Yes, You Can Be A Successful Income Investor shows you how you can safely secure the highest possible yield from your savings. With the bursting of the stock market bubble, and after 13 rate cuts by the Federal Reserve, yields on CDs and Money Market funds tread at historic lows—a negative return after inflation. With smaller savings coupled with lower returns on what savings remain, retirees and others living on fixed-income investments watch in horror as their income checks shrink with each passing month.
However, there are investments that still earn a significant rate of return—and do so reliably and consistently. These fixed-income securities include bonds, real estate investment trusts, preferred stocks, and emerging market debt, among others. As 70 million Americans reach retirement age in the next 15 years, fixed-income investing will become a sociologically inevitable megatrend.
Our plan is simple: We’re going to talk about a number of different income-yielding securities, and then tell you how to combine them in a portfolio, where we’ll endeavor to secure the maximum yield for the least amount of risk. We’re going to name names and be specific, rather than talk in generalities. The investments we call to your attention in this book are all available to ordinary retail investors. Our recommendations are guidelines but by no means exhaustive. They should be good jumping-off points, but there may be others that are superior. Our experience is that simpler is usually better, and that being well diversified and keeping expenses low—two of our goals—will serve you well in the long run.
If we mention a particular investment along the way that has you smacking your lips, please read the entire book before opening your wallet. One of the biggest differences between amateur and professional investors is that professionals have a top-down, “big picture” view of their investment portfolios, while everyone else tends to have a collection of individual securities that struck their fancy at one time or another, but without much regard as to how they all fit together. It makes more sense to decide on your overall strategy first, and then choose the specific investments to park inside it.
The world of income-producing securities is a mysterious jungle. This book is a sightseeing tour bus, pointing out some of the lavish orchids you may wish to acquire for your garden, while steering you away from some of the tigers known to be man-eaters. Let’s start by looking at the circumstances that led us to write it.
- Welcome to the Real World
- Investing for Yield
- Bond Basics
- Risks and Rewards of Bond Investing
- Essential Bonds for Fixed-Income Investors
- Higher-Yielding Bonds
- Stocks for Income
- Preferred Stock
- Real Estate Investment Trusts
- The Special Case for Annuities
- Approach These Income Strategies with Caution
- Your Income Portfolio
Yes, You Can Be A Successful Income Investor!: Reaching For Yield In Today's Market Paperback By Ben Stein, Phil Demuth pdf