Put Your Money Where Your Life Is

Put Your Money Where Your Life Is
Author: Michael H. Shuman
Pages: 240 pages
Edition: 1
Language: English
Publisher: Berrett-Koehler Publishers
Publication Date: 2020-06-02
ISBN-10: 1523088907
ISBN-13: 9781523088904
Book Description
“As so many Americans feel powerless to confront a financial system designed to serve the few, Shuman offers us real choices: tools that align our lives with our values. That’s power. I love this highly readable, timely, surprising book.”
–Frances Moore Lappé, author of Daring Democracy and Diet for a Small Planet
Americans agree on very little these days, but red state conservatives and blue state progressives can agree on one critical point: Wall Street can no longer be trusted. Yet most of us continue to invest our money in the stocks and bonds of Fortune 500 companies, transferring our capital far from where we live and work. Local investing expert Michael Shuman offers another alternative. He shows how we can use two well-established–but rarely used–investment tools to keep our money close and get a return as good as or better than what we’d get investing in distant, indifferent corporations.
Shuman explains the nuts and bolts of self-directed IRAs and solo 401(k)s and how they can be combined with other recently legalized local investing tools. He details how to set these accounts up, identify and evaluate a whole range of local investment opportunities, and make sure account holders stay on the right side of the law. While the book is written for people without a lot of investment experience–Shuman explains concepts like “liquidity” and “diversification” in simple terms–even if you’re as experienced as Warren Buffett, this book will make you rethink everything you know about investing. With Shuman’s expert advice, you can strengthen your investment portfolio and your community, neighborhoods, and schools at the same time!
Preface
Introduction
CHAPTER 1: Putting Your Money in Your Life
CHAPTER 2: Caring about Local
CHAPTER 3: Investing Locally
CHAPTER4: Beating the Street
CHAPTER 5: Introducing DIY Accounts
CHAPTER 6: Setting Up Your Account
CHAPTER 7: Identifying Local Investment Opportunities
CHAPTER 8: Evaluating Local Investments
CHAPTER 9: Screening Out Prohibited Transactions
CHAPTER 10: Administering Your DIY Account
CHAPTER 11: Preparing for the Future
Notes
Resources
Acknowledgments
Index
About the Author