Episode 237: Unlocking Wealth Beyond Real Estate: A Conversation with Steve Selengut

The REI Diamonds Show-Real Estate Investment Podcast

Episode: In this episode, we're breaking away from the traditional real estate discussions to explore an intriguing investment avenue – stocks, securities, and closed-end funds. Dan sits down with Steve Selengut, a seasoned investor with a unique perspective that challenges conventional real estate thinking. Steve shares insights into his investment journey, influenced by his father's real estate background and how it shaped his income-focused approach. Get ready to delve into a conversation that could change the way you view wealth creation.
Guest: Steve, a seasoned investor with over 50 years of experience, evolved his career from pension investment to managing a successful investment business. His journey was inspired by his father, a real estate developer, teaching him the crucial importance of cash flow. Steve's investment philosophy centers around income focus, profit-taking, and building a diverse portfolio of high-quality assets. With a background in managing over $110 million in capital, he shares his insights on the podcast, offering a unique perspective on stocks, closed-end funds, and navigating the intricacies of the investment landscape.
Big Idea: In this episode Steve discussed his income-focused investment strategy. Drawing parallels between real estate and his closed-end fund approach, Steve emphasizes the importance of consistent cash flow for sustainable growth. By prioritizing income over market value, he introduces a methodology that mitigates risk and offers a practical alternative for investors seeking stable returns.
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Resources mentioned in this episode:
https://TheIncomeCoach.net/

View the Episode Description & Transcript Here:
https://reidiamonds.com/unlocking-wealth-beyond-real-estate-a-conversation-with-steve-selengut/
Steve Selengut & I Discuss Unlocking Wealth Beyond Real Estate:
• Income-Focused Investing: Steve's strategy centers on prioritizing income generation over market value, creating a resilient investment portfolio.

• Closed-End Funds: Understanding the role and benefits of closed-end funds in income-focused investment strategies.

• Market Volatility: Embracing market volatility as an opportunity for strategic trading and maximizing returns.

• Quality Criteria for Investments: Steve discusses key principles and criteria for selecting high-quality investment options.

• Realized Returns vs. Paper Returns: Differentiating between realized returns, focusing on income growth, and the potential pitfalls of chasing paper returns.
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