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High Yield For Granny: The Savvy 'Widow & Orphans' Income Factory

Published Tue, 20 Mar 2018 09:25:23 -0400 on Seeking Alpha

I recently floated the idea of creating a "widow and orphans" version of the Savvy Senior "Income Factory" that I have been refining, tweaking and reviewing for the past seven years.
As readers know, my core portfolio is a high income (i.e. high current yield), largely credit oriented (as opposed to equity) portfolio that I manage with the goal of providing a 10-11 percent cash yield, which can then be reinvested and compounded to provide a long-term "equity return" through thick and thin, market ups and downs, etc. Such an income stream will double about every seven years, so the strategy is as appropriate for 25-year olds just starting to invest for retirement as it is for more mature folk approaching or having already achieved retirement age.
My focus is on growth of the income stream (i.e. the output of the "income factory") and not necessarily growth of the market value of the portfolio (the factory itself). Therefore downturns shouldn't scare us because our income growth rate actually accelerates during downturns because we are re-investing and compounding at bargain prices and therefore higher yields.
Investors brought up in a CNBC/Bloomberg/Fox News environment where minute-to-minute market moves, "dividend growth" and "total return" are the be-all and end-all may find this strategy radical or even heretical, but the math and logic are irrefutable when you analyze it logically and with an open mind, as... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
OXFORD LANE CAPITAL 10.17   0.0 0.00 1.62 16.17
FIDUCIARY/CLAYMORE MLP OPPORTUNITY FUND 8.63   0.0 0.00 0.00 15.29
EAGLE POINT CREDIT 17.27   0.0 -1.13 2.40 14.20
ZWEIG FUND 10.68   0.0 0.00 1.44 13.67
CLOUGH GLOBAL OPPORTUNITIES FUND 9.41   0.0 0.00 0.00 11.49
FIRST TRUST SPECIALTY FINANCE AND FINANCIAL OPP FUND 6.18   0.0 0.00 0.00 11.38
ADVENT CLAYMORE CONV SECURITIES AND INC FUND 14.18   0.0 0.00 0.00 9.94
BLACKSTONE/GSO LONG-SHORT CREDIT INCOME FUND 16.06   0.0 0.00 0.00 9.19
EATON VANCE TAX-MAN DIVERSIFIED EQUITY 11.74   0.0 0.00 0.00 8.70
ARES DYNAMIC CREDIT ALLOCATION FUND 15.04   0.0 0.00 0.00 8.58
COHEN & STEERS CLOSED-END OPPORTUNITY FUND 12.56   0.0 0.00 0.00 8.44
BLACKROCK CORPORATE HIGH YIELD FUND VI 10.34   0.0 0.00 0.00 8.36
THL CREDIT SENIOR LOAN FUND 14.76   0.0 0.00 0.00 8.24
CALAMOS STRATEGIC TOTAL RETURN FUND 12.46   0.0 0.00 0.99 8.07
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND 3.11   0.0 0.00 0.27 7.91
MASSMUTUAL CORP INV 16.52   0.0 0.00 1.20 7.37
NUVEEN REAL ESTATE INCOME FUND 10.58   0.0 0.00 0.00 7.23
COHEN & STEERS INFRA FUND 25.88   0.0 0.00 0.00 7.20
ROYCE FOCUS TRUST 6.57   0.0 0.00 0.46 7.10
COHEN & STEERS REIT 23.02   0.0 0.00 0.00 6.56
REAVES UTILITY INCOME FUND 36.86   0.0 0.00 0.00 5.92

OXFORD LANE CAPITAL - OXLC
OXFORD LANE CAPITAL - OXLC  


Older articles featuring Oxford Lane Capital (OXLC):
Your 89 Top Yield MoPay Dividend Equities And 80 Funds For August
My Dividend Growth Portfolio At The Half Year Mark
Which CLO Funds To Buy And Which To Avoid, With Yields Up To 16%: OFS Credit
July's Monthly Dividends From 89 U.S. Equities And 80 Funds
How To Invest In ETFs And CEFs For High Yield And Income
3 High-Yield Choices To Buy On Pullback, Yields Up To 15.3%
High-Yield Investing: Federal Reserve Cutting Rates - Here's What You Should Do
Why We Are Invested In These Super High Dividends - Yields Up To 16.2%
More Candidates For The 15%+ Current Yield Portfolio
Your June MoPay Dividends From 95 U.S. Equities And 80 Funds

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