63: Talking CEFs for 9.9%+ Yield with ‘CEF Professor’ Michael Foster

Michael Foster is the Lead Research Analyst for Contrarian Outlook. He is the only analyst in the world who is 100% devoted to CEFs with market caps under $1 billion. Michaels reports are widely read by analysts and portfolio managers at some of the largest hedge funds and investment banks in the world, with trillions of dollars in assets under management. During the show, Brett Owens talks with Michael on the CEFs to buy with safe dividends and high yields. You’ll learn the difference between Closed End Funds, Mutual Funds, and Exchange Traded Funds including buying at a discount. Sam Marks will share his experience buying CEFs and explain the process.   Links: Contrarianoutlook.com   Where are we: Johnny FD – Ukraine Sam – Asia   Discussed: Michael’s Articles > The 9.9% Yields Every Retiree Must Own > 10 Funds That Crush the Market and Pay up to 9.5% > Gabelli Equity Income Fund   Sam’s Municipal Bond CEFs  VTN VPV IIM BKN NAD   ILAB 33 – Brett Owens, 3 Recession Proof REITs to Buy Now     >Try Fresh Books    Books: Start Here – Recommended Reading   Time Stamps: 07:15 - Safe dividends and yields 10:27 - Close end funds, mutual fund, and ETF 14:35 - CEF quantity and discounts 20:51 - Typical investors 27:33 - Types of funds with high payout 41:59 - Buying CEF and municipal bond funds 43:27 - Downsides to CEF 47:32 - Process of buying If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!   Copyright 2017. All rights reserved. Read our disclaimer here.