• Payback Time

  • Making Big Money Is the Best Revenge!
  • By: Phil Town
  • Narrated by: Phil Town
  • Length: 5 hrs and 3 mins
  • 4.7 out of 5 stars (72 ratings)

1 title per month from Audible’s entire catalog of best sellers, and new releases.
Access a growing selection of included Audible Originals, audiobooks and podcasts.
You will get an email reminder before your trial ends.
Your Premium Plus plan is $14.95 a month after 30 day trial. Cancel anytime.
Buy for $23.93

Buy for $23.93

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

Don’t get mad, get even...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 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 percent of fund managers consistently beat the S&P 500 index over the long term, which means that 96 percent 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 percent 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.

©2010 Phil Town (P)2010 Random House

More from the same

What listeners say about Payback Time

Average Customer Ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    57
  • 4 Stars
    12
  • 3 Stars
    2
  • 2 Stars
    1
  • 1 Stars
    0
Performance
  • 5 out of 5 stars
  • 5 Stars
    49
  • 4 Stars
    4
  • 3 Stars
    1
  • 2 Stars
    0
  • 1 Stars
    0
Story
  • 5 out of 5 stars
  • 5 Stars
    45
  • 4 Stars
    8
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    1

Reviews - Please select the tabs below to change the source of reviews.

No Reviews are Available
Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Paula Yourell
  • Paula Yourell
  • 07-10-16

Great read

Very inspiring book and author. Easy to follow. Hope to put the advice into practice now

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 06-21-19

excellent book

excellent book with honest advice .would recommend this book to anyone who is new and intermediate in investing

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Amazon Customer
  • Amazon Customer
  • 01-22-18

Great Book

I liked the fact that Phil has made this easy enough to understand if you put the time and work in.
I would recommend this book to anyone looking into long term investing and wants to be the best possible investor they can be.
A lot of the facts are American exclusive towards the end of the book however.