Yield investors continue to have to be creative to generate decent income streams with appropriate levels of risk thanks to the continued largesse of the Federal Reserve. These policies are designed to help move investors out on the risk curve and hopefully increase economic & job growth. This has forced income investors to bid up the price of traditional, defensive dividend paying sectors like Utilities, Consumer Staples and Healthcare. I am avoiding the first two sectors as I believe investors have chased these sectors past their underlying value. I also do not want to pay 15-18 times earnings for a yield of 3% to 3.5% on entities that are growing revenues 1% to 4% annually currently.
Most of my current...
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