Book review: the coffeehouse investor -Bill Schultheis

3 basic investing principles advocated by Bill Schultheis & it's a great for anyone who wishes to invest their money wisely but do not quite know where to start. If you're someone who doesnt know which company to invest in or is often troubled by the numerous daily stock analysis reports or have thoughts of hiring a fund manger to manage your money, you must read this book.

I like how the author emphasized so much against leaving your money with mutual fund managers. He also talked about Wall Street's "tricks" (Or SGX in our local term) about how it tries to keep investors "active" so that it can continue to earn our trading/transaction fees -brilliant pointing that out, Bill!

I love this book & I fully agree with his concept of investing in exchange-traded funds (ETFs) or unmanaged index funds to stay stress free & have more time doing things you actually love doing in life (definitely not looking through company's annual reports, expert's stock analysis reports, stock magazines/articles etc). Though I personally do not own any ETFs as of yet but I will be looking to add it to my portfolio in the near future. He's a firm believer of capturing the stock market's total return in the long-run & that's what an ETF or an unmanaged index fund does exactly. Might be a little hard to understand if you have zero knowledge about investing and stock market but nevertheless, I feel it'll be a good read. It'll be perfect for people with at least some basic investing knowledge. Definitely challenges the thinking and principles of seasoned investors.

I've read about twenty to thirty over books by now & the fact that I actually bothered to dedicate a post to this book surely means something. I hope you'll take time out to borrow this book or buy a copy of it online as I guarantee it's worth every single minute of your time reading it.