Local Dollars, Local Sense How to Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity--A Community Resilience Guide |
|
| Author:
| Shuman, Michael |
| Foreword by:
| Buffett, Peter |
| Series title: | Community Resilience Guides |
| ISBN: | 978-1-60358-343-5 |
| Publication Date: | Feb 2012 |
| Publisher: | Chelsea Green Publishing
|
| Book Format: | Paperback |
| List Price: | USD $17.95 |
Book Description:
|
Thousands of people across the nation are taking to the streets to say they're fed up with the reckless behavior of Wall Street. But the vast majority of Americans still have their money tied up there--despite the fact that they might despise some of the corporate deeds their investments support. That doesn't have to be the case, though, says
Local Dollars, Local Sense author Michael Shuman. If Americans transferred just a fraction of the $26 trillion they invest in stocks,...
More DescriptionThousands of people across the nation are taking to the streets to say they're fed up with the reckless behavior of Wall Street. But the vast majority of Americans still have their money tied up there--despite the fact that they might despise some of the corporate deeds their investments support. That doesn't have to be the case, though, says Local Dollars, Local Sense author Michael Shuman. If Americans transferred just a fraction of the $26 trillion they invest in stocks, bonds, mutual funds, pension funds, and life insurance funds to local small businesses in search of funding, average return on investments would improve, communities would strengthen, and jobs would increase dramatically. All evidence supports this. So, what's stopping us? For one thing, SEC regulations prohibit nearly 99 percent of Americans from investing directly in local businesses. People, though, are developing creative ways to get around those rules. And Shuman--an economist, attorney, author, and entrepreneur at the forefront of building local economies--delivers the most thorough overview available of how to invest locally, explaining the options and obstacles and profiling the investors who have paved the way. He describes in detail how people can engage, at all levels, in institutional lending, investment clubs and networks, local investment funds, community ownership, direct public offerings, crowdfunding, local stock exchanges and more. He also guides readers through the lucrative opportunities to invest locally in their homes, energy efficiency, and themselves.