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Glad you asked.

The strategy detailed in the first book authored by Phil Town , Rule #1, starts with Rule #1 principles with success anchored on active trading. The strategy explained in The new book Payback Time is about active investing: how to properly buy and hold a stock. Phil Town calls this investing strategy stockpiling, because it’s about how and when to accumulate a wonderful business while the price is going down.

The combination of Rule #1 principles with the tactic of “stockpiling” stocks is the winning ticket to a rich life—particularly now. In fact, this time- tested approach to investing is exactly how the best investors in the world turn a down market into an up portfolio. The richest people in America use this strategy as their basic way of making billions, even if they prefer to keep it a secret. It’s time you learned how they do it, and then go do it yourself. Follow what Town teaches and you will overthrow the financial industry that failed you . . . and seize the investing opportunity of a lifetime.

In Phil Town’s first book, Rule #1, he taught you how to do a quick analysis on a business, find its value, and then trade it with the help of technical tools. Think of this book as the prequel to Rule #1. You have taught me that doing this on your own can be scary. Not because the techniques are hard, but because if you’re going to do it, you’ve got to ignore the lies the financial services industry is telling you.

As much as the readers and students of Phil Town want to be better investors, they are continually bombarded with advertisements and TV shows that tell them they can’t do this on their own—that it’s too hard, too complicated, that we should leave it to the “experts.” There are bestsellers written every year that “prove” to you no one, not even Mr. Buffett, has beaten the market and, therefore, there is no reason for you to try.These ads, books, and shows are wrong. And they are not just “mistaken.” They’re lying to you. They know that good investors beat the market all the time. It’s an inescapable fact. But what is at stake is so huge that reality is not going to be allowed to intervene.

What is at stake is no less than the $100 billion transfer of wealth annually from your pocket to theirs. Countries have gone to war and millions have died for far less wealth than that. Don’t think for a second it isn’t possible for an entire industry to warp reality in order to justify taking in that kind of money.

Last year Phil Town began training people worldwide in the concepts of Rule #1 investing and Payback Time stockpiling. I’m thrilled to see the results my PAYBACK TIME students are experiencing. Of course, we’ve been in a massively uncertain, volatile market, and that has accelerated the results that can be achieved by my methods. But since there is no reason to think the market is going to get any more certain in the future, I’m excited about your chances of making a great deal of money faster than is normally possible—if you take action.

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Melissa has had an account at B of America since before 2002. She deposits a check every month and for every month since she opened the account 8 years ago, she could write checks immediately against the check she deposited and the bank would cash them. For 8 years. Then last month the bank told her they would no longer do that. They were going to hold the check for about a week until it ‘cleared’.

What happened? Bank of A has ordered its branch managers to gather in the ‘float’ at the cost of losing some accounts to more customer friendly banks. (‘Float’ is cash the bank has in its accounts that it doesn’t own. Melissa’s money belongs to her, the bank cashes the check immediately and then sits on that money for several days during which time it can lend it out short term. Any money, even a very small amount which makes them interest with no cost is pure profit for the banks.

So do we want to own this kind of business as a Payback Time investor?

No. Hell, no. I don’t want to own businesses that screw the little guy, I don’t care how much money they make. Screw them. We’re moving all our accounts to BB&T. I love their attitude over at BB&T. They walk their talk. And they like Ayn Rand.

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