Charles Schwab
Helps people buy and sell stocks and take care of their savings.
📖 Its story
Charles Schwab started out in 1971 in San Francisco with a small investment business. A few years later he had an idea: charge lower fees so more people could invest. That's how his company grew into one of the biggest in the United States.
💵 How it makes money
It earns money from interest on the cash its customers keep there and from fees for handling their investments.
🤯 Fun fact
Charles Schwab has dyslexia, a different way of reading, and he still built one of the biggest financial companies in the country.
👍 The good part
It has millions of customers who trust it to keep and invest their money.
⚠️ The risk
If interest rates go down or markets fall, it could earn less money.
🧠 Did you get it?
What idea helped Charles Schwab grow?
🗂️ Quick facts
- Founded in: 1971
- Founded by: Charles R. Schwab
- Home: Westlake, Texas, USA
🔎 How to find it on the stock market
- Search the internet for SCHW stock.
- You can also find it in your parents' investing app with the letters SCHW.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Charles Schwab. Ask your mom or dad to join the list.
Join the list