INFO FOR EVERYONE
The Income Factory™ evolved from a series of articles on the investment site Seeking Alpha over the past ten years, tracking the performance of Steven Bavaria’s own personal portfolio through and beyond the “great crash” of 2008. The essential lesson learned was that the “economic value” of a portfolio frequently diverges from its market price, especially during bear markets and other volatile periods. This led to a realization that high current cash yields (a “river of cash”) helped investors keep their nerve and avoid the temptation to sell or take other “defensive action” during downturns. Holding tight and re-investing at bargain prices through downturns has consistently been shown to be the secret to long-term investing success.