donzelion

Dividend Investors Watch Out

I lost 30% on IP before pulling the plug last week. Timber did quite well during times of high deflation and inflation; it's a contrarian store of value (far more useful than gold). The industry is labor intensive, particularly when it is practiced with a modicum of good stewardship over the land - so it seemed like a politically apt choice. Finally, saving responsible companies like IP is prudent: in timber, most of the worst offenders are companies striving to pay off debts quickly by pillaging the land.

The gamble? Debt load. IP made the same blunder so many other companies have made. Now, if only I could find a good alternative timber REIT with low fees...