Out of Control
I wrote my first book, The Coffeehouse Investor – How to Build Wealth, Ignore Wall Street, and Get On with Your Life, in 1999 for people who generally don’t read finance books. People like my seven brothers and sisters, and maybe people like you, your friends, or your neighbors. The Seattle Times suggested it was “The best investment book you’ve never read.”
Since then, we have endured countless world events that are out of our control. Through it all the Dow Jones Industrial Average has been relentless, more than tripling in value from 9,000 to its recent close above 33,000. Through it all, Coffeehouse Investors have focused on 3 simple principles we already know to be true, are in our complete control, and bear repeating . . .
- Save for a rainy day. (Create a financial plan with attention to your saving and spending.)
- There is no such thing as a free lunch. (Maximize returns through a portfolio of low-cost index funds.)
- Don't put all your eggs in one basket. (Your financial plan drives your allocation between stocks and bonds.)
Over the next twenty years I won’t be surprised if the Dow Jones Industrial Average triples again, to the 100,000 level. Through it all Coffeehouse Investors will continue to focus on principles that are in our complete control, regardless of world events.
Take a moment to integrate the three Coffeehouse Investor principles into your portfolio, and into your life. Then share these principles with someone in your life who could benefit just the same.
Together we are changing the world, one investor at a time.
If you want to build a plan that integrates the Coffeehouse principles, schedule a 30-minute strategy session with me. Let's focus on the things you can control.