Payback Time Book Reviews
Payback Time by Phil Town Book Summary
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.
Book Name | Payback Time |
Genre | Personal Finance |
Author | Phil Town |
Published | 02 March 2010, Tuesday |
Language | English |
E-Book Size | 36.28 MB |
Payback Time (Phil Town) Book Reviews 2024
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Buy now !. Great book ! You won’t regret it !!
A guide to grousing wealth. This book is the best! It gets really good at the end. I’m ready to ask start looking for wonderful businesses tomorrow morning!! If you want to learn how to invest, start with Rule #1 and immediately follow it up with this book. This shows novice investors how to invest like Warren Buffett. :)
Payback Time. This was Phil's 2nd book, read the first before this one. Follow in what was laid out and remember the rules and you will make money.
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Download Link | Book Format |
payback-time-ebook.pdf | |
payback-time-ebook.epub | EPUB |
payback-time-ebook.kindle | KINDLE |
Payback Time E-book (PDF, PUB, KINDLE) Download
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Summary of Payback Time by Phil Town
The Payback Time book written by Phil Town was published on 02 March 2010, Tuesday in the Personal Finance category. A total of 172 readers of the book gave the book 4 points out of 5.
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