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Invest Like a Boss

262: Closed End Funds (CEFs) & Lucrative Investor Newsletters with Michael Foster

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 9 February 2023

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sam and Johnny kick off the episode talking Sam's trip to Andorra and revisiting the past appearances of our guest this week, Michael Foster. Michael has appeared twice before on ILAB in episodes 63 (Listen Here) and 68 (Listen Here) both back in 2017. Sam then interviews Michael Foster on both the advantages of Closed End Funds (CEFs) and how much money one can really earn from having an investment newsletter subscription. Sam learns he may have been investing with his CEFs in a less effective way as Michael explains his strategy. Johnny & Sam circle back and discuss their investing philosophies for 2023 after a rough last year and if CEFs fit into them.   

About Michael Foster:  

Michael Foster is the Lead Research Analyst for Contrarian Outlook, where he writes CEF Insider. He has written on high-income assets, dividends, closed-end funds and exchange-traded funds for a number of publications including Forbes, Bankrate and SeekingAlpha. Michael finished his PhD in 2008 and has been advising investors since 2011.

Discussed: 

Where we are:

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Time Stamp:

  • 01:30 – Sam's Trip to Andorra
  • 04:50 - Why we Brought Michael Back on the Show
  • 11:15 - Michael Foster Interview Starts
  • 22:40 - Why Do You Need to Write a Newsletter if You're a Good Investor?
  • 35:20 - Michael's Buy & Sell Strategy for CEFs
  • 43:25 - How Much Money Can You Make on a Newsletter?
  • 59:58 - Would Johnny Invest in CEFs and will Sam Buy More? 

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey bosses, before we kick off this episode, I want to tell you about our sponsor this week,

0:04.6

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0:40.7

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0:48.0

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1:03.7

trial. I'll tell you even more about nom-nom in a minute. But for now, let's kick off this episode

1:08.1

of Invest Like a Boss. Welcome to the Invest Like a Boss podcast. I'm

1:12.1

Sam Marks. I'm Derek Sparts. And I'm Johnny FD. We're self-made entrepreneurs who invest our own money

1:17.0

and use modern technology to invest like a boss. Join us each week for exclusive interviews with

1:21.3

our network of modern investors, business owners, and multimillionaires to discover new ways to invest

1:25.9

our hard-earned cash.

1:33.9

Hey guys and welcome to another episode of Invest Like a Boss, brought to you from the Mountains of Andorra, or was Sam? I was like, wait a second, you're in Andorra? That's so weird, man.

1:41.8

I was there three days ago. How crazy it would be if we just both happen to be in Adora, we just miss each other. I know a lot of people are listening to this saying, where's And Dora? And the few people that I've talked to when I was there, they're like, everyone thinks it's in Africa. Yeah, is it not? No, it's in a smudged, this tiny little country smudged in between Spain and France. Oh, that was an easy trip for you then. Oh yeah, two and a half hour bus rides, beautiful, beautiful country, beautiful bus ride, super easy. It's a good spot. It's a tap saving. It's like Monaco. So it's blowing up, man. It's crazy. like I went probably first time 10 years ago and now it's like monaco so every it's blowing up man it's crazy like i went probably first time 10 years

2:18.6

ago and now it's like just brand new buildings everywhere but it's uh it's extremely boring

2:24.4

place after like two days i don't know how people it's like one of those places like really like

2:28.6

you're going to move there to dodge taxes and just be fucking so bored. Yeah, I can see that.

2:35.9

Anyways, to each their own, right?

2:38.0

But I'm assuming you're still in Kiev because when you picked up on video, which you

...

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