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Books : Rule #1: The Simple Strategy for Successful Investing--in Only 15 Minutes a Week!In association with Amazon.comfrom: Random House Audio  List Price: $27.95 Amazon.com's Price: $18.45 You Save: $9.50 (34%)Prices subject to change. Availability: Usually ships in 24 hours
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Binding: Audio CDDewey Decimal Number: 332.6 EAN: 9780739324646 Format: Abridged, Audiobook ISBN: 0739324640 Label: Random House Audio Manufacturer: Random House Audio Number Of Items: 4 Publication Date: March 21, 2006 Publisher: Random House Audio Release Date: March 21, 2006 Studio: Random House Audio Sales Rank: 405330 Related Items:
Editorial Review: Product Description: Phil Town is now a very wealthy man, but he wasn't always. In fact, he was living on a salary of $4000 a year when some well-timed advice launched him down a highway of investing self-education that revealed what the true "rules" are and how to make them work in one's favor. Chief among them, of course, is "rule #1": "don't lose money." Other rules are: don't diversify...think like an owner, not an investor ... never, ever be seduced into thinking the market is efficient. Town also believes strongly in "betting on the jockey," putting your faith in managers who've proven their financial mettle. Not only does Town reveal fresh methods for identifying who the truly reliable managers are, but he shows you how to test whether they really have faith in the businesses they're running. By far, the most controversial of the audiobook's assertions will be that giant 401(k) type mutual funds can't help but regress to the mean, and in the next twenty years, the mean could be very disappointing indeed. There's a very real chance that a 401(k) investor could see his holdings not grow at all in the next few decades. Fortunately, Town's stockpicking techniques are meant to walk investing phobes through the do-it-yourself process, equipping them with the tools they need to make quantum leaps toward financial security. Rule #1 says something new, and it says it in a way that every listener can understand. Average Rating:
 Rating:  - Strange mixture of fundamental investing and technical analysisI bought this because I wanted to learn how the author married up value concepts and technical analysis. This is possible, but why bother? if you identify value stocks, then why not hold them as Buffet does through thick and thin. The author suggests timing purchases by using MACD (8day and 17 day), Stochastics (14 day) and a 10 day moving average- this -imho-and I have looked at this on quite a number of charts- is ridiculous. you are using short term timers with long term fundamentals. In an up ... Read More Rating:  - Every Investor, Entrepreneur, and Doer MUST Read This Book: Understand What Great Business Is and How to Profit from ItIn today's chaotic times, the only person you can rely on is yourself to create the life and the future you desire. Phil Town follows the fundamental and value analysis that have made Warren Buffet, Peter Lynch, and Benjamin Graham legendary investors. He breaks down technical details into simple methods anyone can learn and apply. The basics of Rule #1 investing are: 1. Find a wonderful business 2. Know what it's worth as a business 3. Buy it at 50 percent off 4. ... Read More Rating: - No nonsense disciplined approach.I watched Phil Town speak at a motivational seminar several years ago. His rags to riches story is what compelled me to start investing. Though I didn't follow his advice at first... I rolled my old 401k over to a self directed IRA.. I made and lost money doing my own thing. I just recently bought his book and it's changed my view, and my account balance for the better. This book has a "investing for dummies" sense about it. It holds your hand thru the process. It's very straight forward ... Read More Rating: - Great Foundation to Screen StocksThe best book I have read on investing. I was able to develop a stock screener in MSN Money. If you have an online brokerage account and have access to Reuter's you quickly access 10 year growth rates (as prescribed in his book) without doing any calculation. A formual for picking the soundest investments. Rating:  - Save your moneyI don't recommend this book at all. I have read many books on investing recently, and they all agreed on one point - don't invest in a company just because you like the product. Town's advice is the opposite - make a list of things you like, and choose companies that are involved in those things. He also is against Dollar-Cost-Averaging, which every other book I have read tells you of the value of that. He tells you that he took $1000 and turned that into $1,000,000 in only 5 years. But he ... Read More Browse for similar items by category:
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