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Payback Time - Eight Steps to Outsmarting the System That Failed You and Getting Your Investments Back on Track-logo

Payback Time - Eight Steps to Outsmarting the System That Failed You and Getting Your Investments Back on Track

Phil Town

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. From the Hardcover edition.

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. From the Hardcover edition.
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Description:

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. From the Hardcover edition.

Language:

English

Narrators:

Marc Cashman

Length:

9h 4m


Chapters

Introduction
Introduction

00:15


Chapter 1
Chapter 1

01:51


Chapter 2
Chapter 2

07:24


Chapter 3
Chapter 3

07:16


Chapter 4
Chapter 4

06:52


Chapter 5
Chapter 5

07:56


Chapter 6
Chapter 6

07:26


Chapter 7
Chapter 7

07:24


Chapter 8
Chapter 8

06:44


Chapter 9
Chapter 9

07:59


Chapter 10
Chapter 10

07:57


Chapter 11
Chapter 11

01:45


Chapter 12
Chapter 12

07:52


Chapter 13
Chapter 13

06:48


Chapter 14
Chapter 14

08:01


Chapter 15
Chapter 15

07:30


Chapter 16
Chapter 16

07:34


Chapter 17
Chapter 17

06:49


Chapter 18
Chapter 18

06:46


Chapter 19
Chapter 19

07:24


Chapter 20
Chapter 20

07:38


Chapter 21
Chapter 21

07:17


Chapter 22
Chapter 22

07:24


Chapter 23
Chapter 23

07:38


Chapter 24
Chapter 24

07:08


Chapter 25
Chapter 25

07:15


Chapter 26
Chapter 26

06:21


Chapter 27
Chapter 27

07:32


Chapter 28
Chapter 28

07:24


Chapter 29
Chapter 29

07:58


Chapter 30
Chapter 30

06:30


Chapter 31
Chapter 31

07:23


Chapter 32
Chapter 32

06:14


Chapter 33
Chapter 33

06:55


Chapter 34
Chapter 34

07:28


Chapter 35
Chapter 35

07:01


Chapter 36
Chapter 36

06:55


Chapter 37
Chapter 37

06:10


Chapter 38
Chapter 38

06:54


Chapter 39
Chapter 39

07:05


Chapter 40
Chapter 40

06:24


Chapter 41
Chapter 41

06:50


Chapter 42
Chapter 42

07:13


Chapter 43
Chapter 43

06:32


Chapter 44
Chapter 44

07:24


Chapter 45
Chapter 45

07:35


Chapter 46
Chapter 46

07:41


Chapter 47
Chapter 47

06:52


Chapter 48
Chapter 48

07:13


Chapter 49
Chapter 49

06:59


Chapter 50
Chapter 50

05:49


Chapter 51
Chapter 51

06:07


Chapter 52
Chapter 52

06:19


Chapter 53
Chapter 53

07:10


Chapter 54
Chapter 54

06:21


Chapter 55
Chapter 55

07:54


Chapter 56
Chapter 56

07:53


Chapter 57
Chapter 57

06:57


Chapter 58
Chapter 58

07:31


Chapter 59
Chapter 59

06:57


Chapter 60
Chapter 60

06:49


Chapter 61
Chapter 61

07:40


Chapter 62
Chapter 62

07:17


Chapter 63
Chapter 63

06:23


Chapter 64
Chapter 64

06:08


Chapter 65
Chapter 65

05:53


Chapter 66
Chapter 66

07:58


Chapter 67
Chapter 67

06:15


Chapter 68
Chapter 68

06:58


Chapter 69
Chapter 69

06:40


Chapter 70
Chapter 70

07:06


Chapter 71
Chapter 71

05:39


Chapter 72
Chapter 72

06:16


Chapter 73
Chapter 73

05:26


Chapter 74
Chapter 74

06:00


Chapter 75
Chapter 75

06:48


Chapter 76
Chapter 76

07:01


Chapter 77
Chapter 77

06:50


Chapter 78
Chapter 78

07:35


Chapter 79
Chapter 79

06:12


Chapter 80
Chapter 80

00:33