T-bills that Pay 10.1%? In Africa?

      Iceland isn't the only fast-growing country willing to pay high rates to attract foreign capital. In South Africa, one-year T-bills pay 10.1%.

      The South African rand can be volatile due to inflation and political issues. But with the St. Louis-based bank we'll tell you about in High-Yield International, you don't have to send your money to South Africa to capture these sky-high yields. You can get a six-month CD paying 8.75% right now.

      But you may do even better investing directly with a South African broker. After all, this is Africa's largest and most developed economy, and one of the world's largest producers of gold and platinum. Thanks to booming precious metals prices, the economy is clipping along at +4.5% growth per year. You'll have plenty of chances to invest directly in high-yielding South African cash cows when you subscribe to High-Yield International.

The Land Of Milk . . . and Money

      Over the past 10 years, the New Zealand Stock Market has surged +139%, and the "Kiwi" dollar has risen nearly +40% vs. our own, bringing the gains for American investors up to +243%.

      Is the party over in New Zealand?

      Our prediction: The best is yet to come.

      Long-term global population pressures are strongly bullish for this naturally rich nation.

      New Zealand single-handedly accounts for one-third of the world's dairy trade . . . and the global rise in the price of milk is showering windfall profits on the nation's dairy farmers.

      In fact, New Zealand's biggest dairy operation hiked its 2008 payout by +27% over 2007. The money will be flowing like milk, first to New Zealand's farmers and then into the country's stock market.

      This helps explain why stocks in New Zealand offer the highest dividends in the world. The average payout is over 7%.

      Meanwhile, rock-solid New Zealand government bonds now pay 6.8% . . . and outside money continues to flow into the country to capture these attractive rates. No wonder the Kiwi dollar recently hit a 26-year high.

You're Not a Kiwi?
Your Dividends are Even Bigger!

      These high-yielding New Zealand stocks are an even better deal than they appear . . . because their dividends are effectively tax-free.

      Local New Zealand investors are given tax credits to compensate for the tax they pay on dividends. Since overseas investors can't use these credits, most New Zealand companies pay higher dividends to overseas investors than to resident investors. Where else can you find companies that pay you extra just because you're an American?

So Why Are Yields
Higher Overseas, Anyway?

      There are three reasons why yields on U.S. stocks fall far short of what other countries give you:

1. Until 2003 the U.S. taxed dividends as ordinary income -- creating an incentive for companies to deploy excess cash in other ways. It's simply part of U.S. corporate culture to make acquisitions, repurchase shares or expand the business rather than pay dividends to shareholders. After all, these shareholders would immediately lose a portion of those dividends to Uncle Sam. Although qualified dividends are now taxed at a lower 15% rate, corporate America has not fully adjusted its cash-deployment strategy.
   
   

2. Many industries in foreign countries are dominated by state-sanctioned monopolies. These old-school companies, with strong ties to the government, tend to be the most stable -- and some of the highest-yielding -- on the planet. By contrast, the U.S. has opened up many industries to fierce competition . . . hurting margins, profits and dividends in the process.
   
   

3. The largest companies in emerging markets need to offer enticing yields to attract foreign investors. The solid dividend payments put a floor on a firm's share price and protect against steep drops.

Entire Markets Surging
Triple Digits

      While the S&P 500 had a lackluster 2007, rising just 3.5%, just look at the returns posted by other stock markets around the world . . .

      U.S. stocks have never moved like this. Never. The highest one-year gain the S&P 500 ever reported was +45% -- and that was a lifetime ago . . . in 1954.

      In 2007, the S&P 500 didn't even crack the top 50, coming in 76th out of the world's 90 major stock market indexes. 

      On top of eye-popping returns, when you venture off the U.S. exchanges you also find freakishly high yields.

      This is a whole new ball game. And it requires extreme due diligence. When you're buying Venezuelan stocks yielding 18%, and you're looking over your shoulder at Hugo Chavez, you'll feel a lot better knowing that our High-Yield International staff has done the research first.

      Buying Venezuelan stocks isn't for everyone. But what if I told you that in neighboring Brazil, you can get the same yields at a fraction of the risk?

      Brazil has its problems, but in contrast to Venezuela, it's staunchly capitalist and pro-American.

