Payback Time: Making Big Money Is the Best Revenge!

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 €œmutual fund contributing€ €“ otherwise known as €œlong-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 €œstockpiling€ 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.