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| What I Learned on Wall Street: Why Real Estate Is the Best Investment | 
 enlarge | Author: Lex Levinrad
Publisher: Booklocker.com
Category: Book
List Price: $24.95
Buy New: $22.65
You Save: $2.30 (9%)
Buy New/Used from $19.68
Avg. Customer Rating:  (6 reviews)
Sales Rank: 1381277
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Number Of Items: 1
Pages: 140
Shipping Weight (lbs): 0.6
Dimensions (in): 8.4 x 5.6 x 0.7
ISBN: 1591139465
Dewey Decimal Number: 332
EAN: 9781591139461
ASIN: 1591139465
Publication Date: April 1, 2006
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
What I Learned On Wall Street, Why Real Estate is the Best Investment documents the experiences of Lex Levinrad over a 15 year career on Wall Street. His story begins in a "boiler room" brokerage firm in Chicago and follows his experiences as a trader, registered options principal, and branch manager. The story illustrates what it was like to be a stockbroker during the years 1996 through 1999, while consistently being one of the largest commission generators at his brokerage firm. Levinrad details his experiences recovering from the technology stock crash of 2000. The story continues as he becomes a real estate investor in Florida and then describes his experience buying wholesale real estate. Ultimately, Levinrad explains why he feels that real estate is the best investment. This book shows you what you need to know when dealing with a financial advisor and why these individuals do not always act in your best interest. It also clarifies why it's sometimes better to have a money manager or financial planner instead of a financial advisor or stockbroker.
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| Customer Reviews: Read 1 more reviews...
 Wasted my time March 18, 2007
I learned nothing from this book. It's the story of a stock broker's rise and fall. There is no instruction about real estate.
An Interesting Analysis Of Stocks Vs Real Estate October 27, 2006
2 out of 2 found this review helpful
I thought this book would be more related to real estate. Instead, it is a story of the authors experiences with the stock market as a stockbroker and money manager. Having said that, what is interesting is why the author chose to abandon his work with stocks and devote himself exclusively to real estate.
The examples of comparison between investing in stocks versus real estate were very clear and the author tries to impress upon the reader the merits of real estate investing (rental properties) compared to other investments such as investing in stocks, bonds, or mutual funds.
The author makes a compelling case for why real estate is better for the average Joe. In the book, the author describes how it is possible to buy real estate with no money down. He then proceeds to explain how any other investment requires an initial investment. This fact alone, although presented in many other books is something that I think most investors overlook.
The author turns the old tried and true isms such as put down 20% and get a mortgage on it's head. Instead the author shows you how to buy real estate for 70% of it's appraised value and how to do it with no money down!
I would like to have had more real estate and less stock information but nonetheless, the author makes a very clear case for why he thinks that the average person is better off buying investment properties instead of putting money in mutual funds.
Highly recommend - must read July 27, 2006
2 out of 2 found this review helpful
In the first half of Levinrad's book, he gives an invaluable look into his personal experiences as a broker, trader and money manager. This sets the stage for the second half of the book which describes the benefits of investing in real estate. Levinrad breaks down a strategy for saving and investing into easy to read and very important plans and strategies. He also provides references for some of the best books on these subjects. I highly recommend this book.
 A Quick, Captivating and Informative Story June 30, 2006
8 out of 8 found this review helpful
Lex rode the wave of the 90's and took his hits along with the best of them from that the NASDAQ implosion dished out. He lived through it and came away with a new found appreciation for real estate. I can so relate to this chain of thoughts as I've had a surprisingly similar revelation myself. Lex's whole awakening can be broken down to this,
"...after spending fifteen years working with the stock market I was left with only $13,000 in a retirement account. That same $13,000 had turned into $100,000 in two years on my first real estate purchase."
That's all it takes. For an astute analytical type this can be a life altering realizatin.
His discussions of his largest accounts during the tech-meltdown made me stop and take a few deep breaths. It was causing severe flashbacks. The account went from over $8 million to a negative $42,000. That means the client had to go on a payment plan to pay off a negative balance.
The majority of the book is geared towards the stock market, although the real estate section is worth its weight in gold.
By Kevin Kingston, author of: A 20,000% Gain in Real Estate: A True Story About the Ups and Downs From Wall Street to Real Estate Leading to Phenomenal Returns
If you invest in the stock market you should read this book May 23, 2006
4 out of 4 found this review helpful
A money manager turned real estate investors honest analysis of the self-serving behavior of the financial services industry. Anyone investing in the stock market who reads this book will really question whether they should instead be investing in investment properties. A money managers perspective of why real estate is a better investment from someone who should know. This guy worked on Wall Street for 15 years and ultimately believes that investing in rental properties is a much better investment. Any investor would benefit from reading this book.
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