By Guest User

Hi Barefoot,

I am currently looking at making some investment decisions for the next 3–5 years to save a healthy deposit for a first home. An option I am considering is to purchase shipping containers (at least four). Of the companies I have researched, the terms are: $5,000 per container, 5 year minimum hold, sell-back at full purchase price (capital preserved), 9.75–12 per cent fixed lease options, paid monthly if four or more owned. You always say ‘when something sounds too good to be true, it is’. Thoughts?

Martin

Hi Martin,

You’re talking about an unregulated investment -- meaning you have no protection if it all goes pear-shaped. I’d be as tempted to invest in this as I would to live in a shipping container.Yes, it is too good to be true.

Scott

Guest User
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