Income Investing Secrets by Richard Stooker

Make money whether the markets go up or down.

Income investing secrets

"Rick Stooker is on the right track. We also intend to pursue a more income-oriented strategy in the years to come. Capital gains are subject to both the risk of a decline in economic fundamentals and a deterioration in market psychology. High-quality dividends and income are subject only to the former, and that makes a big difference in modeling your portfolio returns in retirement."

-- Charles Lewis Sizemore CFA, Senior Analyst HS Dent Investment Management, LLC  http://www.hsdent.com/

"I am a Chartered Accountant in Canada and spent most of my career teaching in a community college.

"Over the years, I have used various "plans," with varying degrees of success, but had never given much thought to dividends, so I fell prey to the hype about capital gains. So what was I thinking? Should have been investing for dividends.

"I also learned about some new investment vehicles, and got a "heads up" on some investments that I was aware of, but put on the back burner.

"Wish I knew about all this stuff when I was in my 20's, or at least paid attention to the theories involved in my 40's."
 --- Dennis Wilson

"What an eye-opener!!!

"I had heard about REITs, MLPs, BDCs, but you really explained their advantages and disadvantages. Thank you, Rick. You have set me on the right path to generate a steady income stream."

-- Kenny H

While the financial markets are collapsing . . .

Finally, you too can discover the old-fashioned -- yet now revolutionary (and updated for the 21st century) -- "gold egg" income investing secrets for lazy investors

Despite following the conventional financial wisdom, many senior citizens are now asking what happened to that worry-free fun and relaxation they promised themselves after a long career of hard work.

Many people in their fifties and early sixties are wondering when -- or even if -- they'll be able to retire.

What's the alternative? Investing for income.

Learn how to make money whether the stock market goes up, down or sideways.

Discover how to avoid the financial pitfalls and emotional stress of depending upon the stock market to deliver market price appreciation to you -- capital gains. They come -- sometimes -- but they also disappear.

The Dow Jones Industrial Average is now just a little over the high it first broke six years ago. These days the buy and hold strategy requires a lot of patience.

This book advocates rewarding yourself right away with regular income from stock dividends and bond interest. It shows you the best, most dependable types of income-producing investments -- and how to minimize risk.

So invest now in the book that can guide your retirement portfolio to generating large amounts of income in the long term.

Genre: BUSINESS & ECONOMICS / Personal Finance / Investing

Secondary Genre: BUSINESS & ECONOMICS / Personal Finance / Retirement Planning

Language: English

Keywords: investing for income, investing for retirement, stock dividend investments, bond interest, how to beat the stock market, personal financial planning, international, mutual funds, master limited partnerships, real estate investment trusts, capital gains, index funds, exchange traded funds, etf, reit, mlp, unit investment trust, utilities, hedge funds, municipal bonds, treasuries, inflation, variable annuities, fixed annuities, swiss annuities

Word Count: 66,000

Sales info:

It's out in paper through CreateSpace and as an Audible audiobook as well as Kindle.


Sample text:

11. May hide poor management decisions on the use of cash

The conventional wisdom is that because dividends are paid out of a company's retained earnings (its net income after paying taxes), they reduce the company's ability to reinvest its profits and therefore to grow in the future.

In some businesses, this makes sense. In some industries, companies must spend all their cash on the latest, most modern and efficient equipment and factories, just to keep up with the competition.

I salute those businesses, but don't want to invest in them, and advise you not to also.

In many companies, management uses the cash available to buy up businesses it doesn't know how to run properly, makes other inefficient purchases, or otherwise wastes it.

Robert Arnott, editor of FINANCIAL ANALYSTS JOURNAL, and Clifford Nasness, president of AQR Capital Management, did a study that found that companies that began paying higher dividends actually had higher than average earnings in following years.

12. May reflect other factors affecting the market price, rather than efficient reinvestment of retained earnings by management

The conventional wisdom says when management efficiently and effectively uses retained earnings to grow the company, its stock market price rises proportionately, reflecting that growth.

This assumes there's a rational, clear-cut, direct cause-effect relationship between a company's financial standing and its stock price. So when a company's financial standing improves, its stock price rises proportionately.

Unfortunately, modern finance has found a stock's market price is only about 10-20% determined by the company's financial standing.

The other 80-90% is determined by the overall market or by the industry sector.


Book translation status:

The book is available for translation into any language except those listed below:

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Dutch
Already translated. Translated by Marlies Perman
French
Already translated. Translated by Joseph Habamahirwe
Author review:
He was professional to work with.
Italian
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