Feb 02 2025 28 mins
Join us on Average Joe Finances as our guest Steve Selengut, a professional investment manager with over 40 years of experience and the author of 'Retirement Money Secrets’, shares his journey into investment management, emphasizing the importance of diverse income streams, market volatility, and income-focused investing. He discusses his father's influence on his understanding of income generation, his early experiences in handling investment portfolios, and his strategy for using closed-end funds to secure steady income.
In this episode:
- Learn how income-focused investing can create financial stability in retirement, even during market fluctuations.
- Discover why closed-end funds offer a reliable monthly income stream and long-term wealth-building potential.
- Understand the power of embracing market volatility rather than fearing it, using strategic investment approaches.
- Gain insights into aligning your financial strategy with personal goals for a secure and stress-free retirement.
- And so much more!
Key Moments:
00:59 Meet Steve Selingut: A Veteran Investment Manager
01:22 Steve's Early Investment Journey
03:44 Investment Strategies and Market Insights
06:45 The Importance of Income Streams
09:28 Closed-End Funds Explained
15:47 Steve's Biggest Financial Lessons
20:12 Advice for New Investors
22:42 Steve's Recommended Resources
24:41 Where to Find More About Steve
Find Steve Selengut on:
Website: https://theincomecoach.net/
LinkedIn: https://www.linkedin.com/in/privateinvestmentmanagement/
Youtube: https://www.youtube.com/@steveselengut
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