The Slow Food movement has gained a lot of momentum in the past few years.  People are realizing it is a lot healthier to eat local fresh foods.  In addition, it is simply making more financial sense to control your own food source.  Now it's time for people to consider "Slow Money".

As with Slow Food, the thought is to keep your money in your own neighborhood.  As my tax lients come in throughout this tax season, the prevailing feeling is a loss of control.  My clients (as with most of the world) trusted their distant maney managers someone else had selected to manage their 401(K)s and IRAs.  Some clients had selected their own Maney Mangers for other funds, but assumed if they were Money Mangers they knew what they were doing.  We have all found out that many of us knew more than the peoplei in charge - certainly those who were deciding your money should be in GM when GM has beeen losing huge amounts of money for over ten years.  On top of that. GM did not even have enough cash to cover their currently payables for that entire period ot time.

Local Economic Development Councils, Venture Capital Funds etc. are starting to grow with the idea of investing within their own community.  It seems people realize their money may earn a little and be safer if they actually knew who was using it and where it was going.  If a local existing business is ready to expand and it is actually viable, why not invest in that instead of many companies and investments you know nothing about.  There are actually some new business proposals in our community that are extremely viable, local investment would really be a win -win.  Investors would be creating jobs in their own community, and getting a return on their investment.  What about investing in the local mortgage market - with QUALIFIED Buyers and a decent return on your investment.

I think there is a lot potential for this movement - I will keep you posted.