Famed Investor Charles Schwab on The David Rubenstein Show
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- Опубліковано 21 вер 2024
- Feb.20 -- Charles Schwab, chairman and founder of Charles Schwab Corp., talks about letting customers trade for free, overcoming dyslexia and how he became the face of the company. He appears on "The David Rubenstein Show: Peer to Peer Conversations." The show was recorded Nov. 12, 2019 in Washington.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...
@@ElijahOliver-t9u That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@claircourtway My advisor is VICTORIA CARMEN SANTAELLA;
You can look her up online
@@ElijahOliver-t9u The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
INVESTED by Charles Schwab - I read the book, listened to the audio book as well - highly recommended !
Charles Schwab´s story is pure inspiration and motivation for me !
Thank you Mr. Schwab for your service and may you still have a long life!
Best wishes from Berlin/Germany
(I even switched my brokerage depot to Charles Schwab which was not an easy task for a German, but it worked with the help and patience of many friednly Schwabbies. And one of my first trades was 87 stocks of SCHW - out of respect for Mr. Schwab and his courage to buy back the company from Bank of America in 1987 ... can´t afford 1987 shares, but those 87 SCHW are not for sale!)
Great to hear that you were able to open a Charles Schwab account in Germany. In my personal opinion, I think Charles Schwab is the best brokerage account out there and has an awesome checking account (no maintenance or account minimus, unlimited ATM rebates, etc.). Great research tool and fantastic customer service. Been a happy Charles Schwab customer since 2015
Charles Schwab over here.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@DavidAntony-gq7id This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name MARTHA ALONSO HARA and everything changed. I started enjoying huge returns from my investment.
@@BrunoLuke Oh, that sounds good but how do I reach out to MARTHA ALONSO HARA
@@BrunoLuke Okay, thank you. I just found her website very impressive and dropped a message for her.,. I hope she replies to me
One of the Best Interviews on this channel
JMB typical uneducated uninformed comment lol
I watch your interviews daily, 30 minutes of extra juice to enlighten my day!!! Thank you!! Please don’t ever stop!!!
I pass by a beautiful new Charles Schwab Campus in Austin almost every day. I'll have to look and see how this company can help me financially.
Great man and company, very well done interview.
Mr. Schwab's last line of this interview gave me a great chuckle. Great interview David Rubenstein!
No pun intended.
At minute 8:52 he basically invented the concept of Retrocession, funds are sold for free but management fees are embedding an inducement for the distributor. Amazing interview.
Always an interview worth millions of dollars worth of insights and knowledge. Keep them coming!
Thanks Mr. Rubeinstein and Mr. Schwab
1:16 "We're here today with Chuck Schwab" lol
Great person appreciate your work 👍🏿👍🏿 would love to hear you interviewing yourself.
Charles R. Schwab - born 7/29/1937 - (age 82 at the time of this interview)
5:28 "Are you kidding? What are my friends going to say?" Charles thought when asked to feature his face on advertisements
5:47 "5 Reasons I Should Be Your Broker" advertisement
7:17 We began using the internet in 1995
11:14 1 in 7 people have a dyslexia-related issue
14:14 Brokerages were built upon how they could make money, not on how customers wanted to do business
15:15 Bank of America bought our company, but I bought it back 4 years later
15:52 Was on the Bank of America Board of Directors at age 43
17:04 Sold company for $52 million, bought it back from $250 to $300 million
17:10 However, it was sold and re-purchased at 3x revenue, each time
17:32 Leveraged buyout, advised by George Roberts from KKR
17:52 Same year bought it back, went public with IPO
18:16 Stock dropped from $15 to $6 (-60%) in crash of 1987
18:33 Stock market cycles, eventually return to normal
19:45 Philanthropy is an obligation for all of us
20:36 This is my purpose
21:15 Free-market and free-enterprise (supporter of)
21:43 I've made a lot of mistakes but learned from all of them
22:16 Schwab 1000 ETF
23:10 Have enough humility to have a brilliant team around you -- throw ego aside
23:50 Stock tip: index fund
You offer it free because someone else did it first and saw crazy growth. So you made a smart change to compete. Don’t make it seem like you always had those intentions. Now I do admire that change was able and they didn’t fight it longer than I thought they would.
Thank you Mr. Rubenstein for you job.
just gotta love Mr. Schwab.
David please interview John Malone from Liberty Media.
