A fishing reel having a reel housing comprising a ring gear with a rod mount directly or indirectly attached to the ring gear and a spool positioned within the ring gear, a reel crank adapted to impart rotational movement to the spool, a line guide positioned radially outwardly from the spool, a flange hingedly attached to the spool, wherein the spool may be positioned in a first casting position wherein the axis of the spool is generally parallel to a fishing rod when the rod mount is mounted to the fishing rod and wherein the spool is movable 90 degrees with respect to the flange to be positioned in a second reeling position, wherein the axis of the spool is generally perpendicular to a fishing line being retrieved upon line retrieval and wherein as the reel crank is rotated the spool orbitally rotates within the ring gear.
