Payback Time Audiobook by Phil Town
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Listen to full audiobook for free : https://audiobookzap.com/free Title: Payback Time Subtitle: Making Big Money Is the Best Revenge! Categories: Finance, Investing, Leadership, Personal Finance Author: Phil Town Narrator: Marc Cashman Publisher: Random House Audio Release date: 03-02-2010 Language: English Summary: Don’t get mad, get even… Phil Town’s first book, the #1 New York Times bestseller Rule #1, was a guide to stock trading for people who believe they lack the knowledge to trade. But because many people aren’t ready to go from mutual funds directly into trading without understanding investing—for the long term – he created Payback Time. Too often, people see long-term investing as “mutual fund contributing” – otherwise known as “long-term hoping.” But 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 fund managers consistently beat the S&P 500 index over the long term, which means that 96% of fund investors see a smaller return on their nest egg than a chimpanzee who simply buys stocks in the 500 biggest companies in America and watches what happens. But it’s worse than that. The net effect of hitching your wagon to mutual funds is that over a lifetime they’ll fritter away as much 60% of your nest egg in fees. #ad Disclosure: As an Amazon Associate I earn from qualifying purchases.
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