A new book by Phil Town, “PAYBACK TIME: Making Money is the Best Revenge” will be in the bookstores for investors and wanna-be investors everywhere on March 2nd, 2010.
Online PR News – 10-December-2009 – – Finally it’s done. A new book by Phil Town, “PAYBACK TIME: Making Money is the Best Revenge” will be in the bookstores for investors and wanna-be investors everywhere on March 2nd, 2010.
Phil Town's PAYBACK TIME is the book he probably should have written first. PAYBACK TIME is the first book to spell out for you exactly how to do that sort of long term, buy and hold, stick it away forever sort of investing. It is about how the best long term investors in the world go about making those gigantic long term 20 year compounded rates of return of 30% to 50% per year. This is how we do it step by step so simple that everyone can do this. It ain’t rocket science, guys, its just knowing two things: Is it a wonderful business? Is it on sale? Wonderful and cheap. That’s it. Simple. Easy. Wonderful is pretty easy. And knowing its on sale? Well, lets just say that Payback Time is not just about revenge. Its also a term we use when we buy a private company to get an idea of how long it will be before earnings let us get our money out of the deal.
In Phil Town's RULE #1, Phil showed you how to do a quick analysis of a business and then trade it using tools that track the Big Guys. If you’ve followed what Phil Town investing taught you you’ve done well in this market meltdown. But too many of you guys are jumping into stocks you really don’t know the value of. You didn’t do your homework. As some of you discovered, you can get burned trading that way. That certainly wasn’t his intention when Phil wrote RULE #1. He wanted you to be investors. But Mr. Town created a bunch of traders. Trading can burn you if you don’t have a good investing foundation. Phil doesn’t want you to get burned. He wants you to get rich. In fact, Phil Town wants you to get rich without taking any more risk than you are taking in some indexed mutual fund. Phil Town says "I want you to know you are going to be rich with great certainty". He wants you to know that when you are ready to stop working for a living, you’ll have a bunch of money in great businesses that will last you the rest of your life. For that, you are going to have to learn to become a PAYBACK TIME type investor.