{"product_id":"2940169232905","title":"Payback Time: Making Big Money Is the Best Revenge!","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\u003c\/i\u003e's risk-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. \u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003ci\u003eFrom the Hardcover edition.\u003c\/i\u003e","brand":"Penguin Random House","offers":[{"title":"Default Title","offer_id":47104387645680,"sku":"2940169232905","price":20.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940169232905_p0.jpg?v=1763675874","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940169232905","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}