The New book-Payback Time

Phil Town writes bestselling, unfashionable RULE #1 advice. NY Times and Amazon bestselling - like his first book, Rule #1. Not too-sexy advice because Town focuses on the sorts of things that don't make big instant wealth. Town's first book covered a number of key investment and financial planning concepts like Return on Investment, Capital and Equity, how to read form 10Ks and what to look for in financial disclosure forms. The truth is that investing in companies means spending more time looking for things to queer the deal on potential investments, rather than looking for things that will make you want to put your money into play.

Phil Town's new book, Payback Time, like Rule #1, is geared towards educating the investor - Town understands that investors who have made the transition from mutual funds to self-funded IRA's need a bit of traing for long term investing, and that the current market is a place that's rife with potential bargains to be had...and he gives a pretty stunning indictment of the mutual fund industry, pointing out that only four percent of fund managers have beaten the S&P 500 over the long haul, and that if you're going to do a mutual fund, you might as well invest in an index fund.


Phil Town covers a thing called "stockpiling", and is based off of strategies showing how investors (including Buffett) made large amounts of money by investing in down markets. It's about identifying stocks that are undervalued because of the current credit melt-down, and while it's really basic, Town's easy, non-technical explanations (with the sidebars explaining what the thought and decision process is) makes it accessible.

PAYBACK TIME is available for pre-order now at Amazon, Borders books and Barnes and Noble.