Steve Selengut is a seasoned wealth management expert with over 50 years of experience as a private investment portfolio manager. Throughout his career, he managed up to 300 client portfolios at a time, focusing on building sustainable retirement income. In 2023, Steve sold his investment management business, which had grown to oversee over $100 million in assets. These days, Steve enjoys traveling the world with his wife, Sandie, exploring destinations like Egypt and South Africa, and living near the renowned Kiawah Golf Resort in Charleston, SC. His career has been centered around helping others build wealth and financial security, allowing him to live a lifestyle of adventure and leisure.
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Brett
Before we jump into this episode, I wanna invite you to join our community to help you become a better steward scale to billions and ultimately give more or all of it away. All I want you to do is to click the subscribe button right now. I love your support. It’s incredible to see your comments, and we’re just getting started. I can’t wait to go on this journey with you. Thank you so much for subscribing. It means the world to me. Welcome to the build up to buildings podcast, where we guide successful entrepreneurs and investors on their journey from millions to billions. And we believe that the key to scaling and compounding your wealth starts every single day with a mindset and practice of stewardship over ownership and applying billionaire biblical principles. Our ultimate goal is to help you scale and compound your wealth, faith and life so you can make a bigger impact. And we’re excited about our next guest. He’s going to help us do just that. He is out of the great state of South Carolina, and he is known as the income coach. In fact, you can find him by going to the income coach.net he also wrote a book on retirement money secrets as well. We’re gonna be talking about the four great financial risk minimizers today. Steve brings a wealth of background and knowledge with over 40 years as a professional investment manager advisor, and his current adventure is coaching both individuals and other advisors and creating income independence for themselves and for their clients. Please, welcome to the show with me. Steve, selling it. Steve, how we doing good? Brett, good to be with you. Absolutely for listeners, getting to know you for the first time. Maybe just give us a little bit more about your story and your current
Steve
focus. Okay, my story goes way back since I’ve since I’m sold, and I’ve been in this so long. I started investing when I was 75 in in 1975 when I was, I don’t even know about 30, I guess, and, and mainly, I started investing as as a result of putting away money as a kid, when I was doing jobs and things like that. And my dad insisted that that was going to be my rent. He was going to take a a piece of my employment income jobs I was doing and put away and start investing it for me, and that someday I would see the benefit of doing that. So when I was 25 that all came. Came it came to be at my birthday celebration where he dumped this, literally dumped this envelope, this legal size vanilla envelope on my desk with with all stock certificates of this portfolio that he and his attorney had created for me. And it was, it was a little bigger than he might have anticipated, because I chose not to go to an Ivy League school like my, like my brother had. So there was a lot more money that could be that continued to be invested. So I started off at the age of 25 with almost a six figure portfolio, and that was actually in 1970 so that was really a lot of money, okay, all right, so excellent. My thoughts were to never lose it. That’s pretty much he said too. This is what you’re getting, buddy. Don’t lose you know. So I started with a stock broker, and hand her the certificates. And I said, Okay, where do we go from here? I’ve got this portfolio stocks. I really haven’t done any of this teach me. And I was fortunate. She taught me. She didn’t take advantage of me like got it you might have expected. So what I happened, what I what I happened to have was I had maybe 30 or 40 different companies, all dividend payers, every one of them, most names you’d recognize even today, like Shell and Exxon, IBM Sears, Roebuck at the time. And you know, just GE
Brett
so if you like this little short clip of the interview I just did, click over here to watch the full interview, and Please don’t forget to subscribe. Thanks so much, everybody.
You
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About Steve Selengut
I have accumulated over 40 years of experience as a private investment manager, with a strong focus on increasing the spendable income generated by client portfolios. Today, my role has transitioned into that of an Income Coach, where I’m dedicated to teaching investors how to more than double the income produced by their portfolios.
I’m the creator and instructor for the unique “Working Capital Model” portfolio operating system and the “Market Cycle Investment Management” methodology, both of which I developed back in the 1970s. Additionally, I’ve introduced several proprietary concepts, including the QDI + PT, Smart Cash, The Investor’s Creed, and Base Income. I’ve also developed the Investment Grade Value Stock (IGVSI) identification system.
Throughout my career, I’ve authored three books and written numerous investment articles, with my latest work being “Retirement Money Secrets: A Financial Insider’s Guide to Income Independence.”
My specialties lie in hands-on portfolio management using the MCIM methodology, portfolio restructuring, and transitioning ordinary portfolios to Income Focused retirement portfolios I provide all the investment education an investor needs to achieve their income goals.
Using Market Cycle Investment Management (MCIM) in portfolio preparation and design, we’ve been able to take advantage of all major financial market movements, in either direction, for decades. Users of the processes described in Retirement Money Secrets can get themselves into a position to say: “Neither market corrections, global pandemics, or rising interest rates will have a negative impact on my spendable retirement income. In fact, all forms of market crisis and volatility will help me grow my income even better.”
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