“Closed End Funds offer high yields and tend to have safer dividends than a lot of high yield alternatives”
Michael Foster
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.
Listen to ILAB 63 on iTunes here or subscribe on your favorite podcast app.
ILAB 63 Show Notes
Links:
Where are we:
Johnny FD – Ukraine
Sam – Asia
Recommended:
ArtofFX – start with just a $10,000 account (reduced from $25,000)
Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)
Wealthfront – get your first $15,000 managed free
Betterment – get up to 1 year managed free
RealtyShares – try it free with ILAB link
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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