NMX*High Income Factor — Interview with Tom Hutchinson
Editor’s Note: Tom Hutchinson spent over two decades working for some of the biggest names on Wall Street before he got tired of the greed that permeated the industry and one day walked away from it all. He decided to use his knowledge of the financial markets to give average Americans the same opportunities to generate substantial monthly income that his wealthy clients had taken advantage of for years. The result is the High Income Factor newsletter. Tom recently sat down with Newsmax to talk about his former career, his investment approach, and his goals for the readers of his High Income Factor newsletter.
Newsmax: Tom, thanks for sitting down with us today to talk about your career in the financial industry, why you walked away from it all, and why you started writing the High Income Factor newsletter.
Tom Hutchinson: It’s my pleasure.
Newsmax: Before we talk about your newsletter, tell us about your background in the financial industry.
Tom: I’ve been involved with the financial markets my whole career. I started out in the back office of a Wall Street firm, moved up to the floor of the New York Mercantile Exchange, and finally as a financial adviser for a very large international bank. Over my two-decade career as a financial adviser, I met with thousands of investors, and personally oversaw hundreds of portfolios.
Newsmax: With such a successful and prestigious career, what caused you to walk away from Wall Street?
Tom: The decision to walk away from a lucrative career on Wall Street wasn’t an easy one. Working as a financial adviser at one of the largest banks in the world certainly had it perks. The dinner parties, the trips, the bonuses, it was all very seductive. But over time, it became clear that the company I was working for was more interested in its own bottom line than my client’s. I felt that the business had become an inherent conflict of interest. I couldn’t live like that, so after 20 years, I walked away.
Newsmax: With 20 years on Wall Street, you must have discovered some “secret” about getting rich that most of us will never discover. Is there one?
Tom: What I discovered during my years as a financial adviser is that the way the wealthy invest is different, much different, than the average person. After meeting with literally thousands of middle-class investors, I discovered that most of them spend their time chasing the next hot play. They want to get in on the ground floor of a company like Microsoft before it’s Microsoft. They want to sit back and watch $5,000 turn into $1 million.
The wealthy have a completely different mindset. They aren’t trying to turn $5,000 into $1 million. Their only focus is on protecting what they have and getting paid. The average millionaire thinks about dividends and income before they ever think about capital gains, and it makes all the difference in the world.
Newsmax: You just mentioned income, and with your newsletter called the High Income Factor, it appears that your focus in on generating income instead of as you said earlier, chasing the next “hot play.” What attracted you to income investing?
Tom: One of the things I love about income investing is that you can get paid for doing absolutely nothing. You can get a taste of how the idle rich live — leisurely days spent with family and friends, watching money pour in without moving a muscle. You can get yields as high as 9%, 10%, or higher, just by knowing where to place your money.
Newsmax: Can you tell us a little about your High Income Factor newsletter?
Tom: The High Income Factor is the culmination of my life’s work and passion. I’m thrilled to be in the position to do what I do best and provide subscribers with the information necessary to enjoy a better financial future. I believe that investing done right can be successful, and I feel empowered by what I’ve learned and the tools I’ve acquired throughout my career.
It will be my pleasure to impart everything I have discovered about income investing to the subscribers of the High Income Factor. Whether your main interest is growing your nest egg over time or getting a high income right now, or if you’re new to investing or a seasoned pro, you will find the High Income Factor to be an invaluable tool.
Newsmax: What sort of investments do you recommend in the High Income Factor?
Tom: I scour the financial universe to find investments that you won’t hear about from your broker or financial adviser. I typically look for unique income-generating investments like business development companies, real estate investment trusts, master-limited partnerships, and trust preferred stocks. These are strategies that not only generate high income, but also do so while preserving and even increasing your principal.
Newsmax: Anything you would like to say to someone who is thinking about joining your newsletter, but might be hesitant to invest in today’s chaotic environment?
Tom: My goal with the High Income Factor is to treat every reader like family. I want to show the average, hard-working American how to invest like the wealthy. By that I mean focusing on income. I want to be a trusted and reliable partner in finding ways for subscribers to generate a healthy cash flow and build wealth for their future.
Newsmax: Thanks Tom, it was great having the chance to sit down and talk with you today.
Tom: Thanks for taking a few minutes to get to know me a bit better. I look forward to having you as a subscriber to the High Income Factor and helping you grow wealthy over the next few years.
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Or they can contact High Income Factor by calling 1-(800) 485-4350. The customer service is open from 8:30am to 8:00pm M-F Eastern Time.
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