Building Higher Yield Fixed Income Portfolio
If you had > $500K in pension lump sum that you wanted invest as the fixed income portion of your portfolio, what does everyone think of the following allocation:
Mortgage Backed Securities (Ginnie Mae, etc) 45%
Preferred Stocks 15%
Corp Bond/CD 5 yr Laddar 40%
Although there is some degree of risk, this approach could probably yield ~6 to 7+%.
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.