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

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

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

  1. 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. :^)

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

  3. free books!

  4. 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 !!

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

  6. I’ll give it a shot – thanks!

  7. I’d like to enter…


  8. Count me in.

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

  10. 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!!!

  11. Nothing better then free knowledge! Thanks for the opportunity.

  12. Fun to follow these type portfolios on Marketwatch.com.

  13. Thanks for including me.

  14. Im in.

  15. Sharon Fairclough April 10, 2009 at 7:41 pm

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

    sharr1226 at yahoo dot com

  16. Maybe this time.

  17. count me in please.

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

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

  20. Please enter me again!

  21. free books plz

  22. Great site…so much good information!

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

  24. Sounds like a great book!!

    Anna G.

  25. Thanks for the opportunity to win.

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

  27. Thank you. Please Enter me.

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

  29. count me in

  30. Thanks for the chance to win!

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

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

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