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When I sit down with my Snoopy coffee cup these days and look across the fixed income and alternative income landscape, what jumps out is how uneven the world has become. Parts of the credit universe are screaming late cycle with tight spreads and rising defaults. Other corners are still paying investors a premium because they are messy, misunderstood, or simply unloved.
That is exactly where a value oriented income investor should feel most at home. Our job is not to guess the next GDP print. Our job is to price risk, demand a margin of safety, and buy cash flows that are being mispriced by impatient tourists and index hugging money.
Let us take a tour of the markets we fish in right now and talk about where the value lives, where it does not, and how it fits into the way we build income portfolios in the Flagship Report.
And let's do a deep dive on the two new income picks - with 12.75% and 12.8% yields - that we're adding to the Income Portfolio today.
But first, just a heads up: the average yield on the Flagship Report’s Income Portfolio is currently at 10.10% - and you can get access for 15% off right now, as part of our extended Black Friday sale. Click here to gain access now!
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