Investor Get Ready

Phil Town teaches investors

Phil Town will release his new book Payback Time in less than 30 days in every major bookstore in the U.S. This is the follow up to Town’s best selling book called “Rule #1″ investing and finance books by Random House publishing. Eventually his first book was translated into 7 different languages.
Phil Town Payback Time is about the proper way to buy and hold a stock. The most critical part of buying and holding is making sure you are buying a good business ON SALE. You’ve got to know what the thing is worth and buy it for a lot, lot less if you want your long term investing results to be spectacular – like 25% a year kind of spectacular. To get returns like that, you have to buy right. I call buying right the Payback Time Price. Payback Time is a concept I borrowed from doing private equity deals. When we buy a private business, we’re not so certain where we are going to sell it. Maybe no one wants it when we want to sell it. So we wanted to be sure we could get our money out of the deal from earnings in a short time. Like 7 years or so. The time it takes to get your money out of a deal is called the Payback Time and its powerful notion because once you have your money out of the deal, you have no risk. You have no downside. You only have potential profit. That is Rule #1 investing at its finest. Phil Town says the too often folks see long-term investing as mutual funds only otherwise known as long-term-hoping. 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 all mutual fund managers consistently beat the S&P 500 index in the long term. Payback Time book is about the risk-free approach called stockpiling.