An Investment Pays You To Borrow Your Money. It’s That Simple.

The Investor Coaching Show with Paul Winkler · Apr 22, 2026 · 28m

Today, Paul shares the first thing to look for when you see something that claims to be an investment: a clear cost-of-capital story. Many financial products claim to be investments, but at the end of the day, they are not paying you to borrow your capital. Listen along as Paul shares why financial products that don’t have a cost of capital can be dangerous, confusing, and come with difficult-to-measure risk. Paul also answers a listener's question about closed-end funds (CEFs). Later in the episode, Paul pushes against the growing pessimism that things are worse now than they used to be…