Payback Time: Making Big Money Is the Best Revenge!
Published by Penguin Random House Audio
5/5
()
Currently unavailable
Currently unavailable
About this audiobook
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.
Related to Payback Time
Related audiobooks
High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders Rating: 0 out of 5 stars0 ratingsSafe, Debt-Free, and Rich!: High-Return, Low-Risk Investing Strategies That Can Make You Wealthy Rating: 0 out of 5 stars0 ratingsBeating the Street: How to Use What You Already Know to Make Money in the Market Rating: 4 out of 5 stars4/5The Motley Fool Million Dollar Portfolio Rating: 4 out of 5 stars4/5Cryptos: Invest Smart with Bitcoin, Ethereum, Ripple Coin and Other Cryptocurrencies Rating: 5 out of 5 stars5/5Where the Money Is: Value Investing in the Digital Age Rating: 4 out of 5 stars4/5The Power of Passive Investing: More Wealth with Less Work Rating: 4 out of 5 stars4/5The Successful Investor: What 80 Million People Need to Know to Invest Profitably and Avoid Big Losses Rating: 4 out of 5 stars4/5Winning the Loser's Game: Timeless Strategies for Successful Investing, Eighth Edition Rating: 4 out of 5 stars4/5The Either/Or Investor: How to Succeed in Global Investing, One Decision at a Time Rating: 2 out of 5 stars2/5Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins! Rating: 5 out of 5 stars5/5Stock Investing for Dummies 2nd Ed. Rating: 4 out of 5 stars4/5The Little Book Of Stock Market Profits: The Best Strategies of All Time Made Even Better Rating: 4 out of 5 stars4/5Investment Banking Crash Course Rating: 5 out of 5 stars5/5Debunkery Rating: 5 out of 5 stars5/5Mastering REIT Investments: A Comprehensive Guide to Wealth Building Rating: 0 out of 5 stars0 ratingsThe Smartest Investment Book You'll Ever Read: The Simple, Stress-Free Way to Reach You Rating: 4 out of 5 stars4/5Wall Street's Just Not That Into You: An Insider's Guide to Protecting and Growing Wealth Rating: 3 out of 5 stars3/5The Little Book of Safe Money Rating: 4 out of 5 stars4/5The Smartest Portfolio You'll Ever Own: A Do-It-Yourself Breakthrough Strategy Rating: 5 out of 5 stars5/5The 30-Minute Millionaire: The Smart Way to Achieving Financial Freedom Rating: 5 out of 5 stars5/5The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between Rating: 4 out of 5 stars4/5The Fundamentals of Hedge Fund Management: How to Successfully Launch and Operate a Hedge Fund Rating: 4 out of 5 stars4/5Straight Talk on Investing: What You Need to Know Rating: 4 out of 5 stars4/5Exchange-Traded Funds For Dummies, 3rd Edition Rating: 4 out of 5 stars4/5
Personal Finance For You
The Total Money Makeover: A Proven Plan for Financial Fitness Rating: 5 out of 5 stars5/5Financial Feminist: Overcome the Patriarchy’s Bullsh*t to Master Your Money and Build a Life You Love Rating: 5 out of 5 stars5/5Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5Hustle Harder, Hustle Smarter Rating: 5 out of 5 stars5/5The Millionaire Next Door: The Surprising Secrets Of Americas Wealthy Rating: 5 out of 5 stars5/5Baby Steps Millionaires: How Ordinary People Built Extraordinary Wealth--and How You Can Too Rating: 5 out of 5 stars5/5Die With Zero: Getting All You Can from Your Money and Your Life Rating: 4 out of 5 stars4/5Think and Grow Rich Rating: 5 out of 5 stars5/5We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power Rating: 5 out of 5 stars5/5Happier Hour: How to Beat Distraction, Expand Your Time, and Focus on What Matters Most Rating: 4 out of 5 stars4/5Change Your Paradigm, Change Your Life Rating: 5 out of 5 stars5/5The Intelligent Investor Rev Ed. Rating: 5 out of 5 stars5/5Rich Dad's Cashflow Quadrant: Guide to Financial Freedom Rating: 5 out of 5 stars5/5Rich Dad's Guide to Investing: What the Rich Invest In, That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5A Healthy State of Panic: Follow Your Fears to Build Wealth, Crush Your Career, and Win at Life Rating: 4 out of 5 stars4/5The Great Money Reset: Change Your Work, Change Your Wealth, Change Your Life Rating: 5 out of 5 stars5/5Stimulus Wreck: Rebuilding After a Financial Disaster Rating: 4 out of 5 stars4/5Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity Rating: 5 out of 5 stars5/5Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth Rating: 5 out of 5 stars5/5The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich Rating: 5 out of 5 stars5/5How to Manage Your Money When You Don't Have Any Rating: 4 out of 5 stars4/5Entreleadership: 20 Years of Practical Business Wisdom from the Trenches Rating: 5 out of 5 stars5/5The Intelligent Investor Rating: 4 out of 5 stars4/5Smart Money Smart Kids: Raising the Next Generation to Win with Money Rating: 5 out of 5 stars5/5Happy Money: The Japanese Art of Making Peace with Your Money Rating: 5 out of 5 stars5/5Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money Rating: 5 out of 5 stars5/5The Only Investment Guide You'll Ever Need: Revised Edition Rating: 4 out of 5 stars4/5Learn to Earn: A Beginner's Guide to the Basics of Investing Rating: 5 out of 5 stars5/5
Reviews for Payback Time
22 ratings2 reviews
- Rating: 5 out of 5 stars5/5Nice book ver practical and intelligent. Thank you very much
- Rating: 4 out of 5 stars4/5very easy to follow even for a first time investor. the step by step guide with the Web site references are very well done. thanks.