Lessons From The Coffeehouse Investor - A Wealth of Common SenseMy basic premise that less is more requires simplicity over complexity. The Coffeehouse Investor by Bill Schulteis is a book that does a wonderful job of this by explaining a few very important and simple investing principles. Here are his 3 principles of investing:. The key to building a successful portfolio is to diversify your assets in such a way that you maximize your chances of reaching your financial goals with a minimum amount of risk. There is no such thing as a free lunch. Because the markets are efficient, any attempt to beat the market is likely to prove disastrous to your long-term financial health.
The New Coffeehouse Investor
Overall a diversified portfolio, but likely too conservative for most Millennial investors with a long term horizon. It is an easy to read guide about setting up an investment portfolio that requires very little maintenance, and will, based on historical performance, achieve solid investment returns over a long time horizon. But in reality it is actually very difficult for not only an average investor to beat the stock market, but even professionals almost never are able to beat the market consistently over time. There is also some great data in this book where he shows how over any 10 year period over the past years if you would have invested in an index fund that tracked most of the US stock equities market you would have generated a positive return. In my opinion The Coffeehouse Investor approach is too conservative for the average Millennial investor. While I am taking on more risk, I can still sleep well at night knowing that over the long horizon my portfolio will likely have more volatility, but it will have greater returns which can compound into even greater returns.
YOU ARE ABOUT TO EMBARK ON A JOURNEY that will change the way you invest forever. Along the way we will talk about things like pitching tents and.
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Look Inside. Jan 29, ISBN Apr 16, ISBN In , 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.