Yeah, and make sure to ask him about FTD/Provide Commerce and how he screwed the pooch with his entire ecomm collection of companies. Looking forward to hear what he says.
Great interview Dave.
Thanks for yet another great interview, please interview George Soros! Audience would really appreciate that.
Well spoken Charles
Wonderful interview David
Best show on UA-cam
Charles Schwab ova here
Jay Santos glad I’m not the only who gets that 😂
@@tjcvelarde Twenty f**kin years I been waitin to make that comment
Jay Santos Phil “leotardo”
Ehe-heh-heh-heh-heh-heh)
Haha Sopranos
Hats off to Mr Schwab.
It’s easy to see why he is so successful. He cares about his investors.
This video provides valuable financial investment advice that I will consider applying to my investment strategy. Thank you for sharing this useful information!"
Legend
Charles Swab Corporation currently has $7.4 trillion Assets Under Management, this is more than the total Nominal GDP of South America and Africa combined!
20:00 the art world definitely needs improvement, it belongs to the category of first world problems
I love your show but the sound effects are hideous. Would you consider switching to something that does not jar the nerves?
so much wisdom from him
Neither of them had too much to say about a wealth tax, other than "I don't like it" .
I have so much in common with this man
So Charles, are we investors or traders ???
The two are not compatible.
Schwab quit helping me years ago.
Barbra Eden recently published a book. For those that are interested in TV side.
This is such cap. Schwab and other brokerages went to 0 because of competition from Robinhood, not because they wanted to.
ALMIGHTY GOD IS ONE AND BLESSES EVERYONE
they went to 0 because of robinhood
Robert Lemus that did push them to finally go all the way. But they’ve always had really good rates anyway. And they are way more reliable than robinhood. You can’t even call robinhood when things go wrong.
@@Sulfen f robinhood
Robinhood is terrible. Look at what they did to retail investors with the gamestop mania
Mr Charles Schwab should come to Rockford IL talk to me about new tech on Controlling the weather before Bill Gate come see me first.
Call Swedish American Hospital 779-696-4400 ask them about weather they know they been video tape me do it everyday .
❤❤❤❤❤❤
Charles Schwab is still alive?
Wowwwww❤❤❤❤❤
Chem Siam Commercial has Habbancie.
Charles Schwab ovah here
Only way you exist..im still here ..christina hicks,..
What mr.Charles meant when he said carlisle ?
Carlyle is a company David Rubenstein founded.
When someone makes...52 billion dollar company by hardwork and intelligence and his interview gets only 74k view.....it needs investigation...is it because...he is old person??it is because he is too genuine in a world where 95% are fake ppl...god knows...
As a dyslexic,
I Dream, that; he will be:
able, to: "show-case; what we _dyslexics: can do; for:
Italian_"Soccer"/FOOTball; ("Calcio" **in Italy**):_-Celtic, F.C. and "dyslexics, from: "Former_colonies"".-etc._-M.K.S.
❤️❤️❤️❤️❤️❤️❤️
Free for transactions because the market is so top heavy ie free ticket for dumb money into frothy market
You sound like a Bernie and aoc supporter :)
Vanguard or Fidelity. That’s it. 🎤 dropped.
Classic
Schwab interview was great- the montage of Rubenstein in the beginning, not so much
Davis Jose Thompson Shirley Clark Susan
Is he related to Klaus schwab
Yes. He's Klaus's nephew. Small world.
Megastar oxcerbar las estrellss del cielo
เช็มไทยพาณิชย์มีแฮบ
bok iworf it's for me oh oh oh forme
Difficult to listen to him talk. Dont know why
He is talking to you on a human level
❤😂❤😂😂😂,
Schwab is a crook. Don't let him fool you.
This guy obviously did not innovate and it's gonna get killed by RH
Lol. Wrong.
Robinhood targets a complete different audience to Schwab. One is for millennials the other for self directed individuals.
I went with Schwab, not RH. Schwab is solid.
If you know anything about Schwab his business model is not transactional. It's about personal relationship with clients and attracting independent investors who need little or no advise. Of course with time they have modify there strategies but that was their original concept.
I moved all my investments from Robinhood to Charles Schwab last year. Very pleased with my decision.
Perché io non posso per la legge scrivere parollace o scrivere ciò che vedo su Messenger e loro in gruppo possono sfregiarmi sempre perché e vietato dire parollace o scrivere ciò che si pensa e loro possono usare il potere per fare ciò che vogliono anche se sono povera
Charles Schwab over here.
Charles Schwab over here