In payback time phil gets into even more detail about buying stocks and steers the novice into the proper investment direction. Overall its the most valuable investing book i have ever bought. Finally, an investment book thats easy to understand and actually works in the. The book explained payback time as a method to reduce emotional fears and how to use floors and ceilings, a technique used by traders, to time purchases for maximal return.
On the invested podcast, phil and his daughter danielle shine a lig. But because many people arent ready to go from mutual funds directly into trading without understanding investing for the long term, he created payback time. You set a stockpiling price at the lower of the margin of safety price or the 8 year payback time price and you can read my new book, payback time, to see how. Town s origin story is that casting about after serving in vietnam as part of the green berets, he worked as a river guide in the grand canyon, where an older investor he met offered to teach him the ways of the stock market. And if you are a beginner in the world of investing this is a great book to start with. An average high school student, he completed college on his fourth try. Essentially, you still need to find great companies at great prices, and phil adds one more tool to help you decide whether or not its wise to. Payback time explains the concept of stockpiling stocks for long term high returns with low risk. How phil inspired danielle that she can invest and have financial freedom.
Payback time will be hitting amazon and other online retailers in march of 2010, and is available for preorder now. Phil town is the classic everyman, albeit one whose education and resources were more limited than most. Tax time means time to wake up and consider any available strategies that can help you reduce your tax liability. Phil town writes that this book is not about value investing but rule 1 investing, because that is what warren buffett practices he adds.
To put it simply, a person buys stock in an individual company that they deeply believe in for whatever reason, then they just keep buying more and more of it. Phil town s payback time will revolutionize investing. Phil town has done it once again with his new book, payback time. Phil town s 2nd investment book, payback time, came out in march 2010, and is now available in paperback and e book editions. Calling on time proven strategies used by the worlds best investors, he shows how you can reverse your nest eggs downward direction by purchasing the. Payback time by phil town free pdf ebooks downloads. Town opens the book by explaining the basic strategy payback time is focused on, which he calls stockpiling. This complete summary of the ideas from phil town s book payback time shows that, all too often, people put their longterm investment capital into mutual funds and then sit back and hope someone else will make them the millions they need to fund their retirement. On the invested podcast, phil and his daughter danielle shine a light on the successful investing strategies that gurus like warren buffett have used for 80 years. I am a student of phil and now danielle thanks so much guys. Phil towns books can be understood by almost anyone take detailed notes while reading. There are still the 4 ms meaning, moat, margin of safety, and management for.
It gives you a sense, as an owner, of how long it would take you to get your investment back, based on the companys historical earnings stream. Payback time by phil town, 9781847940643, download free ebooks, download free pdf epub ebook. Phil town looks and analyzes the historical growth rate of % a year, many analysts. Phil towns payback time will revolutionize investing. They either dont have the skill set necessary to successfully stockpile businesses but phil town teaches you how in payback time. The simple strategy for successful investing in only 15 minutes a week. Phil town is an expert investing guru using the payback time method of investing and value investing. But because many people arent ready to go from mutual funds directly into trading without understanding investing for the long term he created payback time. A berky is any investment that you load up with cash, invest it. Margin of safety 50% below sticker price, or payback time of eight years or less, or 70% of tangible book value or less. With the payback time system, selfdirected retirement plans are what you need to consider.
The previous books dive a little deeper into some of the specifics, but invested provides you with the knowledge to better understand the previous books. As phil town illustrate in payback time, even if your employer matches your contributions, the tax effect essentially nullifies any benefit of the 401k. But because many people arent ready to go from mutual funds directly into trading without understanding investingfor the long term he created payback time. In my book, payback time, i spend a whole chapter talking about berkies. Investing book releasepayback time phil town youtube. Phil town doesnt think traditional 401k plans are the way to go because most give you very few investing options. It also got an endorsement from the former sec chairman arthur levitt on the back. Though just reading it wont allow you to identify stocks and ceilings it does provide you with more tools to analyse the market and stock prices it is reassuring to know.
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