Steve Selengut
speaker
246 appearances
1 recordings
1 series
first heard Jan 2025
last heard Jan 2025
Steve Selengut’s voice in public audio — every appearance, attributed to the second.
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Appearances
I look at securities since I own so many different ones in this closed-end fund universes that I've created, all these things that met my quality standards and they pay big, nice income and all that.
But I look at them like they're the merchandise in a department store.
In a department store, you set prices.
You have a markup on your inventory.
The last thing you want to see is the value of your inventory rising.
That means you don't have any sales.
You're not making any money.
So I look at my portfolio in exactly the same way.
Every one of these things has a purpose.
Even though it's got one purpose, it's paying me a lot of money in dividends.
Its second purpose, it's potentially that I can make profits on it by selling it in my store.
So somebody wants to pay my markup, which is 5%, I'll take it.
I'll buy something else, put it back on the shelf.
And I do that over and over and over with the same merchandise.
Just like a store.
And I think if you can take that approach and looking at your portfolio and thinking of it in that manner, it'll make it a lot easier for you to focus on income and to appreciate the market cycle because it's the market cycle that gives you those profit opportunities and the opportunity to replace your inventory at a lower level.
I think we've gotten into the first thing to do is take a look at it.
do you have any positions that are bigger than five percent of the total wealth you have do you have a lot of unrealized profits how much of that is profit that you haven't taken and if the market continues to go down like it has the last three days let's say it does that for the next 50 days
all that props can disappear, you know?
So look at things like that.
Showing 221–240 of 246 · page 12 of 13
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