8% 8% I m a registered financial adviser and think that this book is an incredibly practical guide to some frequently overlooked corners of the market, containing compelling strategies that individual investors, or boutique adviser shops, can use to provide higher income than is generally acknowledged, with minimal principal risk, through the use of actively managed closed end funds CEFs and income producing stocks I appreciated how the book lays out an approach to disciplined purchasing based on buying CEFs at a discount to NAV and harvesting gains when those NAVs become inflated and a lower cost option is available I also really enjoyed the points made on why these strategies are not employed by the large nations firms hint it s because most of these CEFs are relatively small and cannot be leveraged by the large firms without adversely impacting NAV prices The book also does a good job discussing why actively managed REIT and bond funds still yield alpha over their indexed brethren.
There s a couple additions that would make the book stronger 1 The examples in the book are so specific and timely that they are frequently outdated If you want to take action on what s in the book, you ll spend significant time researching each space to locate good options It would therefore be helpful to have a high quality filtered map of the space that individuals could dig through to see what is most compellingly priced in each area.
2 More thoughts on suggested asset allocations for the portfolios that generate the returns implied by the title The book touches on this subject, suggesting 15 20 positions, 50% stocks and 50% bond CEFs, but I d like to go a level deeper than that.
All in all, if you want to explore portfolios that generate much higher cash returns than conventional dividend paying strategies and ETFs, this is a must read It will open your eyes to opportunities that can greatly expand your playbook for when you need to transition to living off the proceeds of your investments.
Full disclosure I was provided with a free review copy of the book and have invested some of my personal funds with Tom Jacobs, whom I have been an acquaintance of, for years.
Book reads like his subscriber Contrarian Income report, published monthly Jury still out on whether the highly leveraged CEF and bond funds will tank with market correction Should have been discussion on risk, including beta, and other risk metrics Brett s track record not bad, but I wouldn t put all retirement savings into the 8% plan There is something to be said for ETFs and dividend aristocrats that have stood the test of time albeit at a lower % return Do agree with 50 50 stock bond recommendation As a subscriber I do recommend his report just don t follow blindly.
This book is nothing than a pitch to sell their subscription service Any investor with a financial search engine could write this book, insert a bunch of graphs and look intelligent There is no information in this book that will help you get 8% returns, NOTHING The writer will insert a bunch of graphs that state something like this If you would have invested in when it went public you would be rich, with a graph showing what you would have today This book is not even worth the paper it was printed on I have been following Brett s dividend driven financial advice for the past few years through his subscription newsletter so I decided to give this a read This book was a great primer, with a lot of specific insights interspersed, outlining his sound advice The great thing about the methods and strategies he and Tom outline is that they are sound for any market eliminate as much risk as possible without shooting yourself in your foot No complaints at all about investing 10 and a few hours into this read Well worth it Thanks for the sane and manageable advice.
I have been a fan of Brett Owens for some time now and after reading hundreds of articles written by him for his Contrarian Outlook and I decided to join his Contrarian Income Report newsletter I started investing in several of the Closed end Funds he recommends and for the past year I have been pleased with the dividends and how the stocks are doing in general He has recommended that we sell a few of the stocks for various reasons and I have followed what he has recommended In one case the stock price was headed down and we got out before that happened In another recommendation he said sell and take the profit I did and made 800.
