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
So that's why they say four percent.
You've got a 20 year lifetime expectation.
It's like an annuity.
They're making you an annuity when you get to 85, which I'm getting there.
Once you get to 85, your portfolio will just be about gone.
That's the principle.
And in the bad years, in order to get 4%, you got to sell it even more.
In the good years, you still have to sell, but you may not be taking losses of capital to do it.
So it all evens out in the end and you're going to make it.
I mean, everybody's heard of dividend stock investing, right?
There have to be...
More than 100 individual stocks that pay more than 4% in dividends.
There are such things as REITs, BDCs, Business Development Corps, Master Limited Partnerships.
There are even ETFs and mutual funds that pay much more than 4%.
And then, of course, there are closed-end funds, which are the best in my estimation, because their sole purpose in life is to produce income for their shareholders.
And the reason for that is there are trust vehicles, and they have to pay 95% of their net income to their shareholders.
So you can't expect them to grow.
They're not going to, you know, you're not going to pick a winner and it's going to go and multiply three or 400%.
That's not going to happen, but it's going to pay you.
And right now, the ones that are purely income securities, bonds, mortgages, stuff like that are paying an average of 10%.
Showing 141–160 of 246 · page 8 of 13
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