This unconventional Guide to Investing in Troubled Times will help you avoid the potentially risky limitations of conventional investment perspectives and help you design an investment strategy that works for you and your household. The next 20 years will not be a simple extension of the previous 20 years. Everything that is currently seen as permanent--the Savior State, the financialized economy, cheap energy-- is visibly unsustainable. Status Quo personal finance strategies--"buy and hold" and global diversification--are doomed by their reliance on increasingly unstable global markets and a myopic focus on the rearview mirror, for the recent past is no longer an accurate guide to the future. Uniquely troubled times require an unconventional understanding and "tool kit" of investment strategies. This comprehensive guide offers practical ideas for everyone, from those seeking to protect 401Ks or IRAs to entrepreneurs to those with more time than money to invest in their future. This book offers a broad spectrum of strategies for investing your human, social and financial capital in low-risk, decentralized, diversified assets that increase resiliency and self-reliance. Topics include systemic risk, the spectrum of potential investments, gold, hedging, relative value, hybrid work, income streams, ecosystems of local enterprise and the essential tools of lower-risk investing.
An Unconventional Guide to Investing in Troubled Times
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Most Helpful Customer Reviews
26 of 28 people found the following review helpful
Format:Kindle Edition|Amazon Verified Purchase
I am a daily reader of Charles Blog, and I respect him very highly for his detailed and critical assessments of our economic situation today. Like most books on investing, the economy, and the link between these two connected topics, I expected a recanting of his Blog articles, which are all insightful, but I feared it might turn out that way, but remained optimistic. Delightfully, I was extremely surprised and happy to find out this book is based on all of work to date, and then some. The ideas, insights and narration are second to none. It is a highly charged book and will be a beacon going forward into the next 3-5 year critical phase of US and Global financial Markets.
It is highly recommended, and I will be a buyer of the hard copy so that I can pass it along to friends when it comes up in September.
Thank you Charles for a great book!
It is highly recommended, and I will be a buyer of the hard copy so that I can pass it along to friends when it comes up in September.
Thank you Charles for a great book!
6 of 6 people found the following review helpful
Excellent book about the Economy and how to mitigate risk, while Investing in profitable assets.
November 30, 2011
Format:Kindle Edition|Amazon Verified Purchase
This book gives you the missing framework for any investment. I highly recommend it to anyone, even if you are not an investor.
When we speak of investments, we are not talking about investing, we are talking about products to invest in or classes of products to invest in such as: bonds, stocks, certificates of Deposits, etc... these are just a portion of what you can invest in.
We tend to identify investing in only a particular class, as described above, with gambling in securities. Gambling here being defined as purchasing a financial vehicle (security) simply on the belief that others' behavior will influence its value and therefore allowing us to make a profit. Example: you buy a stock which is trading at many times its book value (as most of them do) in the hopes that others will do the same therefore allowing you to sell it at a later date for profit. The fact that no value has been created and that the price of the stock moved by reason of fear or some expectation is now the "standard" practice, very few people question this today.
Investing on the other hand is when you have control of the asset and through your efforts you are able to determine its growth in value, thereby increasing its intrinsic value which you can then exchange for a profit. Example: you purchase/create a company which then expands.
I have seen that quite a lot of people gamble in the market while at the same time believing in their minds they are investing. In the USA I have also seen that when you mention the word "invest" ONLY a narrow array of securities come to mind. Through personal experience I know that most people that have "invested" in these types of assets barely make 5% APR if that at all. The author of this book contends that it is actually 2%.
If the above comments surprised you then this book will be extremely helpful since it will explain why this narrow view of investing is actually extremely risky and outside of your control, together with why you are actually getting a low return.
If you are a seasoned investor in paper-financial instruments (securities) such as the ones above, this book will give you the framework that, in my opinion, would allow you to choose those assets with the most profit potential.
Lastly, whether you are a professional investor or not, this book spends quite a bit of time detailing why we live in extraordinary times and why the existing economic-trading models are poised for failure, this you need to know to mitigate risks.
If you belong to the old traditional school of economic thought and standard financial adviser mentality, this book may shock you because it forces you to question the basic foundations of what we were taught or had to learn, however your clients will benefit tremendously from this insight since you will be able to protect them a lot better.
It is not an easy read in the sense that the author is very learned and uses an academic vocabulary, I recommend having a dictionary nearby, however the concepts he illustrates are simple to follow and he does give plenty of examples.
