Yes I am talking about mangoes, the favorite fruit of many. Last year, I came across investment information on how one can buy or invest in a single mango tree for Php 30,000 ++ and as the tree grows and bear fruits, you will receive investment income each year.
The tree starts bearing fruits after 6 years, and at around the 10th year you would have 100% ROI. The tree continues to give you income up to 50 years - which means that even if you are just lazing around for 50 years, you continue earning passive fruity income. Returns range from Php 10,000 to Php 50,000 annually. So buying lots of mango trees seems a clever idea.
The company/business/organization behind this is Golden Harvest. I found their website at http://www.goldenharvest.com.ph. In the website, there is no mention of initial investments but I researched online and found some information from its early investors.
I asked my mom about it since it seems a very good type of investment to put money into and she said that like all investments, we've got to investigate, study, and be cautious. Their office is in Ortigas so if you want to know more, you know where to find them.
There are also commissions for referrers and sellers of the mango trees but I am not one of them :)
If you would like to share some information about Golden Harvest, please do leave a comment after this post.
Saturday, March 1, 2008
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