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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lgli/F:\Library.nu\57\_257123.577de6dd5636e4fbcaaaae2596384aff.epub

nexusstc/Payback Time: Making Big Money Is the Best Revenge!/577de6dd5636e4fbcaaaae2596384aff.epub

Phil Town

Golden Books Publishing Company, Incorporated

Random House, Incorporated

Crown Publishing Group

Vintage Books

Currency

1st ed., New York, New York State, 2010

United States, United States of America

New York, New York State, 2009

47355th, 2010

PS, 2010

до 2011-01

lg439436

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Includes index.

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.

<p>Ditch your mutual funds and learn to "stockpile" wealth! Join investment guru Phil Town in this follow-up to his first New York Times bestseller, Rule #1, as he reveals the investment strategy used by many of America's richest investors. It turned them into millionaires and billionaires? and it can do the same for you!</p>
<p>Determine your retirement "number" and the best way to achieve it.</p>
<p>Think and invest like Warren Buffett and other investors like him who don't lose money.</p>
<p>Avoid losing half your retirement money to your mutual fund manager.</p>
<p>Make BIG money with total certainty.</p>
<p>Achieve rates of return as high as 35 percent per year, year after year, as a buy-and-hold investor.</p>
<p>Get access to free investment dollars using the best tax shelter in world.</p>
<p>Stockpile your way to riches!</p>

Identifies the opportunities of depressed economies while demonstrating how to make the most of the fund system, explaining the lucrative potential of investing in worthwhile stocks while they are selling below optimum value.

From the bestselling author of "Rule #1" comes a perfectly timed book that shows why a beaten-down market represents the best opportunity to get rich, and it teaches readers how to finally beat the system that failed them.

Stockpiling turns down into up
Why mutual fund investing is not stockpiling
What to stockpile
When to stockpile
How to stockpile
Stockpiling with the facs
A tale of one stockpiling family
Stockpile with a berky
Q&a.

2011-06-04