GWD Forestry investment

silver campaign

http://gwdforestry.com/

Has anyone ever had any experience with this type of investment or company? Basically you invest €5- 10 K in a forestry project that they manage in Canada or Brazil. They are claiming returns after ten years of €14000 if €5000 invested. Just wondering if they are legit or what the risks are. Any idea how I could do some research into the company?

FWIW, I am fairly familiar with the Irish forestry industry as my family has had plantations and harvests in the past.

lucky john

Very hard to know with a company that are based so far away. If you have forestry experience in Ireland then you will know the company linked below. I can't vouch for the investment but the company are 100% legit and around a long time.

http://www.greenbelt.ie/investments/investment-opportunities/central-america.html

silver campaign

Thanks, I didnt realize greenbelt had a similar product. I'll look into that.

The Novice

I have also done some research on this company as I was sent some impressive emails about their earning potential. They claim to work with Christmas trees in Canada and yet their contact number is Spanish and there is no office address where you can go and meet them or more likely trace them down when they do not deliver the promised repayments. The latest email I received told me I could turn 9800 to 28000 by 2024.
Returns like that are not realistic. I have invested in shares, and the foreign exchange quite extensively and I can say if I can find an investment that gives me an annual return of 10%, I am already delighted. Get rich quick schemes involve investers getting poor quick and scammers getting rich quick.

yeyeye

I have heard of a Brazil scam alright where they were using the money to invest in coconut trees which is apparently booming over there. However the returns turned out to be too good to be true and it was a scam.

johnnylismore

I clicked on their advertisement on Facebook and was sent an email which showed their impressive returns. Has anyone got an update on how legit this operation is. Thanks John

daheff

having seen all the misselling of forestry funds over the past 10-15 years (and thankful I didnt pull the trigger), i'd be very very wary about investing in any of these.

Dionysius2

'Twould be nice to get some feedback from an investor who has already dipped a toe in this investment as offered and gained some experience. My last experience related to a small property purchase in Dubai which ended rather badly for me/us.
More care with my next outing !

Harry Palmr

Stay out of forestry - big projections, small returns and your money is tied up for a long time.

Nody

Dionysius2 wrote: »

'Twould be nice to get some feedback from an investor who has already dipped a toe in this investment as offered and gained some experience. My last experience related to a small property purchase in Dubai which ended rather badly for me/us.
More care with my next outing !

Very broad global index fund with fees below 0.2%; it's what 95% of the population should invest in if anything.

Bogroll

Have had similar requests from GWD. I read an article in the sunday times this weekend about a similar operation selling xmas trees in Canada. they actually had no trees there at all. I think they had an office in cork.
so id stay well clear of it.

scheister

not the same company but saw this morning on RTE http://www.rte.ie/news/2017/0207/850691-land-forestry-fraud-roscommon-laois/

Harry Palmr

Heard about that on Morning Ireland - No Irish buyers conned.

Red Dog1

I am at present a client and have been for several years. In my experience, GWD appears to be very poorly managed. The performance results and scheduled payouts have not been timely or according to their published conservative anticipated returns so far. Getting them to pay anything on my account has been difficult, to say the least

phileasphog

I have invested about 20,000 euro in acacia and coconuts since 2010 and have not received one single payment despite amounts being due since 2015 and despite receiving multiple promises of payment.
 

Greenwood / GWD communication and transparency are very poor.

positron

yeyeye wrote: »

I have heard of a Brazil scam alright where they were using the money to invest in coconut trees which is apparently booming over there. However the returns turned out to be too good to be true and it was a scam.

As someone who grew up in a house surrounded by 100 coconut trees, in a state that was named after coconuts - I can tell you there's no way someone could get rich with coconut trees (unless they have found a miracle use for coconuts in last 3 hours that I don't know of). A single coconut fetches about 27 cents in the retal market there now. It used to be about 10 cents back in.. wait for it.. 1990! Every part of the coconut tree is useful in one shape or form - that I can vouch for from my own experience - but making large amounts of money is not one of them, unfortunately.

Shaymoboy

Same here, I too have stupidly invested in Greenwood / GWD since 2011. Very poor service and no updates on investment progress. No confidence in the service. Turnover of staff very high.
Would any other investors be interested in joining force as a group to see can we take collective action?

rgossip30

positron wrote: »

As someone who grew up in a house surrounded by 100 coconut trees, in a state that was named after coconuts - I can tell you there's no way someone could get rich with coconut trees (unless they have found a miracle use for coconuts in last 3 hours that I don't know of). A single coconut fetches about 27 cents in the retal market there now. It used to be about 10 cents back in.. wait for it.. 1990! Every part of the coconut tree is useful in one shape or form - that I can vouch for from my own experience - but making large amounts of money is not one of them, unfortunately.

The trees need to be old to use the wood and it does rot quickly .

Brindsley Den

Shaymoboy wrote: »

Same here, I too have stupidly invested in Greenwood / GWD since 2011. Very poor service and no updates on investment progress. No confidence in the service. Turnover of staff very high.
Would any other investors be interested in joining force as a group to see can we take collective action?

I too have invested in both Christmas trees and Acacia. I received payments for christmas trees harvested in 2014 and 2015 but nothing yet for 2016. I was also due a "thinning payment" 3 years ago for the acacia but nothing yet! I was told someone did not get the proper licence to bring the wood from the forest to the road.

Gally2017

Shaymoboy wrote: »

Same here, I too have stupidly invested in Greenwood / GWD since 2011. Very poor service and no updates on investment progress. No confidence in the service. Turnover of staff very high.
Would any other investors be interested in joining force as a group to see can we take collective action?

Hi there,

I certainly would as it is a complete joke. Should never have fallen for the bull****. Invested 2K last year and was supposed to get 500 in March 2017 but got nothing. Now the communication has gone dead.

My advice is to say away from these jokers.

Regards,

Gally.

irishdarling

I am trying to get in contact with the owner of GWD Forestry Gordon Sampson if any one has his contact details can they send them as a private message to me

Shaymoboy

We've set up a Facebook group now for investors who have invested with GWD Forestry (previously known as Greenwood Management) and have concerns about their investment.

All welcome, you can join group here - https://www.facebook.com/groups/GWDForestry/

ProfA

I am in the same boat regarding GWDForestry and have the sinking feeling I've been scammed.  I would like to join with others, but I don't use Facebook...