Payback Time: Making Big Money Is the Best Revenge!

Payback Time: Making Big Money Is the Best Revenge!

Donâ‚¬t get mad, get evenâ‚¬Â¦
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Phil Townâ‚¬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.Â But because many people arenâ‚¬t ready to go from mutual funds directly into trading without understanding investingâ‚¬"for the long term â‚¬â€œ he created Payback Time.
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Too often, people see long-term investing as â‚¬Å“mutual fund contributingâ‚¬Â â‚¬â€œ otherwise known as â‚¬Å“long-term hoping.â‚¬ÂÂ But the sad truth is that mutual fund investors are, to a stunning degree, pinning their hopes on an institution that is hopeless.Â 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.
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But itâ‚¬s worse than that.Â The net effect of hitching your wagon to mutual funds is that over a lifetime theyâ‚¬ll fritter away as much 60% of your nest egg in fees.Â Once you understand how funds engineer this, youâ‚¬ll rushÂ to invest on your own.
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Payback Timeâ‚¬s risk-free approach is called â‚¬Å“stockpilingâ‚¬Â and itâ‚¬s how billionaires get rich in bad markets.Â Itâ‚¬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.Â
Country USA
Brand Crown Business
Manufacturer Crown Business
Binding Hardcover
ItemPartNumber YES3243202
ReleaseDate 2010-03-02
UnitCount 1
EANs 9780307461865

Country	USA
Brand	Crown Business
Manufacturer	Crown Business
Binding	Hardcover
ItemPartNumber	YES3243202
ReleaseDate	2010-03-02
UnitCount	1
EANs	9780307461865

Payback Time: Making Big Money Is the Best Revenge!

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