Contrarian Income Report: Brett Owens’ Dividend Conversion Machines, New No Withdrawal Portfolio
The stock market doesn't seem to know what it is doing these days. For the past several weeks you find yourself in the black one moment then tumbling back into the red the next. All the while you are wondering what is to become of your dividends and wondering whether the companies are going to keep paying out.
On top of all this stress, you also have to worry about your financial future. You have shares in stocks that pay out dividends, but these companies aren't paying what they once were. The S&P today is only paying 1.9%. Even if you have a million dollar portfolio, you are only looking to bring home $19,000 per year.
What many financial gurus are spouting these days is how you should pull 4% of your dividend income. But this strategy is flawed. That is why Brett Owens the Chief Investment strategist from the Contrarian Income Report has come up with a better and more efficient way to save for retirement.
About Contrarian Outlook
When looking into Contrarian Income Report, you will find that this is an affiliate of BNK Invest. On BNK Invest's website, you will find that this company is the owner and operator for several other businesses including BankInvestor, Energy Stock Channel, ETF Channel, Dividend Channel, and several others. By the looks of it, BNK Invest has their hands in several different financial websites.
As for Contrarian Income Report, it is brought to you by Contrarian Outlook. Here you will find information about Brett Owens. According to the “About Us” page, Brett Owens studied at Cornell University where he obtained a degree in ORIE (Operations Research and Industrial Engineering. He was the Co-Founder of two software as a service business. These businesses have been featured in Forbes, The Globe and Mail, The Chicago Tribune and more. However, the site does not say what these companies are.
Mr. Owens has several newsletters that he runs with Contrarian Outlook. The Contrarian Income Report, Hidden Yields, and Options Income Alert.
When looking into the Contrarian's reputation, you will find that the site was registered back in 2015. It was registered to BNK Invest Inc. which is based out of New York. The website offers several ways to get in touch both with a physical address, phone, and email support.
About the Contrarian Income Report
Contrarian Income Report is a newsletter that is sent out to subscribers. Right now, they are offering new subscribers the chance to get their newsletter and bonus reports for $39 for a one-year. This offer does come with a 60-day money-back guarantee.
As for the bonuses, you will get several reports to help you find the best investments. These reports include “Second-Level Investing,” “The Dirty Dozen,” “Recession Proof REITs,” “Preferred Shares,” and finally “Monthly Dividend Superstar.” Along with your membership, you will get 12 issues (one per month) of Contrarian Income Report, along with flash alerts, coaching, a weekly analysis, webinars each quarter, and of course access to their website.
Is this an Affiliate Program?
The site does not state that it has an affiliate marketing program. This is typical of investment newsletters since the nature of their program is to earn income by following their ideas and investing in stocks they peg as worth your attention.
The Contrarian Income Report Verdict
While Contrarian Income Report is straight forward, the disclaimer is a bit disturbing. On the bottom of the page, it states in small letters how this site or any of their sister sites is intended to be investment advice. The disclaimer goes on to state how if you sign up you agree not to hold Contrarian Income Report of BNK Invest Inc responsible for any losses caused by following their advice.
What is even more interesting is when looking on Contrarian's website and reading Brett Owens biography. There it states how he utilizes “Second-Level” thinking when coming up with his picks for finding investments. There is no indication of how these picks are made, but simply that he thinks differently than others.
With all this said, Contrarian Report, and even BNK Invest Inc should be viewed as entertainment. If you do invest in stocks following their advice make sure you only use the money, you can afford to lose. Like with all forms of investing things can go south. So, don't put all your eggs in one basket.