My monthly High-Yield Investing newsletter is devoted exclusively to income-oriented investments. In each issue I not only introduce my readers to a variety of new high yielding investing ideas, but I also provide continued guidance on several dozen of the market's best and brightest income-generating opportunities. I organize these various picks into the following four model portfolios...

"Income Anchors" Portfolio -- This portfolio contains stocks with above-average dividend yields. And since dividend payments are by no means guaranteed, I only invest in financially solid companies that should have the ability to continue paying sizable dividends in the years ahead.

Ultra-High Yield Portfolio -- This portfolio focuses on quality investment opportunities that offer above-average dividend yields. These include real estate investment trusts (REITs), royalty trusts, master limited partnerships (MLPs), preferred shares and income deposit securities, among others.

Double-Barrelled Growth Portfolio -- Stocks in this portfolio offer investors the best of both worlds -- a steady income stream and strong capital gains. Although some of the stocks in this portfolio may have average or below-average dividend yields (versus the S&P 500) at the time of purchase, all are expected to deliver above-average returns over the long term.

Dividend-Focused Funds Portfolio -- This portfolio includes a mix of income-oriented-ETFs (exchange-traded funds) and a variety of outperforming mutual funds. These funds should provide a steady income stream and also help diversify an income portfolio.

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In the analysis below I'll introduce you to several quality companies that I'm now considering adding to my Double-Barrelled Growth Portfolio. In addition, I'd encourage you to stay tuned for further updates throughout the next several weeks. In those updates I'll introduce you to a variety of additional stocks and funds that I'm now considering adding to my other portfolios.

"Double-Barrelled Growth" Watch List
Although I reserve my actual Double-Barrelled Growth Portfolio picks for paid subscribers to my monthly High-Yield Investing newsletter, below you'll find several companies that I now considering as possible new additions to this portfolio. I am constantly researching and following these stocks, and I may eventually add them to this portfolio if and when their risk/reward profiles meet my stringent investment criteria:

Freeport-McMoRan Copper & Gold (FCX, $39.16) -- With many investors focused on oil prices, the fact that copper recently hit a record high above $3,290 a ton has gotten little press. A global copper producer, Freeport-McMoRan has benefited greatly from the +14% gain in copper prices so far this year. And going forward, strong demand from China and tight supplies are expected to keep prices high. For a mining company, the stock pays a solid yield of 2.5%. And with a P/E of 17 based on estimated 2005 earnings, FCX appears to be a good bargain.

Manulife Financial (MFC, $46.10) -- This Canadian-based company now ranks as North America's second largest life insurer (after American International -- AIG). Last year, the company bought financial services giant John Hancock and it's now stamping the well-known John Hancock brand name on its U.S. financial products. This brand name recognition should help Manulife expand its product line in the U.S.

In addition to life insurance, about a third of Manulife's profits come from annuities, pensions, and other financial products. The firm has also been expanding its footprint in Asia, with over 20,000 agents now selling its life insurance policies in Hong Kong and elsewhere.

Company earnings are expected to grow +25% this year and +12% next year. With a P/E of just 13 times projected earnings of $3.51 this year, the shares are trading at a discount to their one-year growth rate. The stock yields 1.8% and pays an 84-cent annual per share dividend, making MFC a compelling choice for growth and income-oriented investors.

Important Note: The above article was merely a small excerpt from a recent issue of our premium, income-oriented investing newsletter -- High-Yield Investing. In each issue of that newsletter, editor Carla Pasternak delivers a host of other investing ideas and tips designed to help you earn steady gains and above-average income from your portfolio. To receive your copy of our most recent High-Yield Investing newsletter, as well as other guidance similar to this every month, you'll need to register for this separate publication. Please visit one of the following links to continue...

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