In 2021,he established Chapwood Investments, LLC, an investment advisory firm focusing on customer wealth management.
Ed Butowsky spoke about financial education in a meeting with Howard Stern. He was quoted as saying, quote,”The fiscal education of anybody nowadays can be found online.” He proceeded to add that people today need more than just basic knowledge of finance, but has to be armed with the tools to manage their finances. He proceeded to say thatthere are too many people out there that do not understand how to manage their money and shed it. He moved on to call the ones that do understand how to invest correctly as”courageous individuals,” and he believed these individuals were in good demand. In the same interview, Butowsky said the need for financial education for the general public.
Before we proceed, I want to give Ed Butowsky some credit. The chap is absolutely an expert in regards to financial advice and investing. He is a very good writer and has a very engaging personality. That being said, a number of his recommendations might have proven to be somewhat off the mark, but overall, this is a very good book so far as financial advisors move.
In this book, Butowsky begins by describing the task of a financial advisor. The focus of the first section is about what a financial advisor does. According to Butowsky, his principal duty is to examine the financial statements of clients and recommend changes so as to improve their financial wellbeing. However, the actual test of a fiscal advisor is in how they manage their own portfolio.
This section of the book is very comprehensive and goes in the kinds of investments that an advisor should appraise before advocating any kind of investment. But,even after considering all ofthe best investment opportunities, a fiscal advisor still has some obligation to their clientele. The book then continues with a short description of the way to make investments. And, finally,it ends with a few short but quite helpful strategies for managing cash.
In general, this is a nice little novel. It will not have the bells and whistles of morerecent books on fiscal management. But, for someone who’s just getting started in the area of investment management, it features a good primer. Plus, the excellent thing about Ed Butowsky’s strategy is that it’s practical, even for individuals on the cusp of investing. I think anyone considering financial evaluation will find something to enjoy here.