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Podcast: Financial Survival Network
Episode: Income Independence Coaching with Steve Selengut #6190
Description: Kerry Lutz and Steve Selengut discussed income independence coaching, emphasizing the importance of minimizing financial risk and diversifying investments. Steve outlined his investment philosophy, advocating for a portfolio strategy that includes high-quality investments and active management to capitalize on profit opportunities. He provided insights into closed-end funds, highlighting their income-generating potential, typical distribution rates around 10%, and the necessity for thorough research. Steve clarified the significance of purchasing funds at a discount, which varies based on market conditions, and likened his investment approach to managing a department store, where he actively adjusts positions based on performance. He targeted a 10% annual gain...