Payback Time: Making Big Money Is the Best Revenge!

10.03.10 / Uncategorized / Author: admin / Comments Off
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My trading ability and knowledge has never focused heavily on the longer-term buy-and-hold style, nor on stocks for that matter, but Phil’s insight in this book has helped give me some insight and guidance that even an options-lover can appreciate! Phil’s Rule #1 book lead me to also pick up and read Payback time, and I don’t regret it. His style is easy and entertaining, while still being informative and, I hate to say it, educational!

A definite recommend if you’re trying to get some new insight on the market and a way to help get your account going in the right direction again.

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Product Descriptions

Don’t get mad, get even…
 
Phil Town’s first book, the #1 New York Times bestseller Rule #1, was a guide to stock trading for people who believe they lack the knowledge to trade.  But because many people aren’t ready to go from mutual funds directly into trading without understanding investing—for the long term – he created Payback Time.
 
Too often, people see long-term investing as “mutual fund contributing” – otherwise known as “long-term hoping.”  But the sad truth is that mutual fund investors are, to a stunning degree, pinning their hopes on an institution that is hopeless.  It turns out that only 4% of fund managers consistently beat the S&P 500 index over the long term, which means that 96% of fund investors see a smaller return on their nest egg than a chimpanzee who simply buys stocks in the 500 biggest companies in America and watches what happens.
 
But it’s worse than that.  The net effect of hitching your wagon to mutual funds is that over a lifetime they’ll fritter away as much 60% of your nest egg in fees.  Once you understand how funds engineer this, you’ll rush  to invest on your own.
 
Payback Time’s risk-free approach is called “stockpiling” and it’s how billionaires get rich in bad markets.  It’s a set of rules for investing (not trading but investing) in the right businesses at the right time — rules that will ensure you make the big money. 

  • ISBN13: 9780307461865
  • Condition: NEW
  • Notes: Brand New from Publisher. No Remainder Mark.

Available at Amazon

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