Rule One Investing Blog

This blog was started, inspired and based upon the book written by Phil Town, Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!.

I ordered the book because I’ve always been interested in learning how to invest. A picture of the book came up on the front page of Amazon. I clicked on it just to see what it was all about and spent the $15 to get the book. Upon reading the book I was instantly inspired with my new found knowledge. I do realize that the book was written in an “inspirational speaker” manner. However, upon reading the book twice I think that this is my chance to try and learn about the stock market and buying good companies. The whole premise of the book is that you can simply take $1,000 and turn it into 1 million dollars trading in this manner. I realize that this is a pipe dream (or might be possible in the long LONG run) but I’m starting trading with only the money I can lose.

— Update Feb 1st, 2011 —
I recently read Payback Time by Phil Town and was equally inspired. In fact, after reviewing my Mutual fund performance over the past 4-5 years I’m even more inspired to give this a shot. I’m going to be trying to apply Payback Time principles to my investing and blog as I don’t have the time it requires to daily monitor stocks to get in and out and would like to simply buy a great company at a discounted price.
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The goal of this blog is to document my progress using the Rule #1 and Payback Time approach. I’m planning to discuss everything from my train of thought, my watch list and my current purchases for good or bad. I appreciate any comments or criticism that you have on my trades.

Disclaimer: I’m not a professional trader. All the information on this site are my thoughts or opinions. Any information should not be construed as recommendations towards a certain stock or industry. Follow any of my advice at your own risk financially or otherwise. ie: don’t copy me as who knows if this is going to work.

I have no affiliation with Phil Town and his investing approach.