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Charles Schwab's Guide to Financial Independence : Simple Solutions for Busy People

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Title: Charles Schwab's Guide to Financial Independence : Simple Solutions for Busy People
by Charles Schwab
ISBN: 0-609-80272-0
Publisher: Three Rivers Press
Pub. Date: 29 December, 1998
Format: Paperback
Volumes: 1
List Price(USD): $12.00
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Average Customer Rating: 4.53 (19 reviews)

Customer Reviews

Rating: 5
Summary: A good book for beginners
Comment: Written for those just beginning to consider an investment plan, Charles Schwab's Guide to Financial Independence provides good sound advice that individuals can't go wrong with. The book includes sections that guide readers through the task of determining their own "investor profile" and asset allocation plan. Schwab recommends diversification through no-load mutual funds and cost-effective index funds and provides additional insight into the tax and record-keeping aspects of mutual fund investing. Some of the more interesting parts of the book: Mrs. Schwab's firsthand experience with an investment club and the book's epilogue, probably the only part actually written by Schwab. I found almost no negatives to this book except the part about dollar-cost-averaging which is a commonly misunderstood concept. Although there were many references to his own company, the book didn't seem to be self-promoting in general. I would recommend this book to anyone with little or no knowledge of investing.

Rating: 4
Summary: A GOOD PRIMER
Comment: Charles Schwab has written an excellent book on how to get started in investing. It's easy to read and a excellent primer. Don't make this your only investment or financial book. I also highly recommend 'Mutual Fund Investing For Dummies" by Eric Tyson and "More Wealth Without Risk" by Charles Givens.

Rating: 4
Summary: maybe more stars, maybe less but I can't really say....
Comment: Being one of the "super novice beginners" targeted by the book (read other reviews) I found it very interesting and enlightening.

What got me started was kiyosaki's rich dad (worth reading with reservations) but this was a very good second book to read. Since then I've been reading/researching (7 books, 4 magazines, 3 weeks) before I pull the trigger to actually dropping cash.

I'm not sure what an experienced investor would say but what the hell, from one beginner to the next, read it.

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