It has been a tough time to be an income investor over the past half decade.
Start with the Fed’s zero interest rate policy (ZIRP). While helping pump up asset prices, the policy has punished savers and retirees who depend on their accumulated savings and have grown increasingly frustrated trying to eke out income from their investments.
And today, there is the looming threat of rising interest rates in the United States. Any move by the Fed will hit all types of income investments hard. A sign of what could happen occurred in May 2013, when then-Fed Chairman Ben Bernanke read more…