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Schultheis Says Leave Money in Index Funds, Ignore Wall Street

Bloomberg – Bill Schultheis, amateur mountaineer and investment adviser, says there’s more to life than staring at stock market screens.

His new book, “The New Coffehouse Investor,” says the path to success consists of the following: Get a game plan built around low-cost index funds and revisit it periodically to see if it can maintain your lifestyle in retirement.

The explosion in the number of exchange-traded index funds has created confusion among investors, Schultheis says, with Wall Street caught up in beating the market by using “thin slices” such as sector funds. Investors also need to put performance in perspective by investing in broad index funds and staying with them, the author says.

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