Author Michael Fox-Rabinovitz, earned his degrees in Economics from Wharton School of Business and Columbia University Business School, and is Managing Partner of Chartwell Capital LLC. He has also been a partner with Capricorn Partners (risk management, portfolio review, data analysis), and has experience launching hedge funds and managing assets for UHNW families (Ultra High Net Worth).
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
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