Rule #1

By Phil Town

Rule #1 - Phil Town
  • Release Date: 2006-03-21
  • Genre: Personal Finance
Score: 4.5
4.5
From 70 Ratings

Description

#1 NEW YORK TIMES BESTSELLER • “The clearest and best book out there to get you on the path to riches. This one’s special!”—Jim Cramer, host of CNBC’s Mad Money
 
“Great tools for anyone wanting to dabble in the stock market.”—USA Today
 
Phil Town is a very wealthy man, but he wasn’t always. In fact, he was living on a salary of $4,000 a year when some well-timed advice launched him down a highway of investing self-education that revealed what the true “rules” are and how to make them work in one’s favor. Chief among them, of course, is Rule #1: “Don’t lose money.” 
 
In this updated edition to the #1 national bestseller, you’ll learn more of Phil’s fresh, think-outside-the-box rules, including:
• Don’t diversify 
• Only buy a stock when it’s on sale 
Think long term—but act short term to maximize your return 
• And most of all, beat the big investors at their own game by using the tools designed for them
 
As Phil demonstrates in these pages, giant mutual funds can’t help but regress to the mean—and as we’ve all learned in recent years, that mean could be very disappointing indeed. Fortunately, Rule #1 takes readers step-by-step through a do-it-yourself process, equipping even the biggest investing-phobes with the tools they need to make quantum leaps toward financial security—regardless of where the market is headed.

Reviews

  • Enlightenment

    4
    By Alp32876
    Good information.
  • I’ve Never Felt So Comfortable

    5
    By tship15
    Phil is such a unique writer! While his style is a little unorthodox, it’s so relatable and informal. In this book he is very careful to repeat the important things over and over so you know what to prioritize. He breaks down every step and explains in detail the process while encouraging the reader to do only what’s best for THEM. Overall, I couldn’t put this book down and now I know more about investing and the stock market than ever. I’m super excited to get started with my adventure in the market! Thanks Phil for writing this. I’ve never felt so comfortable starting a new skill!
  • Rule number 1

    4
    By California-guy
    I read both of Phil's books, I also went to his seminar. The program works if you follow it, keep it simple and don't get off the path. Greed and thinking you know best will take you down.Do you want to make money, follow the book.