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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 10.52   0.0 0.00 1.62 15.08
ZWEIG FUND 9.86   0.0 0.00 1.44 14.80
EAGLE POINT CREDIT 17.01   0.0 -2.29 2.40 14.07
FIDUCIARY/CLAYMORE MLP OPPORTUNITY FUND 10.75   0.0 0.00 0.00 12.11
FIRST TRUST SPECIALTY FINANCE AND FINANCIAL OPP FUND 6.29   0.0 0.00 0.00 11.25
CLOUGH GLOBAL OPPORTUNITIES FUND 9.68   0.0 0.00 0.00 11.09
ADVENT CLAYMORE CONV SECURITIES AND INC FUND 14.86   0.0 0.00 0.00 9.47
BLACKSTONE/GSO LONG-SHORT CREDIT INCOME FUND 15.34   0.0 0.00 0.00 8.96
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND 3.12   0.0 0.00 0.27 8.71
ARES DYNAMIC CREDIT ALLOCATION FUND 15.05   0.0 0.00 0.00 8.61
EATON VANCE TAX-MAN DIVERSIFIED EQUITY 11.82   0.0 0.00 0.00 8.56
COHEN & STEERS CLOSED-END OPPORTUNITY FUND 12.60   0.0 0.00 0.00 8.29
BLACKROCK CORPORATE HIGH YIELD FUND VI 10.51   0.0 0.00 0.00 8.28
THL CREDIT SENIOR LOAN FUND 15.46   0.0 0.00 0.00 7.81
CALAMOS STRATEGIC TOTAL RETURN FUND 12.88   0.0 0.00 0.99 7.74
MASSMUTUAL CORP INV 15.84   0.0 0.00 1.20 7.70
COHEN & STEERS INFRA FUND 24.47   0.0 0.00 0.00 7.70
NUVEEN REAL ESTATE INCOME FUND 10.02   0.0 0.00 0.00 7.64
COHEN & STEERS REIT 20.45   0.0 0.00 0.00 7.33
ROYCE FOCUS TRUST 7.11   0.0 0.00 0.48 6.78
REAVES UTILITY INCOME FUND 34.29   0.0 0.00 0.00 5.97

OXFORD LANE CAPITAL - OXLC
OXFORD LANE CAPITAL - OXLC  


Older articles featuring Oxford Lane Capital (OXLC):
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Dogcatcher's 88 Monthly Pay Dividend Equities And 80 Funds For March
Dogcatcher's Monthly-Paid Dividend February Fresh-Look At 84 Equities And 80 Funds
Your Monthly-Paid Dividends From 82 All-Cap U.S. Equities And 80 Funds For January
Weekly Closed-End Fund Roundup: JQC Boosts Yield To 16%
Dogcatcher's Monthly Pay Dividend December Run-Down
Rose 91 Stock Portfolio Bountiful November Dividends Along With Historic Buy Yields + Transactions
Monthly Dividends From 154 SML Cap Equities And 70 November Funds
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