Overview of Payback Time: Making Big Money Is the Best Revenge! Book

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 Type :

Business & Finance

• Book Binding :

Paperback

• Language :

English

• Number of Pages :

• ISBN - 10 :

0307461866

• Payback Time: Making Big Money Is the Best Revenge! Published On :

Import, 2 Mar 2010

• Resource:

Textbooks, Business & Finance Books for Students, Teachers, Graudates, Professionals and all others

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