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Charles Schwab's New Guide to Financial Independence Completely Revised and Updated : Practical Solutions for Busy People
“There are dozens of primers on investing, but Schwab’s is straightforward and carefully organized. . . . The glimmers of his personal life are gems. . . . By now, Schwab is a financial brand name, and the lessons from his rich life make for good reading—and good investing.” — Suze Orman, author of The 9 Steps to Financial Freedom
The biggest risk in investing is doing nothing. In the updated edition of this New York Times bestseller, Charles Schwab presents clear and simple lessons that will give readers the confidence they need to start down the road to financial independence. Schwab, one of the most trusted gurus in American investing, explains all the basics in a clear, easy-to-understand way.
This revised edition completely updates the book to take into consideration the substantial changes and fluctuations in the market in recent years. A significant amount of new material has been added, including a valuable section on performance monitoring, a key strategy that enables investors to measure the performance of their portfolios against objective benchmarks.
Using this excellent book, investors will learn how
• Define and set investment goals
• Prepare an investment plan, put it into action, and update it regularly
• Plan for their children’s education
• Cope effectively with the ups and downs of the market
• Plan for a comfortable retirement
The biggest risk in investing is doing nothing. In the updated edition of this New York Times bestseller, Charles Schwab presents clear and simple lessons that will give readers the confidence they need to start down the road to financial independence. Schwab, one of the most trusted gurus in American investing, explains all the basics in a clear, easy-to-understand way.
This revised edition completely updates the book to take into consideration the substantial changes and fluctuations in the market in recent years. A significant amount of new material has been added, including a valuable section on performance monitoring, a key strategy that enables investors to measure the performance of their portfolios against objective benchmarks.
Using this excellent book, investors will learn how
• Define and set investment goals
• Prepare an investment plan, put it into action, and update it regularly
• Plan for their children’s education
• Cope effectively with the ups and downs of the market
• Plan for a comfortable retirement
304 pages, Paperback
First published June 22, 2004
24 people are currently reading
288 people want to read
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Displaying 1 - 8 of 8 reviews
June 26, 2012
Some pieces of this book I would take with a grain of salt as this was written pre-2007/2008/2009 Market Crash Recession muckfest, (for example, I don't know if I will be consulting anything from Lehman Brothers, figures for comparison or otherwise). Also, legislation has almost certainly changed, likely more than once and must be checked continuously.
But the vast majority of this book still applies for a simple explanation of how to get started at investing, and what on earth some of the terminology means.
There were certain aspects that are still over my head; but other things became so, so clear after reading a specific chapter or paragraph from this book.
I've been so busy I've hardly had a chance to read at all; but I made the time to read this. You have to make the time to plan your financial future.
I may be young, but I've seen the stress it causes people when they haven't done this (or when they have, but haven't agreed upon their financial priorities and strategy). It's one of the biggest things people fight about in relationships.
Do yourself a favor - and learn about, and look out for yourself financially! Nobody else will.
Other frustrations: The complications of finance when one is an American expatriate. Use whatever IRA plan you have while you're (earning an income) in the states! Have to quadruple check but fairly sure I'm not currently allowed to contribute to my own IRA since my income is not earned within the US.
The complications of tax considerations when one is an American expat.
Assignment: Continue searching for (free) resources for American expats to read up on.
But the vast majority of this book still applies for a simple explanation of how to get started at investing, and what on earth some of the terminology means.
There were certain aspects that are still over my head; but other things became so, so clear after reading a specific chapter or paragraph from this book.
I've been so busy I've hardly had a chance to read at all; but I made the time to read this. You have to make the time to plan your financial future.
I may be young, but I've seen the stress it causes people when they haven't done this (or when they have, but haven't agreed upon their financial priorities and strategy). It's one of the biggest things people fight about in relationships.
Do yourself a favor - and learn about, and look out for yourself financially! Nobody else will.
Other frustrations: The complications of finance when one is an American expatriate. Use whatever IRA plan you have while you're (earning an income) in the states! Have to quadruple check but fairly sure I'm not currently allowed to contribute to my own IRA since my income is not earned within the US.
The complications of tax considerations when one is an American expat.
Assignment: Continue searching for (free) resources for American expats to read up on.
November 25, 2012
Very helpful information for beginning investors. Not too complex, not too simple - just right for my level of knowledge, which is not much but not nothing. Schwab does a good job of breaking it down in a simple but clear way, and he convinced me that I need to be investing a least a portion of my savings as soon as possible to help grow my money and keep up with inflation, which limits the purchasing power of my money the longer it sits in a low-interest savings account.
September 19, 2007
If you could only read one book on Finances, this wouldn't be it. This is a good book for Schwab clients. Not a bad book. But if you're really interested in handling your own finances, go to Bob Brinker's website and study the list of 30 or so books he recommends.
October 24, 2007
Really great easy book to understanding the finance world, and how to make it work for you. Loved the book, and it is a wonderful resource.
January 18, 2008
Love it! A must read for investing (beginner-intermediate)
May 31, 2008
Investing for the common person made simple and easy to understand.
June 22, 2020
A bit more dry and focused on the facts but a pretty good overview of how to get started investing.
July 12, 2012
Good book for beginning financial investors
Displaying 1 - 8 of 8 reviews