Synopsis
During your life you will make many important financial decisions. Their success will be significantly affected by the state of the economy and financial markets when you make them.
Imagine if you had a guide to the future to help you anticipate periods of boom and bust and make decisions accordingly: when to invest and take risk, and when to sell or take measures to preserve your wealth.
The Secret Wealth Advantage is that guide.
To make better investment decisions at the right times, you need to understand the 18-year cycle. It is responsible for all of the periods of wild speculation and spectacular collapse that have been a feature of the modern economy for well over 200 years. At the heart of this cycle is the property market. Understand this and you will be able to forecast precisely what will happen next.
Using a treasure trove of historical data and entertaining stories from the present and prior periods, The Secret Wealth Advantage reveals everything you need to know about the cycle: where we are within it, why it happens, why no one sees it and what you need to look out for.
And, most importantly, The Secret Wealth Advantage provides you with a practical guide for what to do at each stage of the cycle. Put this into action and a world that appears complex and chaotic can be mastered. You will have an investment edge that seasoned professionals can only dream of.
Details
11 July 2023
9780857198570About the author
Akhil Patel is the Director of Property Sharemarket Economics, an investment research service that teaches subscribers how to 'remember the future' based on leading knowledge of economic and financial cycles.
Akhil became interested in such cycles after his family's business went through difficult periods during the major recessions in the early 1990s and 2008. He refused to accept the conventional wisdom that these events could not be forecast in advance. After much study, he decided to develop a body of work that would help people – whether they were investors, business owners or those just interested in doing something with their savings.
With professional experience in the UK civil service and international development, Akhil has worked on a range of issues from reviewing large infrastructure deals to helping establish the UK's £3bn International Climate Fund. He has two masters degrees (in finance and public policy) and a first degree in classics from Oxford.
Reviews
It’s the secret hiding in plain sight. Enterprises founder – and families lose their homes – because owners are deprived of the knowledge that would have saved them from the cyclical pitfalls in the capitalist economy. The experts did not (and still do not) see these crises coming, but no-one need fall victim to the next crash. Akhil Patel documents the inside story with a blow-by-blow account of the trends that make the difference between wealth and the fatal wounds endured by those who remain wilfully blind.Fred Harrison, economist and author, Boom Bust
With an impressive grasp of financial and economic history, the author paints a colorful picture of the interplay of economic forces and investor emotion that drives market cycles and the principal periods of boom and bust that many of us have experienced. But more than that, he sets out practical ideas on how to navigate them. All investors should read this book.Dr Daniel Crosby, author, The Behavioral Investor
After allocating over $80 million of equity during stages of sheer panic as well as unbridled mania, I can tell you, the investment world is chaotic. Every day, week, month, year we are bombarded with new explanations as to why market cycles behave the way they do, and none seem to stand the test of time...until now. With this book, you'll not only intellectually understand markets and why they move, you'll be able to take full advantage of it. Every investor needs this book.Hunter Thompson, founder, RaisingCapital.com and Asym Capital
The Secret Wealth Advantage fills a big missing piece of a financial puzzle that has been bugging me for over 30 years: I only wish I had read this at the start of my financial career. It has now usurped Reminiscences of a Stock Operator as my number one investment book recommendation. I never thought that would be possible. Akhil's work is worth 1000 times the cover price, although I could be undervaluing it enormously.Paul Rodriguez, director, ThinkTrading.com and host of the State of the Markets podcast
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