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Payback Time: Making Big Money Is the Best Revenge! |  | Author: Phil Town
Publisher: Crown Business
Category: Book
List Price: $26.99
Buy Used: $12.97
as of 7/29/2010 22:34 CDT details
You Save: $14.02 (52%)
Seller: goHastings
Rating:  reviews
Sales Rank: 20034
Media: Hardcover
Pages: 288
Number Of Items: 1
Shipping Weight (lbs): 1.2
Dimensions (in): 9.3 x 6.1 x 1.1
ISBN: 0307461866
Dewey Decimal Number: 332.6
EAN: 9780307461865
ASIN: 0307461866
Publication Date: March 2, 2010
Availability: Usually ships in 1-2 business days
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| Features:
| • | ISBN13: 9780307461865 | | • | Condition: New | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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| Editorial Reviews:
Product 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.
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| Customer Reviews:
 Pay Back Time Delivers July 19, 2010
nuskinsue
1 out of 1 found this review helpful
Phil Town delivers investing information in an interesting and easy to follow way. I truly enjoy reading his books. He's a great public speaker, too, and his books are written as though he were talking to you. His snippit stories mixed into the informative chapters break up the lessons, making it even more enjoyable. For the average person who knows little about how to invest wisely, this book, along with his other "Rule #1" book, is the way to become knowledgable. Read, then, go out and practice with a margin of safety.
Any investment-oriented collection needs this approach June 18, 2010
Midwest Book Review (Oregon, WI USA)
PAYBACK TIME: MAKING BIG MONEY IS THE BEST REVENGE offers a key to understanding long-term investing's downside, and refutes the common notion that this is the safest, best way to invest. Instead Phil Town advocates the idea of 'stockpiling' - how to get rich in bad markets - and offers a strategy designed to earn the reader millions. Any investment-oriented collection needs this approach.
Great Book June 10, 2010
A. Brown (Mississippi)
Although some of book is a bit technical, this is a great read for someone looking to take control of their investing. Read it through at quick pace the first time to get an overview of his strategy and then take the time to practice using his methods and re-read as needed. This is not "get rich quick", it is "get rich smart".
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