Talk Your Book: Creating Monthly Income From Your Portfolio

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 25 August 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by John Burrello, Senior Portfolio Manager at Invesco to discuss: their Income Advantage suite of ETFs, how options work, the risks involved in big payouts and more. Find complete show notes on our blogs... Ben Carlson’s ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠A Wealth of Common Sense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Michael Batnick’s ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Irrelevant Investor⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Feel free to shoot us an email at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://idontshop.com⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits Talk Your Book is brought to you by Invesco. Go to Invesco.com to learn more about Invesco's Income Advantage ETF Suite. That's Invesco.com to learn more.
0:11.3	Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael Batnik and Ben as they talk about what they're reading, writing, and watching.
0:20.6	All opinions expressed by
0:21.7	Michael and Ben are solely their own opinion and do not reflect the opinion of Riddholz wealth
0:26.0	management. This podcast is for informational purposes only and should not be relied upon for any
0:31.0	investment decisions. Clients of Ritholt's wealth management may maintain positions in the
0:35.5	securities discussed in this podcast.
0:48.9	Welcome to Animal Spirits with Michael and Ben. Michael, we talk often about strategies that have a psychological component to them. That there's the math piece, and this is the quants, have the blinders on, and they look at just the math, right?
0:57.1	Does this make sense from a math piece?
0:58.8	The sharp ratio, the risk-adjusted returns, the whatever return per unit of risk.
1:04.8	And then there's a psychological component where there are just psychological hurdles people have a hard time getting over.
1:09.5	And it's interesting that in a bull market where growth stocks are exploding and AI speculation
1:16.4	is happening, that we're also seeing an explosion in option income strategies.
1:22.1	That almost doesn't seem to make sense in this.
1:24.2	Why would you want to own income strategies when the stock market
1:28.3	is going bananas? A counterpoint, it does make sense. Or maybe this is what you were getting at
1:34.3	psychologically. You might say, hey, the market's up 15% in the year for the last eight years.
1:41.7	I want some exposure, but not all the exposure.
1:49.8	I, you know, and this is a way to do that. I don't want all the smoke. I don't want all the upside. Right. It's a way to get yourself some regular income because these type of strategies
1:56.1	pay out monthly, but also just take some stuff off the edges, right? We're not going to go down as much.
2:01.8	We may not go up as much either, but it's equity exposure. And I think people like seeing
2:07.2	those eight, nine, 10 percent yields. And there's obviously the yield products that have 50,
	...

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