Hello and welcome to our community!

[am13539]

Originally Posted by dspahr

I am new to this online community and I joined because i am intrigued with all the hype surrounding Phil Town and the Rule #1 best selling book. I am a little confused though as to the statements made concerning Phil Town, his investment returns, and his bio and i was hoping for some clarification. Every time he is introduced, the claim is made that he took $1000 and turned it into millions. At an average rate of 15% per year it would take close to 50 years to make just 1 million- He claims to have done this in just a few years - Can anyone provide clarification on this? He obviously didnt get rich following the advice he is selling or am i missing something?

This is not meant to be a knock against Phil Town in anyway or his methods. I am just a young investor trying to learn.

Thanks

I think Mr. Town made his million in 5 years doing options even though he doesn't fully explain it how he did it.

[npg]

I think he made them giving seminars on how to make millions :P

[markrmccracken]

I heard him speak once and remember him saying he made most of it in real estate.

[dcarlson53]

Hi just finished reading Phil's book and come across a link to this site on his glad I did I have read a few post and can see i'm at the right place to help me improve on doing Rule One the right way special thank's to Justin on the auto MOS calculator what a cool tool. So much information to take in thanks to all who share their thoughts and help. Looking forward to learning.

[AlexG]

welcome aboard mate,
we have intelligent people on board so ask any questions you want

[moshunter]

Hello folks. I finished listening to Phil's book on CD and then read the book a little over a month ago and am very intrigued. I traded stocks for a couple years and didn't do so well and got completely out about 6 years ago. Now I'm interested in getting back in and was happy to stumble over this web site. Looks like a nice group of folks with a common interest in investing and especially in Rule #1 investing. Anyhow, hello from Alaska!

[sanjayshetty]

Hi everyone,

I'm Sanjay from Mumbai, India.
I've been a fan of Phil Town's Rule#1 book and am now onto reading Intelligent Investor by Ben Graham.

I've been looking for free reliable sources of company data in India. Infact I've started on creating a Margin of Safety Calculator in Excel using data from an Indian site.

If anybody has any suggestions of a free reliable source of company data please reply to this post. If anyone is from India and is already investing in the Indian market using Phil's philosophy would love to touch base.

Regards,

Sanjay Shetty

[capp53]

Welcome Sanjay,

The stock I love in India is HSDC Bank. They numbers have been consistent and I had an MOS in the low 70's. My play is on the average Indian citizen needing banking services. What do you think?

[Spoop]

What he said and continues to say is that 15% is the minimum return to expect as a rule# 1 investor. With enough perfect practice and guidance returns can soar thereby compounding the effect and shortening the time it takes to get from 1&3 zeros to 1&6 zeros.

[Spoop]

Not as intelligent as Buffett but believe we're on the right trail following the lead rabbit