This is what was happening to me when i read carl deukers payback time. Learn how to use this blog as an educational supplement to phil s books. The new site has been designed and launched in preparation for his forthcoming book payback time, slated for release on march 2nd, 2010 by random house. A promise that you will take steps to achieve financial freedom. Future pe payback, payback time, pe ratio, phil town this entry was posted on june 14, 2010 at 12. For example, i am forced to conclude that those nigerian emails promising tens of millions of dollars must somehow snare a few people, otherwise they wouldnt get sent. 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. Thus, when he finished his followup book, i was quite happy to give it a read.
Mar 15, 2010 phil town teaches payback time investing. 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. The simple strategy for successful investing in only. Payback time by phil town free pdf ebooks downloads. Use features like bookmarks, note taking and highlighting while reading payback time. Jan 20, 2009 i noticed that this blog does not include any dates for when the comments were made, but they appear to be sometimes months apart.
Ter represents one of the lessons ive learned over the past 26 years. Reviewing phil towns book, payback time seeking alpha. By downloading and install the online payback time. But because many people arent ready to go from mutual funds directly into trading without understanding investingfor the long term he created payback time. Phil town s investing strategy takes only 15 minutes per week.
A more complete tutorial, with screen shots, is available in the resources area of this site. Does mcdonalds qualify under the 3ms that phil town teaches. Deukers descriptions were so vivid with details, for example, a hard knot of fear in my stomach, or the fear rushed back. Dont get caught in the dollar cost averaging trap phil town. Download it once and read it on your kindle device, pc, phones or tablets. Mcdonalds had meaning because they were rapidly expanding into china. Its a set of rules for investing not trading but investing in the right businesses at the right time rules that will ensure you make the big money. Finding the sticker price and margin of safety calculations invested. This summary of the ideas from phil metropoliss book payback time reveals that, all too sometimes, people put their long time interval funding capital into mutual funds after which sit once more and hope one other individual will make them the a whole lot of hundreds they could need to fund their. Payback time s riskfree approach is called stockpiling and its how billionaires get rich in bad markets. Mar 16, 2010 phil town doesnt think traditional 401k plans are the way to go because most give you very few investing options. Ive provided some helpful resources and a handy guide, but only you can dedicate the time and discipline it takes to complete this journey. Payback time ebook by phil town 9780307461889 rakuten kobo.
You can follow any responses to this entry through the rss 2. I am a student of phil and now danielle thanks so much guys. It constantly kept me hooked with plot twists and clues. Forbes i have authored 2 new york times bestsellers.
As phil town illustrate in payback time, even if your employer matches your contributions, the tax effect essentially nullifies any benefit of the 401k. Mar 08, 2010 finding the sticker price and margin of safety calculations invested. But because many people arent ready to go from mutual funds directly into trading without understanding investing for the long term he created payback. Dont get caught in the dollar cost averaging trap phil town duration. Payback time by phil town overdrive rakuten overdrive.
As cynical as i am, there are still forms of human gullibility that surprise me. Where prompted, enter the following numbers into the. Philip bradley town born 21 september 1948 is an american investor, motivational speaker. The other day i received a comment from doug, about a discussion he had with his wife. Town uses a variety of factors to identify a moat, such as 10%plus growth rates for 10 years in return on investment capital, sales growth rate, earnings per share, book value, and free cash flow. Now, i want you to take the time today to make a promise to yourself. The simple strategy for successful investing in only 15 minutes a week. It appeared to be run by proven, owneroriented management.