Dividend Stockpile All About Closed-End Funds (CEFs) with The Income Coach - Steve Selengut
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Nov 4, 2024 Join investing expert Steve Selengut, author of "Retirement Money Secrets," as he unpacks the world of Closed-End Funds (CEFs). He shares intriguing insights on how CEFs can generate superior income compared to traditional options. Listeners will learn essential strategies for navigating risks, maximizing returns, and diversifying portfolios. Steve also discusses the importance of accurate data for investment decisions and shares his journey from traditional investments to leveraging CEFs. Plus, get a glimpse into his delightful semi-retirement adventures!
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Steve's Early Investing
- Steve Selengut, with 55 years of investing experience, began by managing a portfolio of dividend-paying stocks.
- Trading and reinvesting profits led him to a career as an investment manager.
Discovering CEFs
- Steve discovered closed-end funds (CEFs) through Petroleum and Resources, initially unaware of its structure.
- He realized CEFs offered higher yields and easier trading than individual bonds or stocks.
CEFs as Trust Vehicles
- CEFs are trust vehicles designed for income generation, unlike ETFs or mutual funds focused on market value growth.
- Their price fluctuates based on supply and demand, not net asset value (NAV).