Payback Time - Making Big Money Is the Best Revenge!-logo

Payback Time - Making Big Money Is the Best Revenge!

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

Length:

5h 5m


Chapters

Introduction
Introduction

00:18


Chapter 1
Chapter 1

04:24


Chapter 2
Chapter 2

04:39


Chapter 3
Chapter 3

04:30


Chapter 4
Chapter 4

03:47


Chapter 5
Chapter 5

04:17


Chapter 6
Chapter 6

04:41


Chapter 7
Chapter 7

04:30


Chapter 8
Chapter 8

04:45


Chapter 9
Chapter 9

04:26


Chapter 10
Chapter 10

04:24


Chapter 11
Chapter 11

04:28


Chapter 12
Chapter 12

04:57


Chapter 13
Chapter 13

04:50


Chapter 14
Chapter 14

04:22


Chapter 15
Chapter 15

04:02


Chapter 16
Chapter 16

04:31


Chapter 17
Chapter 17

04:57


Chapter 18
Chapter 18

04:03


Chapter 19
Chapter 19

04:35


Chapter 20
Chapter 20

04:36


Chapter 21
Chapter 21

04:54


Chapter 22
Chapter 22

04:26


Chapter 23
Chapter 23

04:35


Chapter 24
Chapter 24

04:45


Chapter 25
Chapter 25

03:49


Chapter 26
Chapter 26

04:54


Chapter 27
Chapter 27

04:13


Chapter 28
Chapter 28

04:58


Chapter 29
Chapter 29

04:21


Chapter 30
Chapter 30

05:00


Chapter 31
Chapter 31

04:56


Chapter 32
Chapter 32

04:40


Chapter 33
Chapter 33

03:34


Chapter 34
Chapter 34

04:01


Chapter 35
Chapter 35

04:51


Chapter 36
Chapter 36

04:34


Chapter 37
Chapter 37

04:41


Chapter 38
Chapter 38

04:42


Chapter 39
Chapter 39

05:01


Chapter 40
Chapter 40

04:17


Chapter 41
Chapter 41

04:03


Chapter 42
Chapter 42

04:07


Chapter 43
Chapter 43

05:10


Chapter 44
Chapter 44

05:04


Chapter 45
Chapter 45

04:53


Chapter 46
Chapter 46

04:27


Chapter 47
Chapter 47

04:41


Chapter 48
Chapter 48

04:02


Chapter 49
Chapter 49

04:22


Chapter 50
Chapter 50

04:14


Chapter 51
Chapter 51

03:44


Chapter 52
Chapter 52

04:49


Chapter 53
Chapter 53

04:38


Chapter 54
Chapter 54

04:51


Chapter 55
Chapter 55

04:38


Chapter 56
Chapter 56

04:33


Chapter 57
Chapter 57

04:47


Chapter 58
Chapter 58

04:19


Chapter 59
Chapter 59

03:52


Chapter 60
Chapter 60

04:46


Chapter 61
Chapter 61

03:04


Chapter 62
Chapter 62

03:02


Chapter 63
Chapter 63

04:14


Chapter 64
Chapter 64

05:27


Chapter 65
Chapter 65

04:41


Chapter 66
Chapter 66

04:45


Chapter 67
Chapter 67

05:05


Chapter 68
Chapter 68

03:40


Chapter 69
Chapter 69

00:30