The New Coffeehouse Investor

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.

An inspirational, low-stress way to achieve financial security, this updated guide explains why people should stop trying to predict the economy and 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.

PRAISE FOR THE COFFEEHOUSE INVESTOR'S GROUND RULES "Bill Schultheis approaches financial matters with so much wisdom and heart. His valuable message? Save, plan, and keep it simple, then get on with what really matters to you. This small-but-mighty volume is the perfect gift for loved ones looking to find their financial footing—and enrich their lives over their next coffee break." —CHRISTINE BENZ, Director of Personal Finance, Morningstar, Inc. "Bill Schultheis has given readers something new: a book about index investing for people who like words and stories more than numbers and tables. Don't miss his 'Outfox the Box' illustration. It makes the case for index investing in two pictures. Along the way, he turns index investing into an easy-going philosophy of life." —SCOTT BURNS, creator, Couch Potato Investing; Personal Finance Columnist "The Coffeehouse Investor's Ground Rules is a worthy addition to Bill Schultheis' first Coffeehouse Investor book. This latest book, written during a world-wide pandemic, proves the timeless wisdom of Coffeehouse investing in all type of markets. Unlike most investment books targeted only at making money, Bill shows us how to use our wealth to also achieve personal happiness." —TAYLOR LARIMORE, author, The Bogleheads' Guide to the Three-Fund Portfolio "The Coffeehouse Investor's Ground Rules will entertain and inspire you to take control of your financial destiny." —PETER LAZAROFF, author, Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever "Bill Schultheis' The Coffeehouse Investor's Ground Rules book is both delightful and profound. You will delight in Bill's many stories, and you will learn profound lessons. Save, invest, plan, and always remember that wealth is only a waystation to happiness." —MEIR STATMAN, Glenn Klimek Professor of Finance, Leavy School of Business, Santa Clara University

The final word on passive vs. active investing The debate on active investing-stock picking and market timing-versus passive investing-markets are highly efficient and almost impossible to outperform-has raged for decades. Which side is right? In The Quest for Alpha: The Holy Grail of Investing, author Larry E. Swedroe puts an end to the debate, proving once and for all that active investing is likely to prove futile as the associated expenses-costs, fees, and time spent analyzing individual stocks and the overall market-are likely to exceed any benefits gained. The book Presents research, data, and quotations that reveal it's extremely difficult to outperform the market Explains why investors should focus on asset allocation, fund construction, costs, tax efficiency, and the building of a globally diversified portfolio that minimizes, if not eliminates, the taking of idiosyncratic, uncompensated risks Other titles by Swedroe: The Only Guide to Alternative Investments You'll Ever Need and The Only Guide You'll Ever Need for the Right Financial Plan Investors are on a never-ending search for a money manager who will deliver returns above the appropriate risk-adjusted benchmark, aka the "Holy Grail of Investing." The Quest for Alpha demonstrates that it's a loser's game-while it's possible to win, it's so unlikely that you shouldn't try.

Within this easy-to-use, need-to-know, no-frills guide to building financial well-being is advice for long-term wealth creation and happiness, without all the worries and fuss of stock pickers and day traders.

A timeless investment guide that reveals how to consistently earn market-beating returns while reducing risk What every investor needs is a battle-tested strategy that embraces the uncertainty of financial markets-and life in general. One that will yield market-beating portfolio returns in both good times and bad. The Gone Fishin' Portfolio shows you what that strategy is, how it works, and why you should begin using it immediately. The innovative approach outlined throughout these pages will help investors enjoy a notably high probability of success by using an investment strategy based on the notion that nobody knows what the market is likely to do next, which, in effect, allows investors to capitalize on uncertainty. Details one of the safest and simplest ways to reach your long-term financial goals, and explores the financial and psychological challenges you're likely to face in the years ahead The "Gone Fishin' Portfolio" is based on a Nobel Prize-winning investment strategy that takes just twenty minutes to implement Discusses the relationship between risk and reward in financial markets, and reveals how the investment industry really works The Gone Fishin' Portfolio will allow you to reach your most important investment goals, beat Wall Street at its own game, and achieve the financial independence you deserve.

CBS MoneyWatch columnist Larry Swedroe’s bedrock principles for investing success Investment Mistakes Even Smart Investors Make and How to Avoid Them helps anyone from the novice investor to the professional money manager become a more informed investor—and ignore the kind of pervasive “conventional wisdom” that so often leads to financial loss. Swedroe describes how behavioral mistakes and overconfidence can lead you to stray from proven investment principles, and he explains how to reverse these temptations and make the right investing decisions when it counts most. Larry Swedroe is Principal and Director of Research at Buckingham Asset Management. He writes the popular blog “Wise Investing” at CBS MoneyWatch.com.

In Follow the Fed to Investment Success, Doug Roberts skillfully outlines a proven approach to investing that is based on the idea that there is direct correlation between stock market performance and the actions of the Federal Reserve Bank. For those who want to build true wealth in today’s markets, Follow the Fed to Investment Success offers an easy-to-understand approach to investing that anyone can implement—with little effort and even less time.