Money Magazine presents the first in a series of interviews with the great money minds of the past 35 years. Charles Schwab reveals the smartest way to invest, and it includes exchange traded funds (ETFs). Jason Zweig reports Schwab has more than a tale of a broker who rode a boom. He has strong views on persistence, luck, money and life. He has survived three bear markets and believes that generally, stocks have always gone up. He says to buy an index and you will have long-term growth almost to a certainty. His one bit of financial advice to someone who is just starting out is to buy index funds and exchange traded funds (ETFs). Although it may not seem like a lot of action to a 25 year old, it’s the smartest thing to do. I’ve always admired Chuck and he continues to put the client first.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.