An Investment Pays You To Borrow Your Money. It’s That Simple.

Today, Paul shares the first thing to look for when you see something that claims to be an investment: a clear cost-of-capital story. Many financial products claim to be investments, but at the end of the day, they are not paying you to borrow your capital. Listen along as Paul shares why financial products that don’t have a cost of capital can be dangerous, confusing, and come with difficult-to-measure risk. Paul also answers a listener's question about closed-end funds (CEFs). Later in the episode, Paul pushes against the growing pessimism that things are worse now than they used to be, sharing an article about how the upper middle class in the U.S. has been growing steadily over the last few years.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.