books
payback time making big money is the best revenge
dont get mad get even ... br phil towns 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 arent ready to go from mutual funds directly into trading without understanding investing for the long term he created payback time . br 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 . br but its worse than that . the net effect of hitching your wagon to mutual funds is that over a lifetime theyll fritter away as much 60 % of your nest egg in fees . once you understand how funds engineer this youll rush to invest on your own . br payback times risk free approach is called stockpiling and its how billionaires get rich in bad markets . its 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 .
hardcover crown business 2009 isbn13 9780307461865 isbn10 0307461866
abridged n average customer rating 1 isbn 13 9780307461865 number in series 1 number of pages 275 publisher random house inc release date 1267488000000