{"product_id":"book-awpk","title":"Payback Time","description":"\u003cb\u003eDon’t get mad, get even…\u003c\/b\u003e\u003cbr\u003e \u003cb\u003e \u003c\/b\u003e\u003cbr\u003e Phil Town’s first book, the #1 New York Times bestseller \u003ci\u003eRule #1, \u003c\/i\u003ewas 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 \u003ci\u003etrading \u003c\/i\u003ewithout understanding \u003ci\u003einvesting—\u003c\/i\u003efor the long term – he created \u003ci\u003ePayback Time.\u003c\/i\u003e\u003cbr\u003e  \u003cbr\u003e 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\u0026amp;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.\u003cbr\u003e  \u003cbr\u003e But it’s \u003ci\u003eworse \u003c\/i\u003ethan 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.  Once you understand how funds engineer this, you’ll rush  to invest on your own.\u003cbr\u003e  \u003cbr\u003e \u003ci\u003ePayback Time’s \u003c\/i\u003erisk-free approach is called “stockpiling” and it’s how billionaires get rich in bad markets.  It’s a set of rules for investing (not trading but \u003ci\u003einvesting\u003c\/i\u003e) in the right businesses at the right time -- rules that will ensure you make the \u003ci\u003ebig \u003c\/i\u003emoney.","brand":"Penguin Random House","offers":[{"title":"Audiobook","offer_id":49340027273520,"sku":"BDawpk","price":20.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0879\/2784\/9264\/files\/174822-awpk-Square.jpg?v=1734035717","url":"https:\/\/downpour.com\/products\/book-awpk","provider":"Downpour","version":"1.0","type":"link"}