Edward”Ed” Butowsky is a certified public accountant and financial adviser. In 2021,he established Chapwood Investments, LLC, an investment advisory firm focusing on client wealth management.
Ed Butowsky spoke about financial education in an interview with Howard Stern. He had been quoted as saying, quote,”The financial education of anyone nowadays can be found online.” He proceeded to add that people now need more than just a basic understanding of fund, but must be equipped with the tools to manage their finances. He proceeded to say there are too many people out there that do not know how to manage their money and lose it. He went on to call those that do know how to invest properly as”courageous people,” and that he believed these individuals were in good demand.
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’s a very good author and has a very engaging personality. That having been said, some of his recommendations might have been demonstrated to be a bit off the mark, but overall, this is a very good book so far as financial advisors go.
In this book, Butowsky starts out by describing the task of a financial adviser. The focus of this first section is on what a financial adviser does. According to Butowsky, his principal duty is to examine the financial statements of clients and recommend changes so as to enhance their financial wellbeing. However, the actual test of a financial adviser is in how they manage their own portfolio.
This section of the book is quite comprehensive and goes into the types of investments which an advisor should evaluate before advocating any type of investment. But,even after considering all ofthe best investment opportunities, a financial adviser still has some responsibility to their clients. The book then has a short description of the way to make investments. And, finally,it ends with a few short but quite helpful strategies for managing money.
Overall, this is a wonderful little novel. It will not have the bells and whistles of recent books on financial management. However, for someone who is just getting started in the world of investment management, it features a fantastic primer. Plus, the great thing about Ed Butowsky’s approach is the fact that it’s sensible, even for people alreadyon the cusp of investing. I think anyone interested in financial analysis will find something to like here.