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A Review (and GIVEAWAY) of “The NEW Coffeehouse Investor”

By JLP | April 9, 2009

I read and reviewed the predecessor to Bill Schultheis’ The New Coffeehouse Investor* a couple of years ago. I was impressed with the previous edition so I was excited when the publisher contacted me a couple of weeks ago and asked me if I would read and review the new edition.

I REALLY like this book!

Why? Because it is simple and easy to understand. Bill has been blessed with the ability to make an investment book almost a page-turner—or at least an enjoyable read.

The NEW Coffeehouse Investor is somewhat larger than the previous edition. Several new chapters have been added, which I think are an enhancement:

Travels of a Coffeehouse Investor – discusses the advantages of indexing over stock trading.

Spending it – discusses the basics on how to spend your money in retirement.

Index Funds and Beyond – talks about how indexing has becoming confusing with the all the unnecessary indexes that have been developed over the last few years. Stick to the basics.

The Journey Continues – a feel-good chapter that closes out the book.

One thing that I think could have been done better in the book is when Bill discusses the importance of investing based on time horizon. He uses several graphs to show the volatility of stocks based on one-year, five-year, and ten-year holding periods. These holding period returns do not take into account inflation, which surely would have impacted the results. It wouldn’t have been such a big deal if it weren’t for the fact that these charts appear in the same chapter in which he claims INFLATION to be the biggest risk to investors. It seems kind of silly to tell your readers that inflation risk is a big deal and then show them historical returns that don’t include inflation.

Other than that, The New Coffeehouse Investor* is an excellent little book. I highly recommend it!

I’m also excited to announce that AFM readers will have a chance to win a copy of the book. I have two copies to give away. All you have to do is leave a comment, making sure you heed my two rules (I know you get tired of reading my two rules but the first time I don’t print them I’ll get called on it):

1. You must be a resident of the North America (the U.S. and Canada). I won’t ship internationally.

2. You can only enter ONE TIME.

I’ll announce the winners on Monday, April 13. Good luck!

*Affiliate Link

Topics: Books, Index Funds, Investing | 85 Comments »


85 Responses to “A Review (and GIVEAWAY) of “The NEW Coffeehouse Investor””

  1. savvy Says:
    April 9th, 2009 at 10:52 am

    First! :-) Hopefully I’ll win this book. I just put it on my Amazon wishlist yesterday.

  2. Brandon D Says:
    April 9th, 2009 at 11:14 am

    I am excited to read the book. Thanks for the review.

  3. Jennifer Estes Says:
    April 9th, 2009 at 11:19 am

    Thanks for the chance to share in this read.

  4. GL Says:
    April 9th, 2009 at 11:23 am

    I’ll get it sometime in 2012 from the library… Here’s hoping I can read it sooner!

  5. Kohawk2 Says:
    April 9th, 2009 at 11:26 am

    I enjoy coffee and investing. A win-win.

  6. Patricia Says:
    April 9th, 2009 at 11:27 am

    Hope to win.

  7. Mike Says:
    April 9th, 2009 at 11:34 am

    Sounds good, count me in!

  8. Dave Says:
    April 9th, 2009 at 11:38 am

    Please enter me.

  9. Ryan Morrison Says:
    April 9th, 2009 at 11:40 am

    I’ve heard great things about this book. I’ll have to get a copy!

  10. Drew Says:
    April 9th, 2009 at 11:59 am

    10. gla

  11. Eric Says:
    April 9th, 2009 at 12:10 pm

    Sounds interesting. I’m checking out Amazon right now!

  12. mindy Says:
    April 9th, 2009 at 12:29 pm

    sounds great thanks for the giveaway

  13. Phil Says:
    April 9th, 2009 at 12:36 pm

    Count me in. I have been interested in this portfolio since I saw it included in the Marketwatch lazy portfolios.

  14. chris swan Says:
    April 9th, 2009 at 12:54 pm

    Sounds like a great book.

  15. satkat Says:
    April 9th, 2009 at 12:58 pm

    Thanks for another give-away!

  16. kyle Says:
    April 9th, 2009 at 1:26 pm

    Count me in, I love to read and can always use a new book in my collection.

  17. pal Says:
    April 9th, 2009 at 1:33 pm

    count me in

  18. Dennis Says:
    April 9th, 2009 at 1:41 pm

    Sound like a good book to read.

  19. Familyfinanceguy Says:
    April 9th, 2009 at 1:54 pm

    Entered!

