Payback Time: Making Big Money Is the Best Revenge! Book

My first book, Rule #1, was a guide to stock trading for people who believe they lack the knowledge to trade. It was deeply satisfying to see Rule #1 reach #1 on the New York Times bestseller list and sell hundreds of thousands of copies. I've since come to realize, though, that many people aren't ready to go from mutual funds directly into trading without understanding investing-for the long term. I'm baffled by why so many people trust fund managers to grow their money given that the vast majority have proven that they can't beat the market. Indeed, only 4% have shown themselves capable of beating the S&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.The risk-free approach I'm advocating here is called "stockpiling" and it's what we've learned from billionaires about how to get rich in bad markets. It's a set of rules for investing (not trading but investing) in the right businesses at the right time - rules that will ensure you make the big money. Most important, by following these rules, you'll be able to sleep at night, knowing the long-term value of your portfolio goes up in a down market.Read More