I am a value based income investor, primarily in common, with 15% in fixed income. I like MLP's, REIT's, CEF's, and BDC's. I select positions based on business fundamentals, ultimately concerned with their ability to continue to pay and to increase their dividends, and become fully valued. Started with Validea a few months ago, it is for real, already showing significant gains. My cumulative total return for the past 3 years is 74%, 5 years 77 and 115% for 10 years. Only two of my average 25 positions decreased their dividend 2007-2010. Too good to be true, but I have been lucky. It has been a wild ride the past 5 years; new bubble building now, another opportunity on the way. I am a retired commercial banker, evaluating businesses in the traditional way, always having a "margin of safety". I only withdraw the dividend and interest income produced, and am not concerned with the fluctuating value of my portfolio. I am working towards a true "value" portfolio, a'la Graham/Buffet/Klarman/Greenblatt, weaning myself away from dividend/interest consideration.