If the idea of building up a nest-egg only to deplete it when you retire doesn't sit well with you, you're not alone.  We don't have a crystal ball -- how can we effectively plan our retirement income when we don't know if we will need it for 5 years or 35 years?  Studies are beginning to reveal that "the 4% rule" is not very effective after all.  What are we to do?

S D Sullivan believes the answer lies in the power of perpetual income with closed-end funds.  In this course, you will learn the reasons behind this investment strategy and how it can help you in shaping in your own investing philosophy. 

Some key topics include:

  • Learning the basics – what is a closed-end fund?
  • Understanding risk
  • Dealing with market downturns
  • Why you should create your own “annuity”
  • How to set up and manage your own perpetual income portfolio
  • Why this investing mindset requires a paradigm shift from investment norms


Enroll now to learn how this investment strategy can finally put your mind at ease.

This course is divided into short, easy-to-read lessons for the busy student
 so you can learn the material even if you only have short snippets of time.


Enroll Me!

Student Reviews

5 star rating

A Simply Superb Primer on Closed End Funds

Sam Kunapuli

I just finished this course and I am glad to write this review. The author has covered every aspect of CEFs and went above and beyond by including spreadshee...

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I just finished this course and I am glad to write this review. The author has covered every aspect of CEFs and went above and beyond by including spreadsheets and a lot of other documents and checklists that will be immensely useful in CEF portfolio management. After finishing the course I am convinced to move my portfolio into closed-end funds as my mindset has changed from capital growth to accumulating shares for income. Anyone on the fence regarding investing in CEFs must check this out.

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5 star rating

Great course

jim donohue

I'm a newbie to CEFs so I found this course really helpful as it seems to fully cover CEF investing focusing especially on 'income generation'. I feel confi...

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I'm a newbie to CEFs so I found this course really helpful as it seems to fully cover CEF investing focusing especially on 'income generation'. I feel confident that I could carefully pick a few CEFs and make money on them. So a worthwhile course.

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5 star rating

Amazing course.

Sagar Suresh Srikant

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5 star rating

Great primer on CEFs

Louise Alexander

With not very much public information available on Closed-End Funds, this course helped me to learn some basics in my initial exploration of the space. I re...

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With not very much public information available on Closed-End Funds, this course helped me to learn some basics in my initial exploration of the space. I really appreciate the author putting together this information for newcomers. Highly recommended if you're interested in investing for income.

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What's The Difference Between the e-Course and the e-Book?

This e-course contains the same material as in the e-book Perpetual Income With Closed-End Funds, which explains the reasoning behind this investment strategy. The course goes beyond the explanation by also including actionable material and additional resources not available in the book.  There are review quizzes to confirm a grasp of the material, a Discussion Box, downloadable spreadsheets, tips on how to use several online resources, and Action Steps & Checklists.  In addition, enrolled students will have free access to any changes or additions to the curriculum in the future, many of which are generated from student feedback.  The aim of this course is to help propel students forward in their own endeavors in investing for income with closed-end funds.

Course Curriculum

  • 1

    Introduction to Perpetual Income With Closed-End Funds

    • START A DISCUSSION

    • 1:1 FIRST, A BIT OF BACKSTORY INTO THE CREATION OF THIS COURSE

    • 1:2 WHY CLOSED-END FUNDS?

    • 1:3 WHY PERPETUAL INCOME?

    • LESSON 1 QUIZ
  • 2

    UNDERSTANDING THE BASICS

    • 2:1 WHAT IS A CLOSED-END FUND?

    • LESSON 2 REVIEW & QUIZ

    • 3:1 INCOME DISTRIBUTED LIKE CLOCKWORK

    • 3:2 INCOME STRATEGIES USED BY CLOSED-END FUNDS

    • 3:3 A WORD ABOUT RETURN OF CAPITAL

    • LESSON 3 REVIEW & QUIZ

    • 4:1 THE MOST MISUNDERSTOOD INVESTMENT

    • 4:2 LET’S TALK ABOUT RISK

    • LESSON 4 REVIEW & QUIZ
  • 3

    THE BEAUTY OF A CEF INCOME PORTFOLIO

    • 5:1 CLOSED-END FUNDS AND TOTAL RETURN

    • 5:2 DIFFERENT TYPES FOR DIFFERENT MARKETS

    • 5:3 A COMMON MISCONCEPTION ABOUT FEES

    • 5:4 WHAT ABOUT GROWTH POTENTIAL?

    • 5:5 SO, WHAT ABOUT MARKET DOWNTURNS?

    • 5:6 COMPOUNDING FOR GROWTH, COMPOUNDING FOR INCOME

    • LESSON 5 REVIEW & QUIZ

    • 6:1 REBALANCING: A STRATEGY FOR EFFICIENCY

    • 6:2 WHAT DID I MEAN ABOUT “DOING IT RIGHT”?

