The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life - Softcover

Schultheis, Bill

Softcover

ISBN 10: 159184584X ISBN 13: 9781591845843

Publisher: Portfolio, 2013

Synopsis

In 1998, after thirteen years of providing investment advice for Smith Barney, Bill Schultheis wrote a simple book for people who felt overwhelmed by the stock 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.

The Coffeehouse Investor explains why we should stop thinking about top-rated stocks and mutual funds, shifts in interest rates, and predictions for the economy. Stop trying to beat the stock market average, which few “experts” ever do. Instead, just remember three simple principles: Don’t put all your eggs in one basket. There’s no such thing as a free lunch. And save for a rainy day.

By focusing more on your passions and creativity and less on the daily ups and downs, you will actually build more wealth—and improve the quality of your life at the same time.

About this title

About the Author

Bill Schultheis is a partner and fee-only financial advisor with Soundmark Wealth Management and a former broker for Smith Barney. The first editon of The Coffeehouse Investor was published in 1998, and he has lectured and led seminars about it since. He lives in Kirkland, Washington.

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
• Publication date: 2013
• ISBN 10: 159184584X
• ISBN 13: 9781591845843
• Binding: Paperback
• Number of pages: 224