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The New Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get on with Your Life |  | Author: Bill Schultheis
Publisher: Portfolio Hardcover
List Price: $22.95
Buy New: $3.50
as of 11/22/2009 10:18 CST details
You Save: $19.45 (85%)
New (47) Used (15) from $3.50
Seller: Oneida Books
Rating:  58 reviews
Sales Rank: 187478
Media: Hardcover
Edition: Rev Upd
Pages: 224
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.3 x 5.7 x 0.9
ISBN: 159184245X
Dewey Decimal Number: 332.6
EAN: 9781591842453
ASIN: 159184245X
Publication Date: April 16, 2009
Availability: Usually ships in 1-2 business days
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Product Description
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:
Dont put all your eggs in one basket
Theres 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.
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| Customer Reviews:
Showing reviews 1-5 of 58
 Sensible advice for the average Joe November 22, 2009
Erin K. Healy (University Place, WA United States)
We already had a sound budget and got out of debt. We were looking for advice on how to invest and prepare for retirement. There's a lot of mumbo jumbo out there, but this book (1) Is pertinent for middle class salaries (2) Is easy to understand (3) Is practical and straigtforward (4) Is a witty and funny read.
Pumpkin Pie and Retirement Planning November 5, 2009
Jason J. Denis (Seattle, WA USA)
This financial planning book attempts to simplify retirement investing. It focuses on three principles: 1) Asset allocation; 2) Approximate the stock market average; and 3) Saving.
I loved this book for a couple different reason. First, it simplifies investing. Retirement planning has always been an overwhelming prospect for me given the multitude of products and services available to consumers. It left me feeling too overwhelmed to take action. This book offers a simplistic AND sensible approach to retirement planning/investing that really resonated with my wife and I. It has given us the confidence and motivation needed to move forward with the development of short and long-term financial goals and has given us the tools to implement a plan of action.
Secondly, I found the author's personal anecdotes about extracurricular activities gave this book a certain charm AND Mr. Schultheis usually did a good job of connecting those stories (including the pumpkin pie recipe) to this oftentimes bland topic. These anecdotes likely took up a grand total of 5 pages of the entire book and gave it a much needed human touch. By the end, you actually feel like you know and trust the author. This style of writing was either a clever marketing scheme or merely a reflection of a genuine person hoping to enlighten the do-it-yourself investor so that they/we can get on with our lives and cease living in fear of the happenings on Wall Street of which we have no control and make little or no sense. It that regard, it's a very liberating book!
New Information & Very Plausible September 19, 2009
S. Stradtman (Oak Harbor, WA USA)
This book gave me an easily absorbed view that will shape my investment plans for the near term.
easy read September 12, 2009
william smith (eufaula, oklahoma)
an easy to read book on investing make good sence if we will just listen and follow thru.
Good basic fundamentals but no protection against a really bad fall July 2, 2009
andris virsnieks (Seattle, WA USA)
1 out of 1 found this review helpful
Save as much as you can and invest mainly in stock index funds. But what if we have a Japanese experience and the stock market stays down for what seems like forever. The author is an optimist he does not worry about that. He has no fear of financial disaster in case of an attack greater than 911. No fear of the possibility of hyperinflation or deflation. Not even a little bit of gold is recommended for the portfolio. Bill Schultheis's portfolio will not protect you against the more extreme situations.
In case of extreme disasters diversification away from Wall Street and all other stock markets that would hit the same panic button is essential. Locally based income property provides such diversification. The Coffee House Investor completely overlooks locally owned income property. My income producing condominiums in Seattle were not bothered one bit by 911 and the greatest financial crisis since the Great Depression (how thse condos work for me are explained in my book: How to Invest in Condominiums). It is an understatement to write that: "You can't say that for stock index funds and REITS". My condos ignored these disasters just like Mt. Rainier ignores violent Pacific storms. The rental income just continued to flow in at an expected rate.
In Chapter 11 the author strays away from "safe" index funds and suggests that you take as much as 15 percent of your portfolio and have fun investing in individual stocks to see if he might be a one in a million stock picker, the next Warren Buffett. That is a big risk to take even with "fun money". Would it not be be much more sensible to invest the 15 percent in Warren Buffett's Berkshire Hathaway which has come down in price significantly from its high point? And go climb another mountain. Warren Buffett has documented his amazing investment performance record (I have as well in my book). The author provides no history of his Internal Rate of Return (IRR) using the Coffee House method. But his documentation of the mountains he climbed is impressive and a joy to read (having climbed many of the same mountains).
Showing reviews 1-5 of 58
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