profile

The Retirement Income Independence Coach

...and this is why we take profits

Published almost 2 years ago • 1 min read

THE INCOME INDEPENDENCE COACH

I'm sure we'll be discussing this in the November 13th Q & A, but here we are in a not so great profit-taking environment for the first time in several months. For many of you, this is your first such experience. You'll remembering me saying that it won't always be this easy!

Prices in IRE (Interest Rate Expectation) sensitive securities have pretty much stopped rising and all CEFs are IRE sensitive securities. Typically this has no impact at all on CEF distributions and it will probably allow us to reinvest a whole lot of D-Day distributions at lower prices than we have been over the last few weeks.

Those of you who have been "holding out" for higher prices, starting to fall in love with some "winners", or holding on to see how the election impacts prices, are learning a valuable investment management lesson.

Take some profits (or at least one) everyday; if there are only a few profits to be had, it simply means that there are more good investment opportunities available. Even the smallest of profits produces capital that can be used to reduce cost basis and increase yield.

The Retirement Income Independence Coach

Steve's goal is to help you achieve true income independence through proven, non-traditional investment strategies. Stay ahead of market trends, take advantage of timely promotions, and discover reliable methods to secure your financial future, no matter the market's ups and downs.

Read more from The Retirement Income Independence Coach

I’m sitting here looking at a “selection universe” of 50 TAX FREE MUNI INCOME FUNDS that you are welcome to research for your own use. Details: · 12 Institutional managers like Blackrock, Nuveen, Pimco, and Invesco · Average cost per share = $10.69 · Average Yield per fund = 6.68% · 23 yielding over 7%; 41 over 6%; none below 5% · Some are state and federal tax free: CA, VA, NJ, NY, AZ, MN, MA, PA · Four are AMT (Alternative Minimum Tax) Free · Average years in operation = 28 · Average number...

16 days ago • 1 min read

https://www.eventbrite.com/e/vetting-an-investment-advisorfiduciary-tickets-1992780328607 Mark you calendar for this July 16th dive into vetting or hiring an investment professional to handle your investments. July 16th at 2:00 PM eastern

about 2 months ago • 1 min read

The popular Stock Market averages are down an average 7% from their recent All Time Highs and are currently at about the same levels as they were between July (NASDAQ) and October (DOW) of 2024. The average yield of the averages (SPY, ONEQ, and DIA) is a stingy 1.6%. The Bond market as measured by BND (Vanguard Total Bond Market Index) is mid-range of where it has been since July of 2022 and yielding an almost as stingy 3.61%. So as a retiree, how much erosion of “working capital” have you...

over 1 year ago • 1 min read