You can make a part-time small successful business and a fortune out of the big government bailouts.  At least, that’s what one author thinks.

Ron Insana wrote a book about that very subject and it’s called,”How to Make a Fortune From the Biggest Bailout in U.S. History”.

In case you’re not familiar with Insana, he was a senior analyst with CNBC and he’s been a regular on countless other main stream financial news programs.

What the book covers:

What I like about the book:

I like the fact that Ron really knows how to string a sentence together.  It makes reading the book easy. He distills the subject so the reader understands what he’s talking about and can do something with what she’s learned. That’s rare today and I appreciate it.

I also liked the way he tries to help novice and advanced investors at the same time.

For the beginner, he explains why he feels we’ve hit bottom and gives actionable ideas on how to make money now. He discusses real estate, fixed income and stock market investments.

For the advanced investor, he provides more sophisticated tactics in each of these areas.

What I thought could have been handled better:

I’m not sure if I my expectations were inflated or if he failed to deliver on what the title promised. But I was expecting more details on how to take advantage of the real estate melt-down.

Before reading the book, I was convinced that you have to be a big player in order to really cash in on the distressed real estate market today.  Ron’s book didn’t change my mind.  Sure you can buy real estate….but how can you tap in to those mega programs the government put together?

Also, Ron talks about how now is a great time to buy real estate. I agree with him in some specific areas of the country and disagree with him on other areas. Also, I would like to know how individuals can buy distressed properties and mortgages like the big kids do.

The author does provide some general direction on these subjects but I would have liked to see more step-by-step help. I would have liked to see more caveats here too. Just because assets are being offered at steep discounts doesn’t mean risk has been eliminated.

While I got a sense of where to go, I didn’t put the book down feeling qualified to become a landlord.  Maybe I expected too much.  In order to answer my questions, it might have taken Ron a great deal more work.

When all is said and done, the book is a worthwhile read.

Are you interested in this subject?  What resources have you used to get educated? How are you investing differently today when compared to 2 years ago? Are you taking more or less risk?

Like this article? You will love getting my free brilliant financial updates! No spam, and I won't give your email address to any other person or company.That's a personal promise. Neal Frankle, Certified Financial Planner, Los Angeles, California

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