9781415966198
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Payback Time audiobook

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Payback Time Audiobook Summary

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.

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Payback Time Audiobook Narrator

Marc Cashman is the narrator of Payback Time audiobook that was written by Phil Town

About the Author(s) of Payback Time

Phil Town is the author of Payback Time

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Subjects

The publisher of the Payback Time is Penguin Random House Audio Publishing Group. includes the following subjects: adaptive markets, investing, economics, finance, business, money, trading, business books, wealth, economy, strategy, personal finance, stock market, financial planning, motivation, data, motivational books, business strategy, risk, self help books, finance books, investing books, stocks, data analytics, stock market investing for beginners, stock, how to make money in stocks, investment books, value investing, motivational books for women, investing for beginners, investment banking, stock trading, financial books, Business & Economics, Personal Finance, Investing, Business & Economics, Investments & Securities, Stocks, Business & Economics, Strategic Planning The BISAC Subject Code is Business & Economics, Investing, Personal Finance

Additional info

The publisher of the Payback Time is Penguin Random House Audio Publishing Group. The imprint is Random House Audio. It is supplied by Penguin Random House Audio Publishing Group. The ISBN-13 is 9781415966198.

Global Availability

This book is only available in the United States.

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