Trade In Your 2% “Common” Yield for This 7.2% Preferred Payout

The desperate hunt for yield is getting way out of hand—and it’s setting up a terrific buying opportunity for you and me. How out of hand? Consider that some investors are so income starved they’re piling into sovereign bonds from Iraq —a country that’s still a war zone! The latest issuance of five-year bonds by the Iraqi government was slated for $1 billion. But investors spied the 7% yield on offer here and crashed the doors, racking up nearly $7 billion in orders. It’s sad, and totally unnecessary. A Secure Portfolio With a Life-Changing 8% Yield The worst thing is, in their scramble for income, the herd is charging right past yields that are even bigger—and far safer—here in the U.S.A., like the ones you get in my new “ 8% No-Withdrawal Retirement Portfolio .” If you’ve been reading my column over the past two Mondays, you know I’ve been giving you a hands-on tour of this portfolio, which I’ve crafted to hand you $40,000 of income on a $500,000 nest egg.… Read more