Payback Time PDF
By:Phil Town
Published on 2010-03-02 by Crown Business
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.
This Book was ranked at 28 by Google Books for keyword Investing Bonds Business Money.
Book ID of Payback Time's Books is 7-uxOdOgbYwC, Book which was written byPhil Townhave ETAG "U/7Q9vuQqZo"
Book which was published by Crown Business since 2010-03-02 have ISBNs, ISBN 13 Code is 9780307461889 and ISBN 10 Code is 0307461882
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Book which have "288 Pages" is Printed at BOOK under CategoryBusiness and Economics
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