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Locavesting: The Revolution in Local Investing and How to Profit from It
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Locavesting: The Revolution in Local Investing and How to Profit from It

3.89  ·  Rating Details  ·  114 Ratings  ·  21 Reviews
How individuals and communities can profit from local investingIn 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 ...more
Hardcover, 252 pages
Published May 23rd 2011 by John Wiley & Sons (first published May 4th 2011)
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2013 A
31st out of 109 books — 12 voters
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2014 Themed
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Janet
Apr 10, 2011 Janet rated it it was amazing
UPDATE:
I read this book in a day, which should be taken as a testament of how interesting it was. Cortese outlines a variety of ways in which we can (or eventually will be able to) have a more active role in investing in local projects and companies. We're on the brink of a revolution and I'm eager to see how the approaches described in this book will play out over time.

From March 2011:
I cannot wait to read this! Sounds right up my alley and right in line with the work I'm doing for We Are Athe
...more
Chris
Sep 30, 2015 Chris rated it it was amazing
Amy Cortese promotes investing a portion of your money locally. Via the multiplier effect, such investments support your neighbors, are much safer for your money than you might think, and provide intangible rewards, and personal involvement with ideas or individuals that you favor.

Also, the NYSE is taking us all away from capitalizing a company that grows America. Money here is as likely to end up with Volkswagon, a derivative, Bernie Madoff, or a company exporting jobs to Mexico.

The SEC is try
...more
Steven P.
Jun 04, 2012 Steven P. rated it really liked it

This is a thought-provoking book. I tended to think about maximizing the financial return from my investments, and using a portion of that to support the causes that I care about. This book challenges you to think more about the investments themselves. "Locavesting" by analogy to "Locavore" is about investing in your own community. Amy Cortese makes the case for why it's a good thing (supports jobs in your community, and local patronage keeps money in the community more than chain-store purchas
...more
Jacqui
Sep 06, 2012 Jacqui rated it really liked it
The first part of the book laid out the case investing more in our small businesses, and the ways in which current securities regulations make that difficult. The second part of the book talks about a bunch of different efforts being made to work around that.

I like the emphasis on building not just individual businesses, but communities of mutual support. One instance is a group of cops who pooled together to buy a bakery that was going under, because they didn't want to see yet another empty s
...more
Eric
Jun 18, 2012 Eric rated it it was amazing
I bought Amy Cortese's book last summer, started reading and got so excited I had to put it down. Chocked full of energy and ideas, this is a book worth reading, re-reading, and sharing. Her call to "rethink the way we invest so that we support the small businesses that create jobs and healthy, resilient communities," offers the sort of practical and specific success models most books along these lines (Business? Not sure which category it belongs, but it's definitely non-fiction; Business-Help? ...more
Ryan Johnson
Jun 02, 2014 Ryan Johnson rated it it was ok
Shelves: non-fic
We have heard about eat local and buy local movements before. In this book the author makes a case about investing locally. She outlines some of the flaws in our current investing system (which siphons money out of communities and into national/global markets), describes how we got into these circumstances and away from our investing roots, and proposes some personal and systematic changes we can implement to get money back into our localities moving forward.

At times the financial jargon made m
...more
Du
Sep 30, 2011 Du rated it really liked it
Shelves: planning
While not original in thought, this book has the right information to be part of a revolution. It focuses on the idea that if you value more of a return on your investment than dividends, you should look to place your investment money in local opportunities. The book then gives some realistic, and some idealistic suggestions for those opportunities. The layout and format is very useful with full description and examples of the funding options, with a summary at the end of each chapter. I would h ...more
Ben Sowell
Jan 25, 2012 Ben Sowell rated it really liked it  ·  review of another edition
Shelves: 2012, kindle
I would probably give this 3.5 stars if I could. It surveys a number of different financial mechanisms for local investing, and discusses the advantages and disadvantages to both investors and companies seeking capital. I learned something reading this, particularly about the challenges that small companies outside the tech sector face when raising capital.

I was a bit worried that the author would sacrifice data and detail for a sort feel-good advocacy, but in the end I thought she did a fairly
...more
Jeff
Mar 27, 2012 Jeff rated it liked it
I'm no banker or economist, but there is a lot in this book I would like to try. I got a little tired of her telling us again and again how big banks are bad, how the current stock market isn't a way for small firms (who create all jobs) to raise capital, etc. I don't think there's many of her ideas I can use now in my local area. It would be different if I lived (like she does) in Brooklyn, NY. I think community leaders, community-minded bankers, and small business owners looking to expand shou ...more
Elizabeth
Jan 17, 2012 Elizabeth rated it it was amazing
Excellent overview of various ways of investing locally. Each method is illustrated with examples of how it works, definitions, and a perspective of some of the pros and cons of the approach.
One of the best things about the book is that each chapter ends with a concise set of information on resources/next steps you can take to get involved in that particular local investing approach.
Excellent resource. I had read it on my own last summer, and now it's assigned reading for my capital markets cla
...more
Ariah
Jan 18, 2016 Ariah rated it it was amazing
Shelves: 2015
Not as tangible to my work as I'd like, but really interesting info on local economies and different ways to think about how to invest and encourage investing in our community.
Benjamin
Mar 01, 2012 Benjamin rated it liked it
Fair. The book was fair. Some of it was really good. It is mostly promoting the idea of local investing, and explaining why the traditional kind is so terrible.

I would also give it 3.5 stars if I could. I would like to see a guide that shows more of the ways that individuals can get started, explain how to do research, and give a way to keep tabs on the movements that are opening up the investment market.

Joshua Kyle
Jan 16, 2012 Joshua Kyle rated it liked it
Good quotes and statistics addressing the state of investment in America, offering fixes both long- and short-term. Author was brash, throwing unhelpful jabs and biased claims to industry standards. I found her views watering down the read, narrowing the scope of an otherwise fascinating situation in our country.
Shuva
Jan 07, 2012 Shuva rated it liked it
This book has a great message - that of investing locally in your community. There's some great examples cited about local residents rallying to save something from extintction. However, it made me lose interest toward the end when going over IPOs. While interesting, it started to feel like I was reading a textbook.
Hiatt Zhao
Jan 30, 2014 Hiatt Zhao rated it liked it
I did not read every word in this book but I do think the information in this book is helpful. The author gave a lot of examples of locally organized funding organizations. It would take more investigation to figure out what can one do in his/her community.
Carol
Oct 12, 2013 Carol rated it really liked it
Locavesting is a very good read for those who "get it". I was already convinced that investing locally builds community and inspires individual dreams. Now we must convince others that it is in their best interest to do the same. ...more
PK Reeves
Jul 20, 2011 PK Reeves rated it really liked it
Cortese advocates investing locally with sharp research and historical facts. Economics 101 with a punch. Read Aisle B's review

http://aisleb.tumblr.com/post/7831397...
Fatih  Karagöz
May 26, 2014 Fatih Karagöz rated it it was ok
Kitabı yazmak yerine bu konuda bir belgesel çekilseymiş daha güzel olabilirmiş...
Ddweir2000
May 08, 2012 Ddweir2000 rated it really liked it
Getting a little dated now but still a great read with innovative ideas.
Sunny
Aug 12, 2012 Sunny rated it liked it
Great information if you are looking to invest or start a business locally.
Sue Lipton
Oct 09, 2011 Sue Lipton rated it it was ok
Shelves: gave-up
Couldn't get into it, though I thought I "should."
Audie
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Apr 28, 2016
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Apr 26, 2016
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Apr 02, 2016
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Mar 16, 2016
Ben
Ben rated it really liked it
Mar 08, 2016
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Mar 07, 2016
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