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Download Payback Time: Eight Steps to Outsmarting the System That Failed You and Getting Your Investments Back on Track Audiobook

Extended Audio Sample Payback Time: Eight Steps to Outsmarting the System That Failed You and Getting Your Investments Back on Track, by Phil Town Click for printable size audiobook cover
3.0377358490566 out of 53.0377358490566 out of 53.0377358490566 out of 53.0377358490566 out of 53.0377358490566 out of 5 3.04 (53 ratings) (rate this audio book) Author: Phil Town Narrator: Marc Cashman Publisher: Penguin Random House Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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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 arent 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 its worse than that. The net effect of hitching your wagon to mutual funds is that over a lifetime theyll 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. Its 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.

Download and start listening now!

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Listener Opinions

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by eb4 | 11/20/2016

    " it's all about saving money. even when investing your money you can still save money and make money too. Phil Town in this book tells you how. There is an entire world of investing that destroys your average retirement funds and he makes everything super easy, if you just follow the rules. It makes cents. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by Terry | 9/16/2013

    " 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 | 6/7/2013

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

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by Richardyihuang | 12/31/2012

    " A good introductory book "

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