Today's Animal Spirits Talk Your Book is brought to you by Stonebridge Capital Advisors.

Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.

Michael Batnick and Ben Carlson work for Rit Holt's Wealth Management.

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reflect the opinion of Ritt Holt's wealth management.

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For today's talk to your book, we spoke with John Schoenberg, who

is the CIO and portfolio manager at Stonebridge Capital Advisors and they run the covered

bridge fund which John mentioned to us before the naming worked out perfectly because they have

a bridge where they're located and this is a

covered call strategy. So sometimes these things just work out perfectly.

Yeah, I thought that the background on this, on how this happened was really interesting. So John was in the business for a long

time and I think he was in retirement and he was like okay now what do I do? How do I make

this money less? And he came up with a strategy that got back into the business and now runs

this for clients all across the country.

He told us he came up with a strategy to invest his own money from his prior money that he made.

It's interesting because this is one and we talk about it a little bit in the interview

this is one of those strategies that tries to straddle the line between bonds and stocks

and I think anytime you do that the majority of the way is going to be leaning

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