    • 6:3 WAYS TO REBALANCE POSITION SIZES

    • 6:4 REBALANCING TO HELP STAY AHEAD OF INFLATION

    • 6:5 TRIGGERS FOR REBALANCING

    • LESSON 6 REVIEW & QUIZ

    • 7:1 INCOME SUPPLEMENTS: OTHER HIGH-YIELD INVESTMENTS

    • 7:2 WHAT I LEARNED FROM THE COVID CRISIS

    • 7:3 CREATE YOUR OWN ANNUITY/PERPETUITY

    • LESSON 7 REVIEW & QUIZ
  • 4

    HOW TO SET UP A PERPETUAL INCOME PORTFOLIO

    • 8:1 WHERE TO START

    • 8:2 RESOURCES TO USE

    • 8:3 INDICATORS TO WATCH

    • LESSON 8 REVIEW & QUIZ

    • 9:1 BUILDING A PERSONAL PERPETUITY PORTFOLIO

    • 9:2 DIVERSIFY

    • 9:3 NUMBER OF HOLDINGS

    • 9:4 POSITION SIZES

    • 9:5 MY CURRENT TARGET PORTFOLIO POSITIONS

    • LESSON 9 REVIEW & QUIZ

    • 10:1 USE LIMIT ORDERS

    • 10:2 THE ROLE OF CASH IN YOUR PLAN

    • 10:3 TAX CONSIDERATIONS

    • 10:4 INCOME SUBORDINATE TO CORE?

    • LESSON 10 REVIEW & QUIZ
  • 5

    MANAGING YOUR INCOME PORTFOLIO

    • 11:1 MONITOR YOUR POSITIONS

    • 11:2 HOW TO DEAL WITH DOWNWARD SHARE PRICES

    • 11:3 GROWTH OVER TIME

    • LESSON 11 REVIEW & QUIZ

    • 12:1 REBALANCE YOUR POSITIONS

    • 12:2 REVIEW OF REBALANCING TIPS

    • 12:3 KEEP AN UPDATED WATCHLIST

    • 12:4 MONITORING VIA SPREADSHEETS

    • Dividend Monitoring Worksheet Sample

    • Portfolio Returns Worksheets

    • LESSON 12 REVIEW & QUIZ
  • 6

    QUESTIONING THE RULES

    • 13:1 SOMETIMES THE LOGIC ISN’T REASONABLE

    • 13:2 OPPORTUNITY COST

    • 13:3 AN UNANSWERED QUESTION

    • 13:4 PERPETUAL INCOME INVESTING QUESTIONS INVESTING NORMS

    • 13:5 A PARADIGM SHIFT

    • LESSON 13 REVIEW & QUIZ
  • 7

    ACTION STEPS FOR BUILDING YOUR OWN PERPETUITY PORTFOLIO

    • Download Compressed Files For This Chapter

    • 14:1 ACTION STEPS: Open A Brokerage Account

    • 14:2 ACTION STEPS: Find Funds Using Online Fund Screeners

    • Quick Guide To Using Online Fund Screeners

    • Two Examples of Perpetuity Portfolios

    • 14:3 ACTION STEPS: Using Example Portfolio as a Springboard

    • Finding Alternate Funds using cefdata.com

    • 14:4 ACTION STEPS: Indicators To Watch

    • Using CEFConnect to Collect Data

    • Exclusive Scoring Model for Comparing Funds

    • 14:5 ACTION STEPS: Purchasing & Monitoring Your Funds

    • Basic Tax Considerations AT-A-GLANCE

    • 14:6 ACTION STEPS: Managing Your Perpetuity Portfolio

    • Rebalancing Checklist

    • 14:7 ACTION STEPS: Set Up Your Portfolio in CEFconnect
  • 8

    ADDED VALUE

    • ADDED VALUE: YTD Income Monitoring Spreadsheet with Chart

    • ADDED VALUE: Understanding Leverage

    • ADDED VALUE: Understanding Return of Capital

    • ADDED VALUE: Credit Ratings

    • ADDED VALUE: Other Online Tools & Resources You May Find Helpful

    • RESPONDING TO FEEDBACK

    • ASK QUESTIONS
  • 9

    STUDENT FEEDBACK

    • End of Course Evaluation

    • Please Rate This Course!

What Students Have Said About This Course

"Definitely worth the price.  Good graphics and easy to come back to where you left off."  ~ David H


"Exceeded my expectations and was very helpful in my understanding of the use of closed-end funds. I especially liked the advice on diversification and asset allocation.  Definitely worth the price." ~ Robert G


"Your overall explanation and navigation is very easy to follow!  Exceeded my expectations." ~ Jerry G


"The course on CEF investing is explained very clearly in simple language and is very comprehensive compared to other sources of information. Lots of research done by the Author on closed end funds.  Worth much more than what it cost." ~ Sagar SS


"Very helpful in my understanding of the use of closed-end funds.  Definitely worth the price." ~ Eugene C


"I think you have a gift for distilling a lot of information and presenting it simply and tersely. You have a gift in getting 'the hay down on the ground where the cows can eat it.'  Definitely worth the price." ~ Robert F


"I liked the quizzes.  At first I thought they were silly, but then found that they cemented the information for me.  Worth the price." ~  Louise A


"Clear explanations of the concepts and motivations for CEF investing. The quizzes interspersed throughout the material kept me humble going back to re-read sections to gain clarity.  I really enjoyed the course, and raring to get started applying this information and approach." ~ Maa Shepsu MN

Enroll now to learn what this investing strategy has to offer and how you can set up your own investment portfolio for perpetual income

Enroll me!

About the Instructor

Instructor

S D Sullivan

S D Sullivan has been a financial writer since 2010, drawing on many years of study and experience in personal money management and investing.  In 2010, Sullivan founded FaithfulStewardInvesting.com, a website devoted to biblical principles of money management, and began writing financial articles for the renowned investing website SeekingAlpha.com in 2016.  These endeavors led to the writing of the book "Perpetual Income With Closed-End Funds", and ultimately to the creation of Faithful Steward Academy.  Sullivan is married and has two grown sons and two grown daughters, all of whom live in the Pacific Northwest.