We’ve all heard the old axiom: If it sounds too good to be true, it probably is. And it seems like a good rule to keep in mind whenever you see a super deal being offered.
But I don’t think of it that way. I’d rather say that if it sounds too good to be true, it requires an extra level of scrutiny.
After all, I’ve benefitted from quite a few investments that were “too good to be true”, such as land parcels in Ecuador, apartments in Montevideo, or beachfront homes in Brazil. To me, “too good to be true” doesn’t rule a deal out… it simply calls for an extra level of caution.
That’s why I decided to travel to the Simply Natural mango plantation last week. The forecasted 17% returns are enticing… but I really had to see the operation for myself before being convinced that the operators can pull it off. Continue reading