Faster Money

Now that the post-move frenzy has died down at the new southern location of Chez Melvin, I found time last night to go through reader comments. One of the chief concerns expressed is what to do if you need to invest for income right now. This is a frustrating topic for many, especially those new to the need for income. If you have been investing over the past four years, you should be in good shape with a portfolio of stocks with decent yield bought during sharp declines. We had one 10% peak-to-trough decline this year, but it didn't last long or present much opportunity to put money to work.

If you are trying to assemble a portfolio of income stocks now, you will have to work at it. I would start with unconventional yield stocks. Over the past few weeks, I have discussed stocks that offer high yields and compelling valuations, like Apollo Investment (AINV), Prospect Capital (PSEC), FLY Leasing (FLY), Star Gas Partners (SGU) and BGC Partners (BGCP). Use common sense and keep individual positions small. Buy on down days and plan to own them a long time....504 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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