Summary of Phil Town's Rule 1

Excerpt From Summary of Phil Town's Rule 1



#1



The best low-risk investment is a US Treasury bond, which gives you a return of about 4 percent. Invested solely in these, you're guaranteed a 4 percent return after 10 years. However, most boomers will have to wait an additional 10 years to see that return reflected in their bank account.



#2



Investing is risky if you don’t know what you’re doing. If you don’t know what you’re doing, your journey will be slow or dangerous.