00 When I ran across this book he and Tom Jacobs have written I wanted it It explains a great deal about the market and how stocks react to good news and bad It explains how to retire on dividends and leave your principal intact and I am all about that I retired in 2006 and I have multiple investments I started with laddered CD s and as they matured the interest rates had dropped to levels I could not accept so I bought a mutual fund which has paid me every month since 2013 but the value of the mutual fund has gone down almost as much as I have been paid To sell it today I would still be money ahead but I would not get all my principal back so I am holding it and collecting the monthly dividend I also bought several Annuities one has matured and I bought another one with a different company I also have a bond fund that provides monthly income I was invested in the stock market also and just doing fair I was making money but it was taking for ever using drip plans for several of the better known companies As interest rates were going down I needed a way to make income by making my money work harder for me and I found Brett Owens He has pointed the way to Closed end Funds and following his advice I am making money following his Contrarian Income Report advice than I was on my own I highly recommend you get this book and if you like his advice join his Contrarian Income Report and he recommends certain stocks and tells you what price to pay and if he sees something going wrong he will recommend you sell NOW On the recommendation he made to sell now I did loose 2% of my investment but for the others I have been averaging a little better that 8% If you are not like me and have to have the hard copy you can get this book online cheaper and read it then decide if you to want to join his Contrarian Income Report newsletter He will give you monthly updates and if he sees bad news you will be the first to know it and get out while you still have 98% of your capital intact I give his book 5 stars Of the 19 stocks he is currently recommending I own 10 of them All of them are making me money.
It is packed with actionable ideas on REITs, closed end funds and other safe high yields This books is a must read for anyone looking to preserve capital while still living comfortably off savings.
Simply put, if you re nearing retirement or are already retired, this book shows exactly how to make the most of your savings, IRA or 401k, without losing sleep at night.
This book held my attention than possibly any financial book I ve read on the topic of retirement income investing I liked the book enough to recommend it to some of my friends before I even finished reading the book I agree with some reviewers who felt this book is a long advertisement for Brett s monthly newsletter, Contrarian Income Report However, a risk free trial subscription to the newsletter is available, so I subscribed after reading the book, because I felt it would take a lot knowledge and time than I have to find the investments that are currently available at discount prices The price of a one year subscription with the initial 1st year special offer did not cost much than a hard copy of the book After finishing the book, and subscribing the next day, several buying opportunities were shown in various types of investments as described in the book Some reviewers complain about the 8% withdrawal rate, but that s not what this book is about The subtitle indicates 8% returns may be safely EARNED and taken as income WITHOUT WITHDRAWAL of ANY principal This message is repeated throughout the entire book The website and the newsletter confirm another money making method described in the book that results from this strategy When following the strategy of achieving approximately 8% dividend yields, by purchasing CEFs and other investments at a discount, some investments will provide capital gains that may surpass the dividends earned if they are sold when the market takes the price to a premium The profits from the sale of a security are then reinvested into another one selling at a discount Although the book could possibly be thorough with 1 2 the pages and still cover everything that was covered, I suppose the repetition helps drive the message home.
read And Learn From This Book Or Become A Walmart Greeter Your Choice Richard Fields, Retirement Expert Wall Street Warns You To Withdraw Only % A Year When Retired But Main Street Retirees Have An Advantage You Can Obtain %, % And Even % Annual Dividend Yields Triple Or Even Quadruple The Sdividend Aristocrat BS And Learn How From Brett And Tom I ve read a lot of investment books and this is one of the readable clear prose, helpful charts, and a healthy dose of humor It argues, in essence, that one can earn a nice income from one s nest egg upwards of 8% per year and not dip into principal by investing in a combination of closed end bond funds and REITs real estate investment trusts The key and the biggest challenge to the lay investor is figuring out which funds in this category to invest in I was particularly fascinated by the discussion of closed end bond funds, which most retail investors don t even know about The strategy is to buy these at a discount to their NAV net asset value Why these funds even trade at a discount to NAV is still a bit of a mystery to me, but apparently that s what happens sometimes But the authors point out that not all discounted funds are equally attractive and some are not attractive at all so one needs to exercise judgment.
This book is written for the do it yourself investor, and I think I will try to implement some of these ideas in my own investing But when it comes to judging the good discounted closed end bond funds and good REITs from the bad ones, some folks might feel comfortable with a little hand holding and might benefit from the coaching contained in Owen s newsletter or, better yet, from having Jacobs implement the strategy for them Either way, a great read