People invest in a lot of things ranging from real estates to stock markets and they do this for one sole purpose, which is to get rich. The returns that people get on investing their money decides the investment opportunity as a successful one or a failed one. There have been economic turmoil’s across the globe and no matter what the population invested in, there was a failure attached. But, there is one such investment opportunity that was seen as a wise one by James Piccard in late twentieth century. The option of investing in shipping containers and the firm was named as Davenport Laroche Investments.
The Background Story of Davenport Laroche Investments
The development and introduction of Davenport Laroche Investments was by an accident that has caused to be fruitful for James Piccard and his team. The accident of economic turmoil that happened in late twentieth century offered an opportunity for investments to be made in the shipping containers industry. The best part about these containers was that they were fully insured against any kind of loss and damage. The firm got into the leasing business of containers wherein they provided containers to major transportation and logistics companies. The part of the deal that attracted investors to this business was that it guaranteed a hundred percent preservation of capital, and the insured containers gave the investors assured monthly returns which were paid to them in cash.
Benefits of Investing In the Davenport Laroche Investments Business Model
Although, the business that revolves around logistics are not considered very profitable and stable but, the davenport model developed by James Piccard offered the investors the following advantages:
- Insurance of all containers that the people put money in, were completely insured thus, guaranteeing assured return of capital money invested in this business
- The rentals from each container assured that everyone who invested money in this business got cash returns every month
No matter, how bleak the future of the globe seemed post economic recession scenario the Davenport Laroche Investments model changed the way world looked at investments concerning logistics and carrier methods.