63: Talking CEFs for 9.9%+ Yield with ‘CEF Professor’ Michael Foster
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 19 July 2017
⏱️ 58 minutes
🧾️ Download transcript
Summary
Michael Foster is the Lead Research Analyst for Contrarian Outlook. He is the only analyst in the world who is 100% devoted to CEFs with market caps under $1 billion. Michaels reports are widely read by analysts and portfolio managers at some of the largest hedge funds and investment banks in the world, with trillions of dollars in assets under management.
During the show, Brett Owens talks with Michael on the CEFs to buy with safe dividends and high yields. You’ll learn the difference between Closed End Funds, Mutual Funds, and Exchange Traded Funds including buying at a discount. Sam Marks will share his experience buying CEFs and explain the process.
Links:
Where are we:
Johnny FD – Ukraine
Sam – Asia
Discussed:
Michael’s Articles
> The 9.9% Yields Every Retiree Must Own
> 10 Funds That Crush the Market and Pay up to 9.5%
Sam’s Municipal Bond CEFs
ILAB 33 – Brett Owens, 3 Recession Proof REITs to Buy Now
Books:
Start Here – Recommended Reading
Time Stamps:
07:15 - Safe dividends and yields
10:27 - Close end funds, mutual fund, and ETF
14:35 - CEF quantity and discounts
20:51 - Typical investors
27:33 - Types of funds with high payout
41:59 - Buying CEF and municipal bond funds
43:27 - Downsides to CEF
47:32 - Process of buying
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Copyright 2017. All rights reserved. Read our disclaimer here.
Transcript
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| 0:00.0 | Hey bosses, this week's sponsor is FreshBooks, the easy to use cloud accounting software. |
| 0:05.0 | FreshBooks is offering a 30-day unrestricted free trial to our listeners. |
| 0:08.5 | To claim it, just go to freshbooks.com slash invest and enter Invest Like a Boss in the |
| 0:13.4 | How Did You Hear About this section? |
| 0:15.3 | Welcome to the Invest Like a Boss podcast. I'm Sam Martz and I'm Johnny FD. |
| 0:19.2 | We're self-made entrepreneurs who invest our own money |
| 0:21.3 | and use modern technology to invest like a boss. Join us each week for exclusive interviews with our |
| 0:25.8 | network of modern investors, business owners, and multimillionaires to discover new ways to invest our |
| 0:30.4 | hard-earned cash. Hey guys, it's Johnny and welcome to episode 63 of the Invest Like a Boss podcast. |
| 0:37.2 | I'm here Sam Marks. |
| 0:38.4 | What's up? |
| 0:38.8 | What's up bosses? |
| 0:40.1 | Welcome back. |
| 0:41.0 | And this week we have something brand spanking new for you. |
| 0:45.5 | We have back on one of everyone's favorite guests, Brett Owens, who we had on back in episode 33 talking about REITs. |
| 0:51.6 | And now we got them back on to kick off a new format that we're excited |
| 0:56.2 | to introduce called guest hosts where basically we are on bringing back a previous guest and we're |
| 1:02.7 | having them interview one of the smartest people they know so here it is we're excited for it. |
| 1:08.3 | What do you think, Johnny? |
| 1:08.9 | Yeah, I think it's super cool because |
| 1:10.8 | if you guys haven't listened to episode 33, that was all about REITs. And we were really excited about |
| 1:16.5 | kind of income producing investments, either things that provided investments in returns with |
... |
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