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Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!
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.
Also available as a Random House AudioBook and eBook. more
- From: Amazon
- Posted: Aug-20-2009
It's Harder Than It Looks: But It Works
I applied Phil Town's ideas and have been very pleased. I used his concepts to research Chico's - a nationwide retailer of women's clothes - after I noticed my wife and her girlfriends buying all their clothes at this one shop. The stock met his criteria - especially in terms of having a lot of...
Read full review | Report as inappropriate- From: Amazon
- Posted: Aug-08-2009
Great on valuation and stock selection, weak on reading the broader market
This book is great at getting you to select a personal portfolio of stocks that mean something to you, and how to do the valuation calculations that identify a great buy. It's also a great introduction to Buffett and Munger's investment rules and philosophies. The part about broader market...
Read full review | Report as inappropriate- From: Amazon
- Posted: Aug-05-2009
The Time is Right to Activate Rule #1
Phil Town's guide to successful investing is a formula that works well over time; after the recent global financial meltdown, the time is right to once again activate Rule #1. The beleaguered investor has been beaten down by horrible results from all sectors; I think we're finally in the early...
Read full review | Report as inappropriate- From: Amazon
- Posted: Jul-12-2009
Rule #1
The author provides some simple rules to governinvestments; namely, value, the existence ofa wide moat, great management(historically),a margin of safety and long term ownership.For the long term, passion, talent and moneyare intersecting points. The 5 moats are:return on investment, sales...
Read full review | Report as inappropriate- From: Amazon
- Posted: Jun-28-2009
Must-read for long-term investors
There must be 100,000 or more books written on investing or trading. Phil Town's RULE #1 is one of the better ones I've come across. The greatest value to me was learning how to identify when a stock is truly a good value. After reading the book, I also purchased the audio portion, which does...
Read full review | Report as inappropriate- From: Amazon
- Posted: Jan-15-2009
Horrible Advice
One of the most simplistic and untrue book on investing I have ever read, and I've read plenty.He tells you that getting a 15% annual return is very easy to do if you just follow his advice, LMAO.Oh yeah, tell that to all of us who have lost 30-40% of our money in the stock market these last...
Read full review | Report as inappropriate- From: Amazon
- Posted: Jan-04-2009
Strange mixture of fundamental investing and technical analysis
I 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...
Read full review | Report as inappropriate- From: Amazon
- Posted: Nov-23-2008
Every Investor, Entrepreneur, and Doer MUST Read This Book: Understand What Great Business Is and How to Profit from It
In 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...
Read full review | Report as inappropriate- From: Amazon
- Posted: Nov-13-2008
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...
Read full review | Report as inappropriate- From: Amazon
- Posted: Nov-09-2008
Great Foundation to Screen Stocks
The 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...
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