A couple of years ago I dedicated quite a bit of time and effort to encourage others to adopt some form of a passive, “lazy portfolio” approach. My belief that this remains the best way for most people to achieve long-term investment success remains as true today as it did back then. Recent volatility in the markets have only proven again how timeless this approach really can be.
Through the years I’ve made little secret of the fact that money my wife and I have set aside for our retirement uses a passive investment approach. This is also why I feel it is so very important to talk about this subject from time to time. In my view, no matter how well you may do in the markets as a trader or investor, if you don’t also learn how to live below your means and put money aside for your retirement that at least consistently matches the market’s performance over the long-term, everything you learn and do will be entirely in vain. Unfortunately, too many people focus far too much on their short-term goals and do things that prevent their long-term success in the market.
That’s why I’m so excited and honored to have a Q&A with Bill Schultheis - a well-known expert in passive investing. Mr. Schultheis has dedicated his career to helping others understand and appreciate the value of a passive investing method.
The author of very popular book titled “The New Coffeehouse Investor: How To Build Wealth, Ignore Wall Street, and Get On With Your Life,” Bill Schultheis is also known for his lazy portfolio allocation that is tracked and compared with other passive model portfolios over at MarketWatch. Bill is a principal at Soundmark Wealth Management and a former broker for Smith Barney. Over the years Bill discovered that when you simplify your investment decisions you end up getting better returns. As clear evidence of that view, he recently received the prestigious 5-star wealth manager award for being best in client satisfaction. In a time and age when very few are happy with their brokers and financial advisers, this is quite an amazing accomplishment!
As you’ll soon discover in this Q&A, Bill’s critical view of Wall Street, clear understanding of how investors’ chase for performance sabotages their returns, and the many other topics we will cover are as refreshing as well as…
