Beginner's Guide To Charles Schwab Online Brokerage - Guidance
AAA
  1. Beginner's Guide To Charles Schwab Online Brokerage - Introduction
  2. Beginner's Guide To Charles Schwab Online Brokerage - Basics
  3. Beginner's Guide To Charles Schwab Online Brokerage - Products
  4. Beginner's Guide To Charles Schwab Online Brokerage - Research
  5. Beginner's Guide To Charles Schwab Online Brokerage - Guidance
  6. Beginner's Guide To Charles Schwab Online Brokerage - Trading
Beginner's Guide To Charles Schwab Online Brokerage - Guidance

Beginner's Guide To Charles Schwab Online Brokerage - Guidance

By Free

The guidance channel on Schwab is where you will find information on how to prepare for various financial events such as retirement, college, or a new child. This is also the place to go for various financial calculators such as those designed to determine how much you need to put aside for retirement or to pay for college education. The guidance channel offers a wide range of tools, and the best way to find those that might be helpful to you is to browse the site for a while. For the purposes of this article, we will simply look at a few of the more popular guidance tools that Schwab offers.

  • TurboTax - you can find information on how to link your Schwab account with TurboTax for ease of filing come tax time
  • New wealth - Schwab offers a lot of information aimed at helping individuals prudently manage and invest cash windfalls (whether by inheritance, sale of a business, the lottery, etc.)
  • Children - there is a lot of information here on financial considerations upon having a child, including planning for college, making sure you're properly insured, and estate planning
  • Retirement - Schwab provides plenty of information and guidance both on saving for retirement as well as financial steps you should consider taking immediately upon retirement

When it comes to the nuts and bolts of investing, you have three choices at Schwab. The first is to do it yourself, while utilizing the tools and resources of the Schwab website and your own research and analysis. The second choice is to do it on your own, but occasionally schedule a one-on-one consultation to make sure you're on the right track or to get guidance on a particularly difficult issue (Schwab offers these both for free as well as on a fee basis.) Finally, if you think you would benefit from professional help, you can use the tools and resources of the Schwab website while receiving ongoing help from a Schwab financial professional.

Portfolio Evaluation
One set of tools that you might find valuable within the guidance channel are the portfolio evaluation tools. These allow you to look at your current portfolio in order to see what your asset allocation mix is and whether or not you're properly diversified. You can also use this to look at the gains and losses on individual securities or in in your portfolio as a whole, and to compare your performance versus various benchmarks (such as the S&P 500.)

SEE: 5 Tips For Diversifying Your Portfolio

Tools and Calculators
Schwab offers a variety of tools and calculators for functions such as screening for mutual funds or stocks, calculating how much money you need to save for retirement, and figuring out whether or not you can save money by refinancing your mortgage. A table with the main tools and their functions is below, and you can find more information on any of these functions on the Schwab website.

Figure 8 - Functions Available Under Schwab: Guidance: Tools & Calculators
Beginner's Guide To Charles Schwab Online Brokerage - Trading

  1. Beginner's Guide To Charles Schwab Online Brokerage - Introduction
  2. Beginner's Guide To Charles Schwab Online Brokerage - Basics
  3. Beginner's Guide To Charles Schwab Online Brokerage - Products
  4. Beginner's Guide To Charles Schwab Online Brokerage - Research
  5. Beginner's Guide To Charles Schwab Online Brokerage - Guidance
  6. Beginner's Guide To Charles Schwab Online Brokerage - Trading
Beginner's Guide To Charles Schwab Online Brokerage - Guidance
RELATED TERMS
  1. Bid Wanted

    An announcement by an investor who holds a security that he or ...
  2. Hindsight Bias

    A psychological phenomenon in which past events seem to be more ...
  3. Paper Trade

    Using simulated trading to practice buying and selling securities ...
  4. Growth Of 10K

    A graph that shows the change in value of an initial $10,000 ...
  5. Financial Exposure

    The amount that one stands to lose in an investment. For example, ...
  6. Bid And Asked

    A two-way price quotation that indicates the best price at which ...
  1. Why do share prices fall after a company has a secondary offering?

    The best way to answer this question is to provide a simple illustration of what happens when a company increases the number ...
  2. Why do stock prices change following news reports?

    Stock prices move up and down every minute due to fluctuations in supply and demand. If more people want to buy a particular ...
  3. How do I calculate the adjusted closing price for a stock?

    When trading is done for the day on a recognized exchange, all stocks are priced at close. The price that is quoted at the ...
  4. How do I find historical prices for stocks?

    Whether for research purposes, bookkeeping or even general interest in historical performance, this is a question that many ...
comments powered by Disqus
Related Tutorials
  1. Investing For Safety and Income Tutorial
    Bonds & Fixed Income

    Investing For Safety and Income Tutorial

  2. American Depositary Receipt Basics
    Economics

    American Depositary Receipt Basics

  3. Stock Basics Tutorial
    Investing Basics

    Stock Basics Tutorial

  4. Beginner's Guide To J-Trader
    Trading Systems & Software

    Beginner's Guide To J-Trader

  5. Beginner's Guide To CQG Integrated Client Trading Platform
    Trading Systems & Software

    Beginner's Guide To CQG Integrated Client Trading Platform

Trading Center