This little how-to-invest book, The New Coffeehouse Investor, 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
"The New Coffeehouse Investor" Book Details:
- Hardcover: 224 pages
- Publisher: Portfolio Hardcover (April 16, 2009)
- Language: English
- ISBN-10: 159184245X
- ISBN-13: 978-1591842453
- Product Dimensions: 8.6 x 5.8 x 0.9 inches
- Shipping Weight: 12.5 ounces
Most managed mutual funds do not consistently even beat the market and rather than trying to do the impossible (selecting which managed mutual fund will beat the market this year), the intelligent investor will invest in a low cost broad based index mutual fund and do much better than the non-index investor.
You can read "The New Coffeehouse Investor" in an hour or two, but it will take a lot of determination to ignore the Wall Street noise that shouts that there exist investment gurus who can consistently beat the market.
A visit to "The New Coffeehouse Investor" book's web site reveals how successful a good asset allocation has been the last 5 years. A good asset allocation helps weather the storms we occasionally see in the U.S. stock market......like 3 down years in a row in 2000-2002. The example portfolio in this web site includes a 10% allocation to the real estate area using a Vanguard REIT.
This book has a lot of style and is a very enjoyable read. The material is presented in understandable form.
All-in-all, a great primer on successful investing strategies.
You can buy this book at Amazon: The New Coffeehouse Investor
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