Payback Time Audiobook By Phil Town cover art
Payback Time Audiobook
$31.93 Original price was: $31.93.$4.99Current price is: $4.99. Add to cart
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Payback Time Audiobook

Original price was: $31.93.Current price is: $4.99.

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by Phil Town

  • Narrated by: Marc Cashman
  • Length: 9 hrs and 2 mins
  • Release date: 03-02-10
  • Language: English

Phil Town’s first book, the number-one New York Times best seller Rule #1, was a guide to stock trading for people who believe they lack the knowledge to trade. But because many people arent 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 its worse than that. The net effect of hitching your wagon to mutual funds is that over a lifetime theyll 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. Its 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.

Additional information

Author

Phil Town

Language

English

Length

9 hrs and 2 mins

Narrated by

Marc Cashman

Release date

03-02-10

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