Purchase
The Simple Strategy for Successful Investing in Only 15 Minutes a Week!
Crown
March 2006
320 pages ISBN: 0307336131 Hardcover
Add to Wish List
Non-Fiction | Self-Help
Before I became "Phil Town, teacher of investing principles
to more than 500,000 people a year," I was a lot like you:
someone who viewed individual stock investing as way too
hard to do successfully. As a guy who barely made a living
as a river guide, I considered the whole process pretty
impenetrable, and I was convinced that to do it right you
had to make it a full-time job. Me, I was more interested in
having full-time fun. So I was tempted to do what you're probably doing right now:
letting some mutual fund manager worry about growing your
nest egg. Let me tell you why that decision could one day
make you absolutely miserable. The fact is, because of natural market cycles, the mutual
fund industry is likely to soon be facing twenty years of
flat returns. That means that if you've got your nest egg
tucked away in funds--especially the type found in most
401ks--your egg won't get much bigger than it is now.
Translation: Get ready for a retirement filled with lots of
cold cuts, plenty of quality TV-watching time, and a place
to live that's too small to accommodate your visiting kids. In this book I'll show you how I turned $1,000 into $1
million in only five years, and then proceeded to make many
millions more. I came to investing as a person who wasn't
great at math, possessed zero extra cash, and wanted a
life--not an extra three hours of work to do every day. Fortunately, I was introduced to The Rule. Rule #1, as famed investor Warren Buffett will tell you, is
don't lose money. Through an intriguing process that I'll
clarify in this book, not losing money results in making
more money than you ever imagined. What it comes down to is
buying shares of companies only when the numbers--and the
intangibles--are on your side. If that sounds too good to be
true, it's because the mind-set I'll be introducing you to
leads not to bets but to certainties. Believe me, if there
were anything genius-level about this, I'd still be a river
guide collecting unemployment much of the year. Part of the secret is thinking of yourself as a business
owner rather than a stock investor. Part is taking advantage
of today's new Internet tools, which drastically reduce the
"homework factor." (We're talking a few minutes, tops.) Part
is knowing the only five numbers that really count in
valuing a potential investment. And part--maybe the most
important part--is using the risk-free Rule #1 approach to
consistently pay a mere 50 cents to buy a dollar's worth of
a business. What I won't waste your time with is fluff: a lot of vague
parables reminding you of what you already know and leaving
you exactly where you started. This is the real deal, folks:
a start-to-finish, one-baby-step-at-a-time approach that
will allow you to retire ten years sooner than you planned,
with more creature comforts than you ever imagined.
Comments
No comments posted.
Registered users may leave comments.
Log in or register now!
|