Interview with Michael Fox-Rabinovitz, an author of Own a Fraction, Earn a Fortune: The Complete Guide to Co-investing in Art and Collectibles

This week, we’re talking with Michael Fox-Rabinovitz about his book, Own a Fraction, Earn a Fortune: The Complete Guide to Co-investing in Art and Collectibles: How to Generate High Returns from Collectibles Through Fractional Ownership

51UobYwE0DLTell us something unexpected about yourself!

Despite being a seasoned investor, I have a lifelong appreciation for literature, and have published a well-received book of Russian poetry in addition to being published in literary journals and online.

 

Why do you write?

If you heard me speak you wouldn't need to ask that. I write much better than I talk. But seriously, I write because over the years I have gained great expertise and unique insights into the collectible assets category and how anyone, regardless of how wealthy they are, can now generate wealth with them through fractional ownership platforms that allow anyone to buy, trade and sell shares of individual collectible items. It genuinely excites me and I want to scream it from the rooftops! But I'm a bit too shy for that so…I only write about it.

 

Where did you get the inspiration for your current book?

From personal experience using fractional ownership platforms to invest in objects I am passionate about. As I was exploring the platforms, I had a realization that while fractional ownership platforms are getting wildly popular, there were NO existing books that covered how to best utilize them and that there was a clear unmet need that I was uniquely qualified to fulfill. I could provide advice that would enable the many current and future users of these platforms to use them more wisely with a thorough understanding of the key value drivers for all the collectible asset categories.

 

What do you enjoy the most about your genre?

I'm not sure I would consider my writings on investing in collectibles a “genre”. Collectibles are more of a niche within the alternative asset category. My focus within the “collectibles” niche is “co-investing in collectibles through fractional ownership platforms.” These platforms truly democratize the collectibles asset investment sector – which was once the sole provenance of the ultra-wealthy. And I truly enjoy helping everyday investors gain access to the types of alternative assets that they may have seen as unobtainable before discovering my book.

 

How would you describe your writing process?

Highly structured from start to end, from the point of an idea to putting the final words to paper. There is a challenge in keeping the subject matter interesting and engaging for readers, while getting across the key points that would help the readers be better investors, and striking that balance requires clear outline, great deal of research and a strong work ethic to make sure something gets done every day, even if it is small.

 

What do you think authors have to gain from participating in social media?

Social media is about building and growing a COMMUNITY of people who share your passions and interests. All authors, but especially those who write non-fiction gain a tremendous amount of credibility, authority and exposure to their target audience by providing them an ongoing stream of useful and actionable information.

 

What advice would you have for other writers?

One thing I personally underestimated as a first-time author is the amount of time it takes to structure, research and write a book. Aspiring writers should know that many months of hard work are just the first first step in the long journey to getting the book published, which includes multiple professional edits, cover design, website building, marketing, etc. My advice would be to prepare for a process that will be long, challenging, frustrating, but in the end, extremely rewarding.

 

How do you select your books’ titles and covers?

Title and cover are both very important, as they are the first thing the reader sees. Partnering with a marketing professional to help craft a compelling title, as well as testing the final candidates in focus groups is a must. Having a professional cover designer is imperative, as you will need to go through multiple rounds from defining the key concepts to developing the unique art, and making sure the cover is engaging.

 

What's your next step?

The next steps are very clear, and are in fact very much in progress. The second book in the series will focus on buying fractional shares of businesses as part of an investment portfolio. The companion courses to the book are also being actively developed and finalized and will be an invaluable tool to those readers who caught the collectible bug after reading my first book.

 

What book do you wish you had written?

Emerging & future collectibles are a fascinating subject matter that could make for an interesting fictional work, and then a screenplay. The idea would be to describe a futuristic investment firm which deals with mainstream collectible investments, but also has a shadow business where the definition of what is a collectible becomes much broader and somewhat sinister, like memory and experience collection sales.

 

How do you react to seeing a new review for your book?

Getting a new review is always exciting. It is thrilling when it is a glowing one and educational when it is somewhat less favorable. Each new review represents a new reader whom I was able to reach and hopefully help, and that makes me feel good.

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