Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! by Phil Town Summary and Reviews
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Book Reviews of Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!
Book Review: A must read, especially in this economy.
Summary: 5 Stars
I bought this book last year. I read it twice before embarking slowly with real money. I Started with small investments. Over the last 11 months, my investments are up 14.8 %. I am not kidding. What happened is that I did not have much time to look at methods that Phil was talking about. As I started Googling, I found that there was a support community out there. [...]
With the help of my own diligent research, and Stock2own, I was able to make some sound investments, and not only did I NOT loose money, which is the first principle of Rule #1 investing, but I actually made almost 15%!
Wow - thanks Phil.
CJ
Book Review: John W
Summary: 5 Stars
This book is well worth the money. It works as a reference and a tutor and how do for the Buffet method of investing. It is well written and has an entertaining style.
The hard part is identifying a set of stocks that qualify. I spent weeks trying to do it and the ones I came up with were all out of price range. The solution that I found to that was to subscribe to[...] and their advisory monthly letter/email. The tracking methods are clear and easy to apply.
Book Review: Horrible Advice
Summary: 1 Stars
One of the most simplistic and untrue book on investing I have ever read, and I've read plenty.
He tells you that getting a 15% annual return is very easy to do if you just follow his advice, LMAO.
Oh yeah, tell that to all of us who have lost 30-40% of our money in the stock market these last years.
If you want to lose money in the stock market, buy this book.
Book Review: Strange mixture of fundamental investing and technical analysis
Summary: 1 Stars
I bought this because I wanted to learn how the author married up value concepts and technical analysis. This is possible, but why bother? if you identify value stocks, then why not hold them as Buffet does through thick and thin. The author suggests timing purchases by using MACD (8day and 17 day), Stochastics (14 day) and a 10 day moving average- this -imho-and I have looked at this on quite a number of charts- is ridiculous. you are using short term timers with long term fundamentals. In an up trending market you will be fine, and yes, you will be out in a down trending market, but in a sideways market (possibly 70% of the time) you will be savagely whipsawed, with severe loss of capital, and the fact that you are in value stocks is likely to make not the slightest difference. The book lacks any credible backtesting, and I therefore wouldn't risk my money on this approach. If the author made his money in the last bull run, I suggest he is making the biggest mistake of all - confusing the tide which lifts all boats with his own approach. Its a good read on the fundamentals, but I would steer very clear of this confused approach to investment. I would tend to use a longer timer say 50 day and 150 day to get in and out.Book Review: Every Investor, Entrepreneur, and Doer MUST Read This Book: Understand What Great Business Is and How to Profit from It
Summary: 5 Stars
In today's chaotic times, the only person you can rely on is yourself to create the life and the future you desire. Phil Town follows the fundamental and value analysis that have made Warren Buffet, Peter Lynch, and Benjamin Graham legendary investors. He breaks down technical details into simple methods anyone can learn and apply.
The basics of Rule #1 investing are:
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
Albert Einstein said the power of compound interest was one of the greatest miracle known to man. Through it, anyone can become wealthy. If you begin with a $50,000 account that returns 15% a year, and you constantly save an additional $300 a month to add to that investment fund, you would have over $1,450,000 in just 20 years. This means you can live off the 15% interest of $215,000 a year, without ever touching the principal of $1,450,000 that sits in the bank and continues to grow for you (27).