Day: March 29, 2021

Managing Cash: A Guide to Getting Started in the Business of Financial Planning and Investment by Ed Butowsky

Edward”Ed” Butowsky is a certified public accountant and financial advisor. In 2021,he created Chapwood Investments, LLC, an investment advisory company focusing on client wealth management. Together, together with Robert Kiyosaki, Butowsky developed a fiscal products line called Rich Securities, Inc..

Ed Butowsky talked about financial education in an interview with Howard Stern. He was quoted as stating, quote,”The fiscal education of anybody now could be found online.” He went on to add that people now need more than just a basic understanding of finance, but has to be armed with the resources to handle their finances. He went on to state thatthere are too many people out there that don’t understand how to manage their money and shed it. He went on to call the ones that do understand how to invest properly as”courageous individuals,” and he thought these folks were in great demand.

Before we proceed, I want to give Ed Butowsky a few credit. The chap is definitely an expert when it comes to financial advice and investing. He is a very good writer and has a very engaging character. That being said, a number of his recommendations may have proven to be a bit off the mark, but overall, this is a very good book as far as financial advisers go.

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. In accordance with Butowsky, his main duty is to examine the financial statements of customers and recommend changes in order to enhance their financial health. However, the actual test of a fiscal advisor is in how they handle their own portfolio.

This section of this book is very detailed and goes in the types of investments that an advisor should appraise before advocating any type of investment. But,even after considering all ofthe very best investment opportunities, a fiscal advisor still has some obligation to their clients. The book then continues with a brief description of the way to invest. And, finally,it concludes with some short but quite helpful strategies for handling cash.

In general, this was a wonderful little novel. It doesn’t have the bells and whistles of morerecent books on fiscal management. But, for someone who’s just getting started in the world of investment management, it features a fantastic primer. Additionally, the excellent thing about Ed Butowsky’s strategy is that it’s sensible, even for people on the cusp of investing. I think anyone considering financial analysis will find something to like here.

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