  20. Gary T. Says:
    April 9th, 2009 at 1:54 pm

    I read, and enjoyed, the original version some time ago. I’m looking forward to reading the update.

  21. ken Says:
    April 9th, 2009 at 2:06 pm

    Me please.

  22. viv Says:
    April 9th, 2009 at 2:12 pm

    Count me in.

  23. acehbee Says:
    April 9th, 2009 at 2:29 pm

    I am in!

  24. Dave Says:
    April 9th, 2009 at 2:35 pm

    I’d love a copy.

  25. Aggie CO Says:
    April 9th, 2009 at 3:38 pm

    Am hoping to win — I do need to learn how to invest wisely with indexing!

    Thank you for doing this!

  26. Yang Wei Says:
    April 9th, 2009 at 3:47 pm

    Pick me! Pick me! Pick me!

  27. J W Says:
    April 9th, 2009 at 4:12 pm

    Sounds like a fantastic book – I’d love a copy.

  28. JC Says:
    April 9th, 2009 at 4:17 pm

    I would seriously read this book; I actually enjoy reading investment books.

  29. Nate @ Debt-free Scholar Says:
    April 9th, 2009 at 4:17 pm

    I assume that you enter by commenting? If so, please enter me.

    Thanks,
    Nate

  30. RJ Weiss Says:
    April 9th, 2009 at 4:19 pm

    Second time is a charm.

  31. ObliviousInvestor Says:
    April 9th, 2009 at 4:50 pm

    *Crossing fingers*

  32. Mike J Says:
    April 9th, 2009 at 4:53 pm

    Read previous book and looking forward to new version

  33. tom Says:
    April 9th, 2009 at 5:20 pm

    Great review… hopefully I win!

  34. JMS Says:
    April 9th, 2009 at 5:45 pm

    I love these sorts of books…

  35. Bobby Says:
    April 9th, 2009 at 6:02 pm

    This is one I haven’t read. Would like a copy but will add it to my library books to read list.

  36. Heather S Says:
    April 9th, 2009 at 6:41 pm

    Yay! I need this book. Anything combined with a coffeehouse is good by me…

  37. unimax Says:
    April 9th, 2009 at 7:01 pm

    i love books

  38. shiwala Says:
    April 9th, 2009 at 7:49 pm

    Hoping to win; I missed out on the last giveaway.

  39. Trevor Says:
    April 9th, 2009 at 8:23 pm

    Looks like a good book.

  40. Stacey Says:
    April 9th, 2009 at 8:36 pm

    Happy Easter a bit early. I’m always game for a quickie, I mean freebie!

  41. Glinka Says:
    April 9th, 2009 at 8:59 pm

    Anybody but a Brian.

  42. Andrew Says:
    April 9th, 2009 at 9:17 pm

    I like coffee and I like books! What could be better?!

  43. Jane Says:
    April 9th, 2009 at 9:33 pm

    A lazy way to invest? Finally, a perfect money book!

  44. Eric C Says:
    April 9th, 2009 at 10:00 pm

    Love the giveaways. Keep ‘em coming =)

  45. Jeffrey Says:
    April 10th, 2009 at 5:22 am

    I’m reading this with coffee. Think I’ll enter.

  46. Mark Says:
    April 10th, 2009 at 5:51 am

    Something to go with the Keurig.

  47. Adam Jones Says:
    April 10th, 2009 at 6:00 am

    I am almost certain you should pick me. If you need any help with that random number generator, let me know. I have a perfectly good random number. It has only been used once before and the guy who was using it loves books!

  48. Kate Says:
    April 10th, 2009 at 6:43 am

    Pick me, pick me! I really would love to win the book.

  49. Aaron Says:
    April 10th, 2009 at 6:51 am

    This book has been on my radar for a while. I like the sound of the “Index Funds and Beyond” section, especially since I discovered the numerous index fund variations offered by places like Fidelity–the books I’ve read so far don’t really address those.

  50. Bonnie Says:
    April 10th, 2009 at 6:52 am

    I would love to read this! Thank you!

  51. Aaron Says:
    April 10th, 2009 at 6:54 am

    Oh, note that if you click through to Amazon and then view the table of contents, you view the one for the old book, so the updates aren’t in there. I guess they haven’t scanned the new pages in yet.

