What Do Bad Jobs Numbers Mean?

June 1, 2012

The new jobs report is out, and it is much worse than expected. Business hired far fewer people last month than economist predicted. Only 69,000 jobs were added in May, the weakest report in a year. Economists surveyed by CNN money had expected more than twice that number. Unemployment rose to 8.2%, and economists expected it to stay around 8.1%. Now there is fear out there about whether the economy is really recovering and what these numbers mean to the average investor. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins CNN Headline News to discuss what the true impact on the market for this less than favorable jobs report released on Friday and how this may impact the stock markets nationally.

Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
 

Ed Butowsky Discusses How To Manage Your Money With Professional Athletes

September 6, 2010

Ed Butowsky, Managing Partner of Chapwood Investment Management, appears live on CNN with current and retired professional athletes like Winfred Tubbs, Tony Brackens, John Smith, Darren Woodson, and others to discuss how to manage your money. Life as a professional athlete is not just about knowing the playbooks, or knowing your opponents for the next game it’s about knowing how to invest your money. The average career for a professional athlete is relatively short, and the money they make in that time period is typically what they have to live on for the rest of their lives. Understanding how to invest and manage their money usually requires them to understand the basics of money management. In his financial boot camp training sessions, Ed Butowsky explains that if you keep your spending under control you will not go broke. Ed explains how to manage your money by comparing the “ideal” portfolio to a well balanced meal. The “ideal” meal includes public securities, alternatives, real estate, and private equity, but how much in each area? The bottom line is that everyone makes the same mistakes.