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Today, we’re adding two new stocks to the Alternative Fixed Income Portfolio, including a 14.81%-yielding play on the Fed’s decision to cut rates that has plenty of upside left.
The other one is a dynamic play on the best preferred shares in the country, boasting a 9.1% yield.
To get the ticker and full analysis of that stock, as well as the full Alternative Fixed Income Portfolio, upgrade to Premium now.
This month’s review finds us in an environment where interest rates have steadied, credit spreads are trending tighter, and inflation expectations remain contained. For an income-oriented portfolio, this mix has been constructive.
Mortgage REITs have seen a reprieve from book value pressure, energy-linked holdings continue to generate robust cash flows, and closed-end funds have benefited from narrowing discounts and spread compression.
The only real sore spot remains office real estate, where structural changes continue to weigh on fundamentals.
Against that backdrop, the portfolio’s blend of common equity, closed-end funds, preferred shares, and exchange-traded baby bonds remains positioned to deliver strong income while managing risk through diversification across sectors and capital structures.
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