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Download Payback Time: Making Big Money Is the Best Revenge! Audiobook

Extended Audio Sample Payback Time: Making Big Money Is the Best Revenge!, by Phil Town Click for printable size audiobook cover
3 out of 53 out of 53 out of 53 out of 53 out of 5 3.00 (52 ratings) (rate this audio book) Author: Phil Town Narrator: Phil Tow Publisher: Penguin Random House Format: Abridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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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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Listener Opinions

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 by Ivo Stoykov | 3/26/2013

    " Good book worth to read "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by Melody | 9/21/2012

    " Step-by-step instructions on how to research companies and stocks using free tools on the internet. Great book! "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by Terry | 6/20/2011

    " This book was a sleeper that was much better than expected. He is an advocate of the Warren Buffett style of investing and makes a powerful case for it. I definitely recommend the book. I have shared it with my family. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Meagan | 1/15/2011

    " I did not think this book was as good as his first book. "

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