52: The # 1 Rule of Investing, with Phil Town

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 3 May 2017

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Phil Town is an investor, motivational speaker, hedge fund manager and 2x New York Times best-selling author. Through Rule #1 Investing, he teaches personal investing at a free 3-day workshop where he empowers people to invest money on their own and stop relying on fund managers to determine their financial future.

Phil started in the U.S special forces and worked as a Grand Canyon river guide up until 1980. He fell into finance in such a unique way and managed to turn $1,000 into over $1 million in just 5 years. Find out how Phil's methods contributed to all of his success in life and investing.

Links:

Linkedin
Facebook
@Rule1_Investing

>Phil’s 3-Day Transformational Investing Workshop

Where are we:

Barcelona - Sam & Johnny FD
Atlanta - Phil

Discussed:

ILAB 50 – Wealthfront CEO Andy Rachleff, Investing the Robo Way

Invested: The Rule #1 Podcast is LIVE. Here Are Episodes 00-03

Book:

Start Here

Time Stamps:

03:17 - Serving in the green Barrett
04:17 - Exploring East Coast of United States
08:18 - Rafting guide in the Grand Canyon
09:38 - Making the first million
12:10 - Meditating with family
20:39 - Investing before the internet
26:28 - Modern Portfolio Theory
29:37 - The number one rule of investing
32:53 - Is accessibility to the market bad?
35:55 - Buying in a depressed market
38:31 - Should you play the market crash?
41:56 - The 4 investing principles
42:54 - Learning from people like Warren Buffett
55:23 - Snapchat investing opportunity
1:00:24 - Do you need a financial advisor?
1:05:04 - Risky investment portfolios
1:06:13 - Facebook stock value
1:07:35 - Managing a work-life balance

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Transcript

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0:00.0	British gas have this thing. We call it home care. We'll fix all sorts and its unlimited repairs.
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0:12.0	Electrics playing tricks or a pipe that's broke. We're there for everyone. Even blue furry folk.
0:19.0	Your home won't feel booby-oby trapped. It'll feel just like new
0:22.9	British gas taking care of things and looking after you. T's and C supply excess options available
0:29.3	per repair. Hey bosses. This week's sponsors Fundrise, bringing you the future of real estate investing.
0:34.6	Get started for as little as $1,000 at Invest Like a Boss.com slash Fundrise.
0:38.5	Find out more during the break. Welcome to the Invest Like a Boss podcast. I'm Sam Martz. And I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors, business owners and multimillionaires to discover new ways to invest our hard-earned cash.
0:57.7	Hey guys, this is John. exclusive interviews with our network of modern investors, business owners, and multi-millionaires to discover new ways to invest our hard-earned cash.
0:57.4	Hey guys, it's Johnny, and welcome to episode 52 of the Best Like a boss podcast, and I'm
1:03.1	actually sitting here in person live next to Sam Marks.
1:06.4	It's good to be back together.
1:07.6	It's been since August of last year that we're able to record an episode.
1:12.7	And funny enough, we're back in Europe, kick off the summer. And it's just great. And this week,
1:18.1	we have an incredible guest as well. Yeah. And actually, to kind of kick that off, we are having
1:22.9	Spanish wine here in Barcelona. And I know some of you guys have missed us drinking on the episode so
1:28.6	I'm excited to bring you this week's guests we're going to have Phil Town who is a hedge fund
1:34.2	manager and the reason I'm so excited to bring him on is everything that that we've we've talked
1:40.6	about has always been you know not trying to beat the market, but just trying
1:44.8	to preserve capital or just, you know, mimic the market with index funds and, you know,
1:52.4	things like funds in Vanguard, but hedge fund managers or hedge funds are actually the only
1:58.7	type of vehicle that can push the, it beat the market.
	...

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