Authors: Phil Town
ISBN-13: 9780307461865, ISBN-10: 0307461866
Format: Hardcover
Publisher: Crown Publishing Group
Date Published: March 2010
Edition: (Non-applicable)
PHIL TOWN has addressed millions of people, sharing the stage with such respected public figures as Bill Clinton, Colin Powell and Rudy Giuliani. He appears frequently on CNBC as an investing expert. Currently, he makes his home in Jackson Hole, Wyoming.
My first book, Rule #1, was a guide to stock trading for people who believe they lack the knowledge to trade. It was deeply satisfying to see Rule #1 reach #1 on the New York Times bestseller list and sell hundreds of thousands of copies. I've since come to realize, though, that many people aren't ready to go from mutual funds directly into trading without understanding investing--for the long term.
But there's the catch, and the reason for Payback Time: Too often, people see long-term investing as "mutual fund contributing" -- otherwise known as "long-term hoping." And, take it from me, "hoping" is not going to pay for food, shelter and medical care in twenty or thirty years. The sad truth is that mutual fund investors are, to a stunning degree, pinning their hopes on an institution that is hopeless.
I'm baffled by why so many people trust fund managers to grow their money given that the vast majority have...
Introduction The Road from Rule #1 to Payback Time 1
Chapter 1 How the Wealthy Use Down to Go Up 11
Chapter 2 Mutual Fund Investing Makes No Sense 31
Chapter 3 Three Ms Equal No-Risk Investments 49
Chapter 4 Payback Time Means "No Fear" 89
Chapter 5 Eight Baby Steps to Wealth 133
Chapter 6 Just the FACs, Ma'am 165
Chapter 7 A Tale of One Family 183
Chapter 8 Free Money with a Berky 215
Chapter 9 Join the Rule One Revolution 243
Epilogue ? Before You Go Play 253
Acknowledgments 265
Index 267