Anonymous
Anyone heard of investing in Agarwood? Is it a legit investment?
How safe is it to invest in Agarwood? Companies such as Mokuzai etc.
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If You're not inside this industry, don't do it.
Choose time honoured investing strategies and invest very longterm,
passive indexing ETFs (world, U.S., China, S-REIT ETFs) would be a simple
but cheap and efficient choice.
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Guo Hao Teo
25 Aug 2019
Self-Taught Enthusiast at Personal Finance
Sounds interesting never really heard of it though. Would be careful on these type of investment sch...
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No. Mokuzai is a scam. A lot of people got cheated of their money but couldn't do anything about it as the perpertrators probably have moved the funds offshore. The owner put up a very elaborate story about how he frequently travelled overseas, usually to Vietnam, for "business transactions" and "sourcing" of materials and buyers.