Rule #1
The Simple Strategy for Successful Investing in Only 15 Minutes a Week
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4.6 • 14 Ratings
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- £3.99
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- £3.99
Publisher Description
Who's going to provide for your future? There's a crisis looming in pensions. Investing in property is time-consuming and risky. Savings accounts yield very little return. If you're not careful, you could be looking at a very uncomfortable retirement. But surely the alternative - investing in the stock market - is risky, complicated and best left to the professionals?
Phil Town doesn't think so. He made a fortune, and in Rule #1 he'll show you how he did it.
Rule #1:
- Sets out the five key numbers that really count when you're buying stocks and shares
- Explains how to use new Internet tools to simplify research
- Shows how to exploit the advantages of being an individual investor
- Demonstrates how to pay fifty pence for every pound's worth of business
This simple and straightforward method will guide you to 15% or better annual returns - in only 15 minutes a week. It's money in the bank!
PUBLISHERS WEEKLY
For amateur investors who admire the incredible returns produced by Benjamin Graham Warren Buffett style value investing but can't figure out how to replicate these billionaires' methods at home, Town's investment guide is manna from heaven. A former river-rafting guide, Town learned how to calculate such crucial numbers as Return on Investment Capital and Equity Growth Rate from "Wolf," a wealthy rafter whom Town saved from a rapid in 1980. Under Wolf's tutelage, Town learned how to turn $1,000 into $1 million in five years, but the selection of lucrative stocks took weeks of library research. In this engaging and accessible book, Town shows readers how to replicate that sort of exhaustive market research on the Internet and shorten the research time to just a few hours per stock. Fans of The Intelligent Investor will recognize that Town's Rule #1 formula "1) Find a wonderful business, 2) Know what it's worth as a business, 3) Buy it at 50 percent off, 4) Repeat until very rich" is a variation of Benjamin Graham's investment philosophy. (Graham and Buffett are cited heavily throughout the book.) But Town's ability to break down that philosophy into a detailed, step-by-step program that can be understood by any reader with basic math skills is unique. His chummy, reassuring tone ("If you're finding yourself already a bit overwhelmed, take a deep breath") will leave readers feeling empowered and ready to manage their money themselves.
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