Storing Up Yield as Washington Bickers

Jim Cramer had an excellent piece Monday on these pages in which he extolled some high-yield plays while Washington moves us closer to a possible cataclysmic event. Most of the article was spent highlighting some solid plays in utilities, pharmaceuticals and telecom. As usual, I found his reasoning sound, and it mimics a good portion of my own allocation at the moment.

I don't think we will end up going off the debt-ceiling cliff, but I think an investor needs to plays it safe right now as both parties learn to act like adults. I also believe the Federal Reserve has put off any prospect of tapering stimulus until 2014, and that should put a ceiling on U.S. Treasury interest rates for the near term....470 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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