After emails/phone calls to representatives, as well as hours of Internet forum, social media and Web research, I learned the truth about Pacific Tycoon.
As a private investor I do much of my own research, formulate many of my own investing strategies and make all of my own decisions to invest, or not. Because of this, I have been known to take weeks and even months to formulate an opinion about an investment opportunity. Would I say that I am immediately apprehensive about new investment offerings? No. Cautious? Definitely. The most recent example I can give you is shipping container investing and a company called Pacific Tycoon.
Contrary to what many investors would believe, shipping container investing is not new. Up until just recently (5 years), they were a carefully guarded secret of wealthy investors and well-established investment firms. When the markets tumbled in 2008, investors and financial institutions pulled their profitable (and unaffected) investments out of the shipping industry, to cover the sizable losses sustained in other markets. This left asset management companies like Pacific Tycoon, looking for new investors for their low-risk, high-yield investing opportunities.
As an investor who is always seeking an alternative to traditional investing strategies, I was completely open to this profitable opportunity and eager to learn more. For weeks I carefully studied the shipping industry's history, forecasts and projections, to get a true picture of the global economy and measure the international demand; for myself. Pleasantly surprised by the results, I set out to determine the truth about Pacific Tycoon and the depth of their offerings, before I made the decision to invest.
After numerous emails and telephone calls to the company to speak with representatives, as well as hours and hours of Internet forum, social media and website research, I was left with an enormous amount of conflicting information; making it difficult for me to determine if it was a scam or not. The only thing that was for certain was that there was ABSOLUTELY NOBODY who had ever been ripped-off by Pacific Tycoon. The only consistent thing I found was happy investors, talking about their great investment experience with container investing and Pacific Tycoon. Did I invest with the company? Judging by the manner in which investors have been treated in Internet forums recently, I am afraid to say. ;-)