The Coffeehouse Investor: How to Build Wealth Ignore Wall Street and Get on With Your Life
Author: Bill Schultheis
List Price: $20.00
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ISBN: 1563524848
Publisher: Longstreet Press (November, 1998)
Sales Rank: 14,453
Average Customer Rating: 4.5 out of 5
Customer Reviews
Rating: 5 out of 5
The best graduation gift , solid, sound, & simple investing
The words that immediately came to mind after reading this investment book were "Zen-finance" quickly followed by "simple sophisticated elegance" then "hum, interesting, a pumpkin pie recipe". A strange combination of descriptives but I thoroughly enjoyed this book. The Coffeehouse Investor gets better with repeated reading for specific financial information, inspirational insights and the vicarious thrills climbing Mt. Rainier & Mt. McKinley. This investment package offers more than a how to instruction manual or food for thought, it also offers sustenance for the soul.Mr. Schultheis seems to understand first hand the organized chaos of everyday life and the energy we all infuse into our family and careers. However, he never loses sight of the importance of taking responsibility for our financial lives, planning our fanancial future and keeping sight of our personal goals.
I value his direct and simple approach to savings, the understandable definitionn of the stock market average, and the concept of index funds. The notion of looking at your whole book of investments once a year to see how you've done in comparison to the market and to make small logical adjustments appealed to me. His subtitle says it all - How to Build Wealth, Ignore Wall Street and Get on with Your Life. I like that.
This book is probably one of the best graduation gifts any parent, godparent, or aunt can give. The fundamental principles, outlined by Mr. Schultheis, will give any young person the tools to start a bright and successful financial future. Along the way, she can learn about manaaged funds and fees, indexes, how to build a common stock portfolio, and the power of compounding interest. That section alone (Chapter 7) for many people, will prompt them to wish they had started saving in their twenties rather than in their thirties. Hah! So , I'll be sending my favorite graduate a copy of this book and making sure he completes the Retirement Worksheet before his first paycheck.
Oh and one more thing. Try the pumpkin recipe. Not being a pie person, but fueled by my Retirement Worksheet success, I risked baking the pie. Very good pie. Extraordinary book. I think you'll enjoy this Zen investment book as much as I did.
Rating: 5 out of 5
I love this book!
At last! An investment book for people who want to do more with their lives than monitor the stock market! The Coffeehouse Investor is an excellent book that is filled to the brim with financial insight -- without all the jargon and difficulty that characterize most investment books. Within its pages you will find real-life, relevant examples -- such as how investment risk compares to mountain climbing or how dividend reinvestment relates to pumpkin pie. (You even get the recipe!) The writer's style is very engaging -- even entertaining -- and his ideas on simplified investment techniques will truly change the way you invest forever! Buy it, read it, apply it! You won't regret it!
Rating: 5 out of 5
Solid advice that let's you sleep at night.
There are so many investment books full of snake oil on the market that it's always nice to run across a guide that doesn't pretend to have all the answers. Instead of passioned argument, dubious timing schemes, and mindless conjecture Bill Schultheis presents reasoned conclusions based on sound research. His message is simple: By using index funds to match the market average, you will do above average over 80% of the time versus the pros. Not only this, but following his strategy is easy for anyone and carries minimal fees and stress. Other books profess strategies for "beating" the market and each year they are replaced by the latest fad. The Coffeehouse advice is simple: Diversify your money, index your assets, keep the fees low, save money, and relax. History doesn't tell you what the future will bring, but the proven track record speaks for itself: This advice would leave you well ahead of virtually all other strategies the past 10 years and trounced virtually all mutual funds and stock portfolios over the bear market from 2000-2002. All of this without losing any sleep on how your stock picks are doing. Not too bad for a quick evening read.For more intense advice and the details behind the theories presented here you may want to read books by William Bernstein (Four Pillars of Investing, Intelligent Asset Allocator), Larry Swedroe, and John Bogle. This book though is a great and easy to understand read for anyone looking to safely grow their money. Check out the site http://www.coffeehouseinvestor.com for more information.
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