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Payback Time: Eight Steps to Outsmarting the System That Failed You and Getting Your Investments Back on Track | [Phil Town]

Payback Time: Eight Steps to Outsmarting the System That Failed You and Getting Your Investments Back on Track

Payback Time's risk-free approach is called stockpiling and it's 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.
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Publisher's Summary

Phil Town's first book, the number-one New York Times best seller 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.

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 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, 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. 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.

©2010 Phil Town (P)2010 Random House

What the Critics Say

“An incredible book that will teach you how to achieve financial independence faster than you ever thought possible.” (Brian Tracy, President, Brian Tracy International)

What Members Say

Average Customer Rating

4.2 (110 )
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4.4 (45 )
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  •  
    Pat Tampa, FL, United States 04-26-11
    Pat Tampa, FL, United States 04-26-11
    HELPFUL VOTES
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    "You will need the book!"

    This book has a lot of good content regarding calculations and formulas. You would want the book to help out.

    One big problem with this audio book is the narrator. So dry. Sounds like you're in a boring lecture. Makes you not want to listen to this book. Phil Town, of course, does a better job narrating his own material.

    1 of 2 people found this review helpful
  •  
    lev Canada 02-17-11
    lev Canada 02-17-11
    HELPFUL VOTES
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    14
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    "must have"

    if you like rule #1, then you must buy this book
    the idea stockpile makes you feel much better when in down market because you can build your portfolio in a much lower price

    1 of 2 people found this review helpful
  •  
    Vanessa Vasa, Finland 03-25-12
    Vanessa Vasa, Finland 03-25-12
    ratings
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    2
    2
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    "Loved the book"
    Where does Payback Time rank among all the audiobooks you’ve listened to so far?

    Both Payback Time and Rule 1 where really good. The narrator is enthusiastic which makes me interested. He also gives a step by step approach which is easy to understand.


    What other book might you compare Payback Time to and why?

    Rich Dad series... because it is simple to understand


    What about Marc Cashman’s performance did you like?

    he was enthusiastic


    0 of 2 people found this review helpful
  •  
    John Elk GroveVirgin Islands, U.S. 04-24-10
    John Elk GroveVirgin Islands, U.S. 04-24-10
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    "Great Book"

    I really enjoyed the book.

    1 of 7 people found this review helpful
  •  
    Tanan Nonthaburi, Thailand 02-05-13
    Tanan Nonthaburi, Thailand 02-05-13 Member Since 2012
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    13
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    "Very informative"
    What made the experience of listening to Payback Time the most enjoyable?

    The narrator is very helpful and enthusiastic. A great book for anyone who wants to invest their money in the stock market.


    0 of 3 people found this review helpful
  •  
    Roy Santa Rosa, CA, USA 05-01-10
    Roy Santa Rosa, CA, USA 05-01-10 Member Since 2007
    HELPFUL VOTES
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    "Garbage"

    Garbage, infomercial

    1 of 11 people found this review helpful
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