The Revolution in Local Investing and How to Profit from It
By Amy Cortese
(John Wiley & Sons, Hardcover, 9780470911389, 252pp.)
Publication Date: June 2011
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In the wake of the financial crisis, investors are faced with a stark choice: entrust their hard-earned dollars to the Wall Street casino, or settle for anemic interest rates on savings, bonds, and CDs. Meanwhile, small businesses are being starved for the credit and capital they need to grow. There's got to be a better way.
In "Locavesting: The Revolution in Local Investing and How to Profit from It," Amy Cortese takes us inside the local investing movement, where solutions to some of the nation's most pressing problems are taking shape. The idea is that, by investing in local businesses, rather than faceless conglomerates, investors can earn profits while building healthy, self-reliant communities.Introduces you to the ideas and pioneers behind the local investing movementProfiles the people and communities who are putting their money to work in their own backyards and taking control of their destiniesExplores innovative investment strategies, from community capital and crowdfunding to local stock exchanges
With confidence in Wall Street and the government badly shaken, Americans are looking for alternatives. "Local investing" offers a way to rebuild our nest eggs, communities, and, just perhaps, our country.