Money Life with Chuck Jaffe

Money Life at FinCon '25: online leases, alternatives in IRAs and 'everyday money heroes'

Sep 12, 2025
In this engaging discussion, John Cole Scott, a closed-end fund expert, shares insights on investment strategies. Ravi Wadan reveals how DriveMatch.com simplifies pre-negotiated car leases. Nik Johnson emphasizes small daily choices for building generational wealth, while Gwen Merz-Joiner reflects on her journey from frugality to finding happiness and balance. Adam Bergman highlights the growing access to alternative assets in retirement plans, transforming investment strategies and opportunities. These insights inspire a fresh approach to personal finance.
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INSIGHT

CEF Versus ETF Tradeoffs

  • Closed-end funds can deliver higher yield and "juice" due to leverage and discounts versus ETFs.
  • John Cole Scott recommends mixing CEFs and ETFs to balance upside with volatility control.
ADVICE

Mix CEFs And ETFs Deliberately

  • If you believe in an asset class and want amplified returns, consider closed-end funds with leverage.
  • If you prefer lower volatility, use the ETF version or split allocations between both.
INSIGHT

Layered Leverage Multiplies Outcomes

  • A closed-end fund-of-funds multiplies exposure via "discounts on discounts" and layered leverage.
  • That magnification increases both potential gains and downside risk, so conviction matters.
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