The Coffeehouse Investor Quotes

“The simplest approach to diversifying your stock market investments is to invest in one index fund that represents the entire stock market.”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“ONE KEY TO BUILDING A SUCCESSFUL INVESTMENT portfolio is to eliminate the risk you can control and reduce the risk you can’t.   One”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“Speaking of leaving well enough alone, I find it interesting that less than 10 percent of the millionaires of this country consider themselves “active” traders, and 42 percent of the millionaires of this country make less than one transaction per year in their investment portfolios.1”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“The three Coffeehouse Investor principles offer a sensible starting point for a young college graduate who is starting to contribute to a company-sponsored retirement account. All it takes is a commitment to save and an investment in one simple index fund to build wealth, ignore Wall Street, and get on with your life. Time is on your side.   On”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“The benefit of capturing the entire return of each asset class through low-cost index funds is that, in addition to the positive impact it will have on your financial wealth over the decades (quite possibly to the tune of hundreds of thousands of dollars, as we will find out in chapter 4), it is certain to have a profound influence on your emotional health as well.   Never”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“Developing a long-term financial plan, with a keen eye on your saving and spending levels, is essential for you to reach your long-term goals. The”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“A funny thing happens when you begin to take control of one part of your life—whether it is taking control physically, financially, or mentally: You gradually notice a positive change in other areas of your life, such as your personal relationships, your performance at work, and your ability to embrace your true passions.”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“History has shown that an investment in the collective creativity of human beings, as represented by a piece of all the publicly traded companies in an unmanaged stock index mutual fund, is much more profitable over time than an investment with a mutual fund manager who tries to “beat” the stock market average, even though mutual fund managers try with all their might to convince us otherwise.   I”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“A stock index fund is also a mutual fund, but an unmanaged mutual fund. Because it owns a piece of all the publicly traded companies that make up a particular stock market index, there is no need for any kind of manager to decide what stocks the fund should invest in.”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“Only 14 percent of all managed mutual funds beat the stock market average in each of the last three-, ten-, and fifteen-year periods.1”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“Because markets are efficient, any attempt to beat the market is likely to prove disastrous to your long-term financial health. Thus, it is essential that you capture the entire return of each asset class, and leave it at that. 3.”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“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. 2.”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

“The concept of retirement is still so new to our society, because, for the most part, we are stepping away from our careers earlier and living longer. For example, in 1940 the average age of retirement was seventy, but the average life expectancy was only sixty-two. Today the average age for retirement is sixty-two, and the average life expectancy is seventy-seven!2”
― Bill Schultheis, The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life