Stocks or bonds? Why choose when:
- Stocks pay just 1.5%
- Bonds pay just 1.3%, yet
- There are little-known hybrid instruments yielding up to 7.9%!
These vehicles aren’t risky. They just happen to be favorites of Wall Street insiders who don’t want income investors like us crowding their favorite trades.
Unfortunately for them, we are not going to apologize for this article in advance. It’s time for us to discuss how to take the 1.5% yield from the S&P 500, the 1.3% yield from 10-year Treasuries—throw each in the trash—and instead type in the “convertible bond” tickers we’re not supposed to know about.… Read more