    And in case the statement has to be explicit, please enter me in the giveaway. :^)

  52. Nate Says:
    April 10th, 2009 at 6:58 am

    Loved the original book. Looking forward to reading the new version.

  53. Luke Says:
    April 10th, 2009 at 7:15 am

    free books!

  54. fauzia Says:
    April 10th, 2009 at 8:40 am

    I know that going with a Fund of Funds can be a somewhat risky maneuver, but I didn’t know that Index funds have a similar potential; it’s risky to invest in financial products where you don’t really understand how they build their portfolio and how they derive its valuation. However, I know index funds are still a great choice for the long term – I’d just like to get better at picking the right ones :-) )

    Sounds like a good book to read – hope I win !!

  55. Le Says:
    April 10th, 2009 at 8:58 am

    I’m a huge fan of practicality. We would like to add this to our personal resources.

  56. TMS Says:
    April 10th, 2009 at 9:20 am

    I’ll give it a shot – thanks!

  57. Andrew Troup Says:
    April 10th, 2009 at 10:02 am

    I’d like to enter…

    Andrew

  58. Larry Says:
    April 10th, 2009 at 11:04 am

    Count me in.

  59. Brian S. Says:
    April 10th, 2009 at 11:06 am

    This would be a good addition to my personal finance library.

  60. Geoff Popadiuk Says:
    April 10th, 2009 at 11:09 am

    Wow…have been looking really forward to this book. I will get it on my Kindle 2 if I don’t win a copy. But paper is better…please pick me!!!

  61. Jim Moser Says:
    April 10th, 2009 at 11:47 am

    Nothing better then free knowledge! Thanks for the opportunity.

  62. Dean Stevenson Says:
    April 10th, 2009 at 11:55 am

    Fun to follow these type portfolios on Marketwatch.com.

  63. Al D. Says:
    April 10th, 2009 at 12:10 pm

    Thanks for including me.

  64. balbrain Says:
    April 10th, 2009 at 4:05 pm

    Im in.

  65. Sharon Fairclough Says:
    April 10th, 2009 at 7:41 pm

    Sounds like a great book would love to win. Thanks for the giveaway.

    sharr1226 at yahoo dot com

  66. John Says:
    April 10th, 2009 at 8:09 pm

    Maybe this time.

  67. Agus Says:
    April 10th, 2009 at 10:40 pm

    count me in please.

  68. robert Says:
    April 10th, 2009 at 11:02 pm

    when I’m finished reading it, I’ll pass it on.

  69. GregD Says:
    April 11th, 2009 at 8:49 am

    if you recommend it, then it must be good.
    looking forward to curling up with this page turner.

  70. satkat Says:
    April 11th, 2009 at 9:08 am

    Please enter me again!

  71. A.J. Says:
    April 11th, 2009 at 12:49 pm

    free books plz

  72. John Says:
    April 11th, 2009 at 2:25 pm

    Great site…so much good information!

  73. John E Says:
    April 11th, 2009 at 6:29 pm

    Great review – hope to win, or it’s off to B&N

  74. Anna G. Says:
    April 11th, 2009 at 9:07 pm

    Sounds like a great book!!

    thanks
    Anna G.

  75. Paul M. Says:
    April 12th, 2009 at 6:57 pm

    Thanks for the opportunity to win.

  76. Adi P Says:
    April 12th, 2009 at 9:43 pm

    Not too late for me to be in the running, am i?

  77. LegalTherapy Says:
    April 13th, 2009 at 8:02 am

    I’m in.

  78. SUMMER P. Says:
    April 13th, 2009 at 8:19 am

    Thank you. Please Enter me.

  79. Vishal Says:
    April 13th, 2009 at 3:21 pm

    me me!

  80. kim v Says:
    April 13th, 2009 at 5:32 pm

    Thanks for the giveaway!
    kimspam66(at) yahoo(dot)com

  81. Peter Says:
    April 13th, 2009 at 6:54 pm

    count me in

  82. MP Says:
    April 14th, 2009 at 9:39 pm

    Thanks for the chance to win!

  83. Lee Says:
    April 15th, 2009 at 4:46 pm

    I read about this book on Amazon. Thanks for the amazing blog!!

  84. David Says:
    July 16th, 2009 at 7:17 pm

    If there are any more books left – I am definately interested & am enjoying your site!

  85. Luis Alverio Says:
    March 21st, 2010 at 7:07 pm

    I’d like to win, the nearest Borders is 50 miles away!

Comments