Review by Booklist Review
This little how-to-invest book, which elegantly summarizes our common worries about how to build wealth, was initially published 11 years ago. This updated, revised, and revamped edition stands the test of time and of updating. Seattle-based Schultheis states his three principles of investing allocate assets, approximate stock-market average, and save then proceeds to expand and expound with personal stories and provocative questions. When is enough enough? What's behind this Wall Street obsession to beat the market? Why do we need to lead a penny-pinching life today for a high retirement style tomorrow? Forget the complicated formulas, the diversity of spreadsheets. Concentrate instead, he advises, on understanding your burn rate, the meaning of diversification, and the value of being on financial autopilot. Like his peers (Suze Orman et al.), the author exposes two myths: no load mutual funds and great companies make great investments. All in all, solid and comfortable investment counsel that will help balance (and, eventually, grow) your balance sheet. Appended: partial list of index funds; notes; additional reading.--Jacobs, Barbara Copyright 2009 Booklist
From Booklist, Copyright (c) American Library Association. Used with permission.
Review by Library Journal Review
This is the revised and expanded edition of financial adviser Schultheis's very popular 1998 book. In a chatty style, he lays out the tenets of successful long-term investing. His advice is to save early, diversify investments, keep costs low, and ride out short-term market volatility. Though his book covers the well-trodden ground of broad-based index fund investing, his sprightly and up-to-date text and charts will gently inform, reassure, and even entertain those in need of financial help. There are lots of metaphors here, as with Allan Roth's How a Second Grader Beats Wall Street (reviewed above), but the coffeehouse informality-and asides on mountain climbing-lays out a more general lifestyle approach to investing. Readers who can get past the metaphors will find this a good book. (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.
(c) Copyright Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.