When we speak of investments, we are not talking about investing, we are talking about products to invest in or classes of products to invest in such as: bonds, stocks, certificates of Deposits, etc... these are just a portion of what you can invest in.
We tend to identify investing in only a particular class, as described above, with gambling in securities. Gambling here being defined as purchasing a financial vehicle (security) simply on the belief that others' behavior will influence its value and therefore allowing us to make a profit. Example: you buy a stock which is trading at many times its book value (as most of them do) in the hopes that others will do the same therefore allowing you to sell it at a later date for profit. The fact that no value has been created and that the price of the stock moved by reason of fear or some expectation is now the "standard" practice, very few people question this today.
Investing on the other hand is when you have control of the asset and through your efforts you are able to determine its growth in value, thereby increasing its intrinsic value which you can then exchange for a profit. Example: you purchase/create a company which then expands.
I have seen that quite a lot of people gamble in the market while at the same time believing in their minds they are investing. In the USA I have also seen that when you mention the word "invest" ONLY a narrow array of securities come to mind. Through personal experience I know that most people that have "invested" in these types of assets barely make 5% APR if that at all. The author of this book contends that it is actually 2%.
If the above comments surprised you then this book will be extremely helpful since it will explain why this narrow view of investing is actually extremely risky and outside of your control, together with why you are actually getting a low return.
If you are a seasoned investor in paper-financial instruments (securities) such as the ones above, this book will give you the framework that, in my opinion, would allow you to choose those assets with the most profit potential.
Lastly, whether you are a professional investor or not, this book spends quite a bit of time detailing why we live in extraordinary times and why the existing economic-trading models are poised for failure, this you need to know to mitigate risks.
If you belong to the old traditional school of economic thought and standard financial adviser mentality, this book may shock you because it forces you to question the basic foundations of what we were taught or had to learn, however your clients will benefit tremendously from this insight since you will be able to protect them a lot better.
It is not an easy read in the sense that the author is very learned and uses an academic vocabulary, I recommend having a dictionary nearby, however the concepts he illustrates are simple to follow and he does give plenty of examples.
14 of 18 people found the following review helpful
Format:Kindle Edition|Amazon Verified Purchase
This is a must read for all even remotely concerned about the future of our economic landscape and is truly unbiased. Charles has a rare talent for explaining the difficult situation we are all faced with today, and offers real advice anyone and everyone can benefit from...highly recommended.
His website/blog is also a staple in my daily "sanity check" in a otherwise left/right world of misinformation and biased reporting. He tells it like it is, period. Thank you Charles for your tireless work, you are a true journalist and really make a difference.
His website/blog is also a staple in my daily "sanity check" in a otherwise left/right world of misinformation and biased reporting. He tells it like it is, period. Thank you Charles for your tireless work, you are a true journalist and really make a difference.
Most Recent Customer Reviews
Stream of consciousness, and long
This book has some good information in it, however, I just couldn't finish it.
This book is written in an almost "stream of consciousness" fashion. Read more
This book is written in an almost "stream of consciousness" fashion. Read more
Published 1 month ago by Michael Colligan
Great read
Book has great points to consider. There are numerous analogies along with real world examples. Any person who wants to consider themselves a knowledgable investor should read this... Read more
Published 1 month ago by Mac
Yawn; return to the 14th century, buy gold, follow orders from the...
This book tries to make it sound like you'll get some useful advice about the modern economy. Instead it's the usual nonsense about gold being the secret to wealth. Read more
Published 4 months ago by jjnbos
One of the most useful books giving specific advice on how to deal...
I have read a number of books about the coming economic catastrophes due to our massive overspending, debt, loss of cheap energy, etc. Read more
Published 4 months ago by Ben13
Wordy
Some interesting ideas that will prove useful if you should happen to live into the next century (or the one after that). Otherwise, very, very wordy. Read more
Published 8 months ago by Regis J. Reynolds
Great book
Really enjoyed CHS's follow up to "Survival +". Clear overview of current economic conditions combined with practical advice for protecting and building wealth as the long cycle... Read more
Published 9 months ago by Ralph Witherell
Another Great Book from CHS
Interesting follow-up to his previous books. As expected, this is not about how to spread risks between stocks and bonds, but about much more.
Published 9 months ago by Y. Falkson
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