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    Payback Time (Review and Analysis of Town's Book)
    Payback Time (Review and Analysis of Town's Book)
    Payback Time (Review and Analysis of Town's Book)
    Ebook41 pages30 minutes

    Payback Time (Review and Analysis of Town's Book)

    By BusinessNews Publishing

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    About this ebook

    The must-read summary of Phil Town's book: "Payback Time: Making Big Money Is the Best Revenge".

    This complete summary of the ideas from Phil Town's book "Payback Time" shows that, all too often, people put their long-term investment capital into mutual funds and then sit back and hope someone else will make them the millions they need to fund their retirement. In his book, the author offers a better approach to becoming a savvy investor. This summary will teach you the art of "stockpiling", which will enable you to invest in the right business at the right time.

    Added-value of this summary:
     • Save time
    • Understand key concepts
    • Expand your investment knowledge

    To learn more, read "Payback Time" and become an expert at making the right investment and turning a down marketing into an up portfolio.
    LanguageEnglish
    PublisherBusiness Book Summaries
    Release dateOct 28, 2014
    ISBN9782511019696
    Payback Time (Review and Analysis of Town's Book)

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      Book preview

      Payback Time (Review and Analysis of Town's Book) - BusinessNews Publishing

      Book Presentation: Payback Time by Phil Town

      Book Abstract

      About the Author

      Important Note About This Ebook

      Summary of Payback Time (Phil Town)

      1. The Theory of Stockpiling

      2. Stockpiling in Action

      Book Abstract

      MAIN IDEA

      All too often, people put their long-term investment capital into mutual funds and then sit back and hope someone else will make them the millions they will need to fund their retirement. That’s all well and dandy, but the brutal reality is:

      Mutual fund management fees will steal as much as 60 percent of your capital over the lifetime of your investments.

      Only four percent of mutual fund managers ever succeed in beating the S&P 500 index over the long term.

      When the markets go down, all mutual funds tend to go down with them, even those which are described as being low-risk.

      There’s got to be a better approach and fortunately there is. It’s called stockpiling – how and when to accumulate stock in a wonderful business as the market price is going down rather than up. Stockpiling is the strategy the richest people in America have been using to make their billions by being savvy investors. Stockpiling enables you to invest in the right business at the right time and is exactly how the best investors can turn a down market into an up portfolio.

      In essence, stockpiling means when you find a good investment, you buy as much of it as you can afford with 25% of your investment funds. If the price subsequently goes down, you use that as an opportunity to buy even more at a lower price. If you’ve done your homework and found a wonderful business, ultimately the market will recognize that and your investment will eventually start rising in price to its true value. You’re then well positioned to lock in the gains you’ve generated

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