Kiawah Golf Investment Seminars

Who is Steve Selengut?

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Investment portfolio manager. BA Business, Gettysburg College, MBA, Professional Management, Pace University, Paul Harris Fellow, Phi Gamma Delta, AAII member & speaker, Steve Selengut has a private investment portfolio manager since 1979 and is the CEO of Sanco Services Inc.

His life experience as an investor started in 1970, at age 25, when he was given the responsibility to manage a $70,000 portfolio. He developed an Asset Allocation Model then (decades before the concept became popular) that he still uses today, and a trading approach to investing that allowed him to retire from his position with a major insurance company and to start his own business at age 34. 

In the twelve years from college, through institutional pension investment, and graduate school, Steve developed an appreciation of the complete Wall Street (political, social, and economic) environment. Using this understanding of the “playing field” (and a portfolio that provided all the income his family needed), he took his new investment ideas and concepts on the road.

Building an Investment Management business with no corporate sponsorship, no products to sell, and just two management clients was a daunting task. Fee-only personal investment management without mutual fund commissions or product sales was a revolutionary approach in 1979.

Steve developed a loyal following of dedicated clients, many of whom have been with him for most of his career--- the two who helped start the business in 1979 remain clients today. Many non-clients use his unique portfolio management methodology and a select few have taken advantage of his mentoring services.

He has published hundreds of investment (and tax reform) articles, and three investment books. He invented the Working Capital Model, developed the IGVSI, and has introduced many new investment concepts, including: Market Cycle Investment Management, The Investor's Creed, Smart Cash, the QDI, Base Income, Securities Buckets, and others.


Kiawah Golf Investment Seminars
3912 Betsy Kerrison Pkwy
Johns Island, SC 29455
Phone (800) 245-0494 • Fax (843) 243-8509
Contact Steve directly for additional information: 800-245-0494
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Please read this disclaimer:
Steve Selengut is registered as an investment adviser representative. His assessments and opinions are purely his own. None of the information presented here should be construed as an endorsement of any business entity; the information is only intended to be educational and thought provoking.

Please join the private article mailing list or Call 800-245-0494 for additional information

MCIM Self Directed 401k & IRA Programs

Take a free tour of a professional investment managers' private SEP IRA program during eight years surrounding the financial crisis:


In developing the investment plan, personal financial goals, objectives, time frames, and future income requirements should all be considered. A first step would be to assure that small portfolios (under $50,000) are at least 50% income focused.

At the $100,000 level, between 30% and 40% income focused is fine, but above age 50, the income focus allocation needs to be no less than 40%... and it could increase in 10% increments every five years.

The "Income Bucket" of the Asset Allocation is itself a portfolio risk minimization tool, and when combined with an "Equity Bucket" that includes only IGVSI companies, it becomes a very powerful risk regulator over the life of the portfolio.

Other Risk Minimizers include: "Working Capital Model" based Asset Allocation, fundamental quality based selection criteria, diversification and income production rules, and profit taking guidelines for all securities,

Dealing with changes in the Investment Environment productively involves a market/interest rate/economic cycle appreciation, as has evolved in the Market Cycle Investment Management (MCIM) methodology. Investors must formulate realistic expectations about investment securities--- by class and by type. This will help them deal more effectively with short term events, disruptions and dislocations.

Over the past twenty years, the market has transitioned into a "passive", more products than ever before, environment on the equity side...  while income purpose investing has actually become much easier in the right vehicles. MCIM relies on income closed end funds to power our programs.

To illustrate just how powerful the combination of highest quality equities plus long term closed end funds has been during this time... we have provided an audio PowerPoint that illustrates the development of a Self Directed IRA portfolio from 2004 through 2014.

Throughout the years surrounding the "Financial Crisis", Annual income nearly tripled from $8,400 to $23,400 and Working Capital grew 80% $198,000 to $356,000.

Total income is 6.5% of capital and more than covers the RMD.

Managing income purpose securities requires price volatility understanding and disciplined income reinvestment protocals. "Total realized return" (emphasis on the realized) and compound earnings growth are the key elements. All forms of income secuities are liquid when dealt with in Closed End Funds. 

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40% of IGVSI Companies Down 15% or More... time to think CORRECTION - What happens in the future is unpredictable, but understanding the past and how it impacts your uniq...
Investment Grade Value Stock Index - The Nuts & Bolts of MCIM - The IGVSI is a barometer of a small but elite sector of the stock market called Investment Grade Val...
MCIM Q & A and Contact Information - Market Cycle Investment Management (MCIM) reflects the unique strategies, procedures and disciplines...
Wall Street Wisdom vs. Market Cycle Investment Management - Corrections are as much a part of the normal Market Cycle as rallies, and they can be brought about ...
MCIM's Ten Time-Tested Risk Minimizers - Most investment mistakes are caused by basic misunderstandings of the securities markets and by inva...

Please read this disclaimer:
Steve Selengut is registered as an investment advisor representative. His assessments and opinions are purely his own and do not represent the views of any other entity. None of his commentary is or should be considered either investment advice or a solicitation of business. Anyone seeking individualized investment advice should contact a qualified investment adviser. None of the information presented in this article is intended to be or should be construed as an endorsement of any entity or organization. The reader should not assume that any strategies, or investments mentioned are any more than illustrations --- they are never recommendations, and others will most certainly disagree with the thoughts presented in the article.