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Title: Building a Financial Fortress
Subtitle: Lessons From the Great Recession for Savers and Investors
Author: Nick Reichert
Narrator: Jason P. Hilton
Format: Unabridged
Length: 2 hrs and 28 mins
Language: English
Release date: 10-13-14
Publisher: Nicholas A Reichert
Ratings: 3.5 of 5 out of 2 votes
Genres: Business, Personal Finance & Investing
Publisher's Summary:
This audiobook is a re-publication of a blog I started in the depths of the Great Recession in March 2011. During that time, as I agonized over investing, saving, and potential job loss, I developed an investment philosophy I dubbed the Financial Fortress and wrote a series of posts about it along with other posts about specific asset classes, investment strategies and related topics.
My two biggest successes have been in real estate and precious metals. During the Great Recession, I made some aggressive moves, using retirement savings, to purchase distressed condominiums in Orange County, California. In addition to enjoying positive cash flow while I owned the properties, I have just completed one sale and have a second one in escrow, doubling my money in five years. I also made an aggressive move into silver (US Silver Eagle coins) to watch them triple in value, at which time I sold individual rolls on EBay and kept the rest for future appreciation.
The essence of the Financial Fortress is that as savers and investors, we need to first have a strong defense before we can have a strong offense. As volatility in world markets seems to worsen each year and booms/busts become more intense, preservation of capital is paramount but so is finding opportunities to leverage what we have in order to grow our wealth.
Members Reviews:
Prescient Financial Security Book
This is a startlingly readable book for folks looking to become wealthier, or simply make themselves less subject to the whims of the marketplace. Often business books, especially investment books, can be quite dry. Not so with this one; the author demonstrates a real flare for writing. Many business books are also somewhat impenetrable to folks who lack the necessary aptitudes. Again, not at all true here. The author ably walks the most business-challenged individual through concepts which may be entirely foreign to them.
I found myself thinking throughout, âWhy didnât I stumble on this much earlier in my life! What a difference it would have made.â Mercifully, with the advice the author doles out, even late starters can do much to improve their lot, even in this disheartening economy. All the more so as the guidance offered is specifically geared to shockproof you through the worst of recessions.
Three Stars
I don't routinely leave reviews
A Kindle Keeper
Excellent book full of smart advice. Essential reading for anyone who wants to get financially organized. I'm keeping this one in my Kindle for a while. I hope the author produces a revised version when the time comes because this is one of the best of its kind.
Information You Can Use
ÂThis is a five star book packed with information for a successful financial life. You will find a wealth of information here from the stock market to bonds to Obama care to investments to even coupons. There was so much Thought provoking info. If you are thinking of investing in anything for security it's here. If you haven't thought about it, this book should be your first stop to building your financial fortress.
Unnecessarily wordy, the info is dragged out with a ...
Outdated info. It may have been published in 2014 but was written in 2012. Unnecessarily wordy, the info is dragged out with a ridiculous number of charts and graphs.