“How to Make a Fortune from the Biggest Bailout in U.S. History” – Book Review
It’s been said many investors profited from the Great Depression. What on the surface was a horrible period, made many people wealthy in the long run, and also advanced the theory of investing. After all, Benjamin Graham wrote the classic book “Security Analysis” in 1934. I think the same can be said from the “Great Recession” that we are currently experiencing. Money is made when everyone is heading towards the exits, not when everyone else is buying. The past two years have opened up some great opportunities to invest, and might be some of the best ones we’ll see in our lifetime. Change can be good, if you know what to look for. Ron Insana of CNBC fame, and x-hedge fund manager decided to offer his guidance on the subject. Mr. Insana’s book is called ”How to Make a Fortune from the Biggest Bailout in U.S. History”. If you are an investor junkie like me (sorry I couldn’t resist), you know who Ron is, and you have seen his familiar face on CNBC for many years.
Why Buying a Timeshare is a Bad Idea
What Happens When Buying a Timeshare
My wife and I went on vacation this past October to Disney World. The family had a great time and I personally was glad to get away from business. We stayed at my parents Orange Lake Resort timeshare, which is just outside of of Disney World. In the over 10 years they have owned it, this is the first time I went there. I never agreed with them on their purchase, and always thought it was a bad decision. After all they paid $10,000 for it, and today the maintenance is $750/year. The resort itself is very nice, has all of the amenities, and is in a great location. My question is wouldn’t it be cheaper to just stay at a hotel, or better yet rent a unit in the resort for that week? The answer is unfortunately yes.
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