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.
So How Are You Doing?
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For me, 2024 is developing into a best-ever total income year, with profit-taking exceeding the "six-months of distributions" level (total realized, in-my-pocket, income of about 14% through September). Those of you who started the Income Focused Investing program recently should be doing equally as well or better, even with pulling the trigger on profits a bit later than I do. Isn’t it great having hundreds of suitable CEFs to choose from as "replacement parts"? I'm sure most of you have developed personal selection universes like mine and I hope that those of you who subscribe to my universes are pleased with your results. I’m hoping that all of you are developing a “my portfolio is a department store” mentality, focusing on cash flow instead of the value of the inventory. The only problem with cycles in which CEF distribution rates are in the 10% area AND profit-taking opportunities abound is complacency. Investors may begin to think that this is the norm... rising prices and multiple daily profit-taking opportunities. I've heard some people express the opinion that profit-taking doesn't need to be quite so aggressive. Try not to let that happen to you. · Profits are important as a secondary stream of income that helps to grow the primary stream, or “base income”. Admiring (and/or being proud of) a large, unrealized profit, does absolutely nothing to grow your Base Income. And it’s the base income that pays the bills during significant corrections. In investing, where the future is always unknown, it's relatively easy to be both "right" and "wrong" at the same time. So, keep in mind that there will not always be environments like we’ve enjoyed so far this year. When possible, take at least one profit every day in each of your portfolios. Buy new securities or add to those that are down. Try to keep in mind that CEF prices have periodically fallen by 20% or more… be prepared by adding smaller new positions rather than adding to ones that aren’t down more than 7% or so. There’s no such thing as a bad profit, and isn’t it great that losses are rarely even considered? ----------------------------- If you are not experiencing a good "Income Growth" year, let’s meet to see why. If you are, please tell your story to others, in and outside the CEF discussion groups. |
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.
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...
Thank you all so very much… For making my first year as an Income Independence Coach a rousing success. You have no idea how satisfying and interesting it is getting y’all into this totally new mindset and putting you on the path to income independence! Just 18 months ago, I was managing $110 million in working capital for roughly 145 individuals, families, and businesses throughout the USA. Today, I’ve coached 110 investors throughout the world and provided security selection universes to...
Hi all, Amazon’s Big Deal Days are officially here, and for the next 24 hours only, you have the opportunity to grab a copy of Retirement Money Secrets with FREE shipping and 90% off the audiobook if you aren't already a member of Audible. This special sale is happening today and tomorrow only, so if you’ve been waiting to dive into the strategies and insights that’ll guide you toward true retirement income independence, now’s the time to get your hands on these secrets! Plus, with the...