Kerry Lutz and Steve Selengut discussed income independence coaching, emphasizing the importance of minimizing financial risk and diversifying investments. Steve outlined his investment philosophy, advocating for a portfolio strategy that includes high-quality investments and active management to capitalize on profit opportunities. He provided insights into closed-end funds, highlighting their income-generating potential, typical distribution rates around 10%, and the necessity for thorough research.

Steve clarified the significance of purchasing funds at a discount, which varies based on market conditions, and likened his investment approach to managing a department store, where he actively adjusts positions based on performance. He targeted a 10% annual gain through capital gains and income distributions, stressing the importance of income during market downturns and the benefits of holding income-producing securities in a Roth IRA for tax-free growth. 

Find Steve here: theincomecoach.net

Find Kerry here: https://financialsurvivalnetwork.com and here: https://inflation.cafe