In 2021,he created Chapwood Investments, LLC, an investment advisory firm focusing on customer wealth management. Together, together with Robert Kiyosaki, Butowsky developed a financial products line named Rich Securities, Inc..
Ed Butowsky spoke about financial education in a meeting with Howard Stern. He was quoted as stating, quote,”The financial education of anyone now could be found online.” He proceeded to add that people now need more than only basic knowledge of finance, but has to be armed with the tools to handle their finances. He proceeded to state thatthere are too many people out there that don’t know how to control their money and lose it. He went on to call the ones that do know how to invest correctly as”courageous individuals,” and he thought these folks were in great demand. In precisely the same interview, Butowsky mentioned the requirement for financial education for the general public.
Before we proceed, I want to give Ed Butowsky some credit. The chap is absolutely an expert when it comes to financial advice and investing. He is a very good author and has a very engaging personality. That being said, a number of his recommendations may have been demonstrated to be a bit off the mark, but overall, this is a very good book so far as financial advisers go.
Within this book, Butowsky starts out by describing the task of a financial advisor. The focus of this first section is about what a financial advisor does. According to Butowsky, his principal responsibility is to examine the financial statements of clients and recommend changes in order to improve their financial wellbeing. However, the real test of a financial advisor is in how they handle their own portfolio.
This section of the book is very comprehensive and goes in the types of investments which an advisor should appraise before advocating any type of investment. But,even after considering all ofthe best investment opportunities, a financial advisor still has some obligation to their clients. The book then continues with a brief description of how to make investments. And, finally,it ends with a few brief but quite helpful strategies for managing money.
Overall, this was a wonderful little book. It doesn’t have the bells and whistles of recent books on financial management. But, for a person who’s just getting started in the area of investment management, it features a fantastic primer. Plus, the great thing about Ed Butowsky’s strategy is that it’s sensible, even for people alreadyon the cusp of investing. I think anyone considering financial evaluation will find something to enjoy here.