The Income Factory: An Investor’s Guide to Consistent Lifetime Returns Hardcover – Illustrated, February 27, 2020

This book seeks to open the mind of the typical equity (stock market) investor to a whole new world of investing that I had never considered; debt, or loans! He very somberly and gently guides us using facts and historical data to show how one can match, or exceed the 8% average return of the S&P 500 without concern for equity growth at all, and rely solely on dividends and avoid the ups and downs of the market. Eye opening and compelling. Anyone who is serious about investing owes it to themselves to give this man a hearing, it could change your financial destiny in my opinion.

'The Income Factory: An Investor's Guide to Consistent Lifetime Returns' is a great book. For the new stock market investor, it is all you need to get started. For experienced investors, it shows how to reap higher profits.In this book, Steven has distilled the essence of high-yield investing. In clear straightforward language, he explains the rationale behind his investing strategy, lists candidate equities for one's portfolio, and offers several model portfolios for investors' varying goals and risk appetites. All the building blocks are there for you to get started immediately.Based on his experience in international banking, credit, and investment, he explains, in a few pages and minus the jargon, the various risks of fixed income securities and equities. He shows how equity investors take on credit risk when buying stocks, often without even knowing it. And shows whether they are getting sufficient reward for such risk.He also explains how to invest in various asset classes that can boost your returns with very little increase in risk or volatility. Whether markets are up, down, or moving sideways.This book can be one of your most valuable assets. In a couple of hours, you can learn to be a more successful, profitable investor. You'll be glad you did.

Very crisply written and easy to follow along. The author makes compelling arguments to dispel a lot of the fear associated with credit investments of non-investment grade fixed income and for diversifying investment strategy beyond just buy-and-hold total return or dividend growth investing. Ch. 6-9 also contain a lot of actionable information that a more seasoned investor could just read. I plan to try out the strategy laid out with a portion of my investments.

I saw Steve Bavaria on a financial Youtube channel and then bought his book. The book gives a compelling overview of the income investment philosophy but ALSO give specific mutual funds to invest in by category. I have completely changed my investment strategy from mostly S&P 500 stock investments to Steve Bavaria's recommendations. I have made over an 11% Annual return in income in every month since changing over to this strategy. This is cash income in my account and doesn't include increases in market value. I have also had increases in market value of the investments over and above the dividend income. I highly recommend this book and this strategy. I sleep well at night.

It's an eye opener to relatively new investment products that previously were only available to private wealth clients. Highly recommended. I have purchased several copies to give to friends. Sometimes a little corny, but don't be fooled, the insight is solid and works. Not some risky get rich quick or risky investments, but investing along side with the big institutional and high net worth private clients. This is the most influential investment book I have ever read. It literally changed my life from being asset rich and cash poor to asset rich with a great income. I was lucky to find this when I had to sell an apartment building I bought 20 years ago and needed to find something that could supplement my income. I started following the concepts in this book and I am now so much better off than I was.

Outdated, but still useful reading.

I read this book about a year ago and began implementing the strategy about a month ago. The system it espouses is counter today’s common investing mantras but it just makes so much sense. If I own an investment property, I don’t obsess daily over its market price…my sole concern is whether I have a renter in place and are they paying the rent on time. So why did I allow growth and price appreciation become the my optic focus of my investment strategy? It literally took me a year to overcome my long held investing views and accept that I could achieve solid AND predictable investing returns by focusing on income…even create my own growth by reinvesting that income into more income producing assets. It’s not the stuff of captivating dinner party conversation but the math is irrefutable and I feel less stress and partake in far fewer peeks at my portfolio. I’m 49, still adding to our assets and this works for me. For me…It is the way. If you want to learn how to create a solid and growing income stream for you and yours…buy this book and don’t wait as long as I did to put it into practice. Thank you Steven!

Looking forward to reading this book. However, once I opened the package to retrieve the book I noticed a stench so I further inspected. There’s some kind of residue on the top corner on the back of the book. Not a big deal. Will update review upon finishing the book