Own a Fraction, Earn a Fortune: The Complete Guide to Co-investing in Art and Collectibles: How to Generate High Returns from Collectibles Through Fractional Ownership Kindle Edition
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A beautifully written book on Collectibles and how to invest in them to reap the maximum benefits for the long term future. The title of the book is apt and it is explained in-depth. Sample frameworks and a strategy on how to invest in Collectibles are also explained in the book. - The International Review of Books
Own a Fraction, Earn a Fortune reveals useful specifics about investment areas that people don't often know much about...Collectibles are driven by personal interest and ability, so an investment in a specific area may depend on where you find your joy and excitement, but a book like this sure would be a good place to start. - Independent Book Review
An absolutely comprehensive and fascinating delve into the world of collectibles investment, and an 'all you'll ever need' kind of guide. Packed with professional advice from an avid collector-investor, this read offers something to beginners and seasoned dealers, and will have you itching to start amassing your own fortune. Highly recommended for anyone even the slightest bit curious about the world and the beautiful objects we create within it. - Self-Publishing Review
About the Author
Previously, he was a partner with Capricorn Partners, delivering a range of risk management,portfolio review and data analysis solutions to premier players in the financial industry.
Over the last 25 years he held a variety of roles that allowed him to gain an appreciation of the art of investing from multiple angles: launching two hedge funds in alternative fixed income space, actively managing assets across multiple strategies, creating portfolio evaluation tools, implementing asset allocation and portfolio construction programs for multiple for UHNW families,and serving as a trusted advisor to top US and global financial players.
Michael holds a B.S in Economics from Wharton School of Business and an MBA from Columbia University Business School. He is also a holder of Chartered Financial Analyst (CFA),Chartered Alternative Investment Analyst (CAIA) and Financial Risk Manager(FRM) designations.
His hobbies, apart from his passion for collectibles, include travel, poker, scuba diving, playing guitar and writing poetry.
- ASIN : B08QB9KRFX
- Publication date : December 9, 2020
- Language : English
- File size : 3492 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Not Enabled
- Print length : 294 pages
- Lending : Enabled
- Best Sellers Rank: #346,865 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
Top reviews from the United States
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The focus of this interesting book is on fractional ownership, but before leading the concepts and advice on his novel way of making money, Michael states, ‘The 2020 coronavirus pandemic has sparked a wave of widespread panic, rapid sell-offs in global financial markets, and tremendous uncertainty about the shape of the world to come. In anticipation of recession, there was, as is often the case in uncertain times, a trend of people monetizing their collectible assess to make sure they are liquid in the event of a prolonged crisis. These treasures have not only served their key function of preserving and growing value over time, but also have proven to be a valuable device to weather the stormy conditions in times of uncertainty. Unique assets can he an invaluable tool in every investor’s toolbox, but as of today, they still remain largely unknown, misunderstood, and underappreciated.’ Michael takes on this opportunity to inform by stating that he wrote this book to ‘help both individual and institutional investors understand the nuances and benefits of the collectible asset classes so they can make well informed financial choices and stay ahead of the curve by learning how to most effectively uses collectibles to build wealth.’
Offering a fine history of the art of investing, the book launches into a fascinating and timely topic of fractional investing in collectibles - ideas that likely have not occurred to many of us until now – items such as Sports Memorabilia, Trading Cards, Comic Books, Cars, Watches, Art, Stamps, Sports Jerseys, Photographs, etc. As he states, ‘Realize superior profits independent of stock market performance by including collectibles in your investment portfolio and how to use fractional ownership platforms to unlock access to collectible investments which were once unobtainable.’
Michael’s manner of writing is easy to follow and understand (and incorporate!) as he guides us through an area of investments of familiar categories as well as emerging and future collectibles (items based on high tech, AI, genetic art, androids…). ‘Luxury goods won’t just hold value; they will appreciate over time.’ This is a fine instructional guide as well as a primer on Investing! Recommended. Grady Harp, December 20
Fractional Ownership allows you to have the utilization of the things you wish for without the headaches, expense and responsibility of full ownership. With fractional ownership, an expensive asset is jointly owned with a group of other individuals; each individual owns a proportional share of the asset and has clearly defined rights and privileges pertaining to the utilization of the asset. A management company usually provides the stability and structure to allow share owners effortless and predictable access to the asset.
This idea has been around a long time, but now that I’ve read Own a Fraction, Earn a Fortune, it has piqued my interest again, especially in these uncertain times. As the author wisely states: ‘After reading this in-depth guide you will know how to realize superior profits independent of stock market performance by including collectibles in your investment portfolio and how to use fractional ownership platforms to unlock access to collectible investments which were once unobtainable. Highly recommended reading.
The unique assets could be defined as rare musical instruments, coin collections, art, rare baseball cards, books, etc. The idea is to own a fraction of the estimated value of these rarities and therefore become a shareholder of these particular unique treasures.
The book begins with an historical perspective on the advent of the stock market and the premise of purchasing a fraction of a company through stock purchases. The same concept spills over into the purchase of a fraction of these collectibles.
It also shares specific real-life incidences where treasures were purchased at a minor cost and were soon discovered to be rare finds and in many instances the return on the investment was incredible. The incredible stories will create anticipation as to the possibilities of finding and investing.
The book is a comprehensive primer that will take the interested reader through the whole process of understanding this unique investment strategy and also lays out a clear understanding of what the book will not do for the reader. Some of those identified points that the reader will not learn include a rigorous analysis of diversification benefits to their portfolio, an in-depth history of each asset class or the tools needed to become a professional investor in a specific sub asset class, etc.
Some of the various chapters include the factors that drive the value of a unique asset, how the assets are divided into various categories (art, jewelry, cars, watches, comic books, etc.) the fractional ownership framework, portfolio construction, etc.
Own a Fraction, Earn a Fortune: The Complete Guide to Co-Investing In Art and Collectibles by Michael Fox-Rabinovitz is as unique as its topic of owning a fraction of valuable assets to round out one's financial portfolio. It is an exciting read and one that is recommended if the individual is looking to invest in items that literally have stood the test of the time.