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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.
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...
The DOW 30 - Really Interesting Numbers The DOW 30 companies (best in the world) pay shareholders about 3.30% of in-your-pocket income. Less than the 4% needed in retirement, without including management fees, if any, and a small fraction of company earnings. Their collective P/E ratio is an incredibly speculative 43.37/1. Not one is in single digits, as most of them were in the past. My universe of nearly 100 high quality Equity Closed End Funds allows you to own all these companies and pays...
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...