262: Closed End Funds (CEFs) & Lucrative Investor Newsletters with Michael Foster
Invest Like a Boss
English - February 09, 2023 11:00 - 1 hour - 94.9 MB - ★★★★★ - 477 ratingsInvesting Business Technology finance invest investing investment millionaire money retirement stocks wealth wealthfront Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Sam and Johnny kick off the episode talking Sam's trip to Andorra and revisiting the past appearances of our guest this week, Michael Foster. Michael has appeared twice before on ILAB in episodes 63 (Listen Here) and 68 (Listen Here) both back in 2017. Sam then interviews Michael Foster on both the advantages of Closed End Funds (CEFs) and how much money one can really earn from having an investment newsletter subscription. Sam learns he may have been investing with his CEFs in a less effective way as Michael explains his strategy. Johnny & Sam circle back and discuss their investing philosophies for 2023 after a rough last year and if CEFs fit into them.
About Michael Foster:
Michael Foster is the Lead Research Analyst for Contrarian Outlook, where he writes CEF Insider. He has written on high-income assets, dividends, closed-end funds and exchange-traded funds for a number of publications including Forbes, Bankrate and SeekingAlpha. Michael finished his PhD in 2008 and has been advising investors since 2011.
Discussed:
CEF Insider Website (Contrarian Outlook) Michael's 1st ILAB Appearance - July 2017 MIchael's 2nd ILAB Appearance - August 2017 CEF Tickers Mentioned: $AIO, $BST, $BSTZ, $ETG, $ETYWhere we are:
Johnny FD – Ukraine / IG @johnnyfdj Sam Marks – Andorra / IG @imsammarks Derek Spartz – Los Angeles / IG @DerekRadioSponsor:
Nom NomAt Nom Nom, we make food that looks like food. Tailored to your pet’s exact needs and backed by years of scientific research. Get 50% off your first 2 week trial when you visit trynom.com/ilab
Like these investments? Try them with these special ILAB links:
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)*Johnny and Sam use all of the above services personally.
Time Stamp:
01:30 – Sam's Trip to Andorra 04:50 - Why we Brought Michael Back on the Show 11:15 - Michael Foster Interview Starts 22:40 - Why Do You Need to Write a Newsletter if You're a Good Investor? 35:20 - Michael's Buy & Sell Strategy for CEFs 43:25 - How Much Money Can You Make on a Newsletter? 59:58 - Would Johnny Invest in CEFs and will Sam Buy More?If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.