The New Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get on with Your Life - Hardcover

Schultheis, Bill

Hardcover

ISBN 10: 159184245X ISBN 13: 9781591842453

Publisher: Portfolio Hardcover, 2009

Synopsis

An inspirational, low-stress way to financial security

in 1998, Bill Schultheis wrote a simple investment book for people who felt overwhelmed by the bull market. He had discovered that when you simplify your investment decisions, you end up getting better returns. As a bonus, you gain more time for family, friends, and other pursuits.

A decade later, through good times and bad, this philosophy has been proven to tower above the daily chatter of Wall Street. And the revised and expanded edition of his book is more valuable than ever.

In a conversational style, Schultheis explains why we should stop thinking about cool stocks, hot mutual funds, trends in interest rates, and predictions for the economy. Stop trying to beat the stock market average; just remember three simple principles:

? Don?t put all your eggs in one basket
? There?s no such thing as a free lunch
? Save for a rainy day

The New Coffeehouse Investor will help readers get their finances in shape quickly and painlessly.

About this title

About the Author

Bill Schultheis is a partner and fee-only financial adviser with Sagemark Wealth Management, and a former broker for Smith Barney. The first edition of The Coffeehouse Investor was published in 1998, and he has lectured and led seminars about it ever since.

From Booklist

This little how-to-invest book, which elegantly summarizes our common worries about how to build wealth, was initially published 11 years ago. This updated, revised, and revamped edition stands the test of time—and of updating. Seattle-based Schultheis states his three principles of investing—allocate assets, approximate stock-market average, and save—then proceeds to expand and expound with personal stories and provocative questions. When is enough enough? What’s behind this Wall Street obsession to beat the market? Why do we need to lead a penny-pinching life today for a high retirement style tomorrow? Forget the complicated formulas, the diversity of spreadsheets. Concentrate instead, he advises, on understanding your burn rate, the meaning of diversification, and the value of being on financial autopilot. Like his peers (Suze Orman et al.), the author exposes two myths: “no load” mutual funds and “great companies make great investments.” All in all, solid and comfortable investment counsel that will help balance (and, eventually, grow) your balance sheet. Appended: partial list of index funds; notes; additional reading. --Barbara Jacobs

About this edition

• Publisher: Portfolio Hardcover
• Publication date: 2009
• ISBN 10: 159184245X
• ISBN 13: 9781591842453
• Binding: Hardcover
• Number of pages: 224