      On the Sao Paolo exchange as I write this, I found three companies yielding more than 10%. And thanks to liberalized SEC regulations and adventurous new brokerages, you can now buy these cash cows without leaving your armchair.

      That's the kind of insight you get with High-Yield International -- and nowhere else. If a service like this existed, we would never have gone to the expense and trouble of starting this one from scratch.

      Join us as we venture to these newly accessible markets and you'll see stocks yielding 15.4% . . . mutual funds yielding 13.1% . . . closed-end bond funds yielding 16.3% . . . along with high-yielding REITs, royalty trusts, limited partnerships, ETFs, preferred stocks, convertible preferreds . . . and a few strange investment creatures you probably never knew existed!

What We Bring to the Table

      It's tough to research, analyze and follow far-away stocks yourself. Heck, it's not easy for us -- and that's all we do for a living. So we've put together a great team to do the work for you.

      We've hired veteran income investor Nick Lanyi to head up High-Yield International.

      This award-winning financial reporter and investment analyst serves as editor, decision maker and portfolio picker for our new advisory service.

      We couldn't have found a better man for the job. Nick has spent 17 years researching and analyzing money-making opportunities for three of the most widely-read investment advisory services in history.

      At Louis Rukeyser's Wall Street, Nick spent the better part of a decade as a core member of Rukeyser's trusted research team, covering the entire investment waterfront.

      Louis Rukeyser was the first person to bring Wall Street to Main Street, via his pioneering television show that drew 10 times the audience of the likes of CNBC. And his print advisory was by far the most popular investment letter in history.

      During his rigorous apprenticeship, Nick steadily rose through the ranks to ultimately supervise all investment research for Rukeyser's newsletter. He personally analyzed hundreds of companies and spent years specifically focused on high-yielding stocks and bonds.

      If anyone was destined to inherit Rukeyser's skill at isolating Wall Street's few proven producers from a sea of riff raff, it was Nick.

      Using Rukeyser's priceless Rolodex, Nick established working relationships with virtually every prominent money manager on Wall Street. He interviewed dozens of top money managers and analysts. And he developed the rare knack for translating their often-arcane statements into plain English that the rest of us can understand and act on.

It's the Smartest Way to Invest Here . . .
AND Over There

      Study after study has proven that over the long haul, stocks with higher dividends outperform all others.

      If you invested $100,000 in non-dividend paying stocks in 1972, you'd have roughly $240,000 today. That same $100,000 in dividend-payers would have made you roughly $3.2 million. Even better, stocks that initiated or raised their dividends turned $100,000 into more than $4 million.

      Everything that makes high-yield investing so lucrative here holds true overseas as well.

      High-yielding investments offer the most compelling risk-reward trade-off you can find . . . a smooth path to wealth instead of heart-stopping peaks and plunges. From 1971 to 2001, boring but dividend-heavy utility stocks actually outperformed the Nasdaq's aggressive but dividend-less technology stocks -- while incurring about half the volatility along the way. International utility stocks, with their even higher yields, did even better.

      One more thing: dividends keep management honest. You can hide a lot of bad news with tricky accounting, but you can't fake dividends. Dividends send a clear message that management is putting shareholders first by paying them the profits they deserve as co-owners of the business.

We're Not Allergic to
Capital Gains, Either!

      It's a funny thing about high-payout companies: hold them long enough and before you know it, you're usually sitting on a nice-sized capital gain as well. Here are few cases from our own experience in digging up high-yielding stocks for StreetAuthority subscribers:

• When we featured DryShips, Inc., it was trading at $11.11 and yielding 7.2%. While the dividend has been coming in like clockwork, the share price has skyrocketed to over $70, handing us a whopping +604% capital gain. And all this has happened in two years!
   

• Likewise with another shipper, Diana Shipping. We featured this one at the same time as DryShips, because its 12.9% yield caught our eye. But the stock has since jumped +184%, for a triple-our-money total return of +224%.
   

• We bought an oil royalty trust operating in Alaska four years ago at $38.15 per share. It was paying a $3.82 dividend for a yield of 10.0%. Now it's paying $11.12 a share, giving our readers a 29.2% yield on their original buy-in price. Meanwhile, the shares are trading at over $80, for a total return of +222%.

     You get the picture. When you own a steadily growing cash machine, good things tend to happen. You either pocket paycheck-size dividends on a regular basis, or watch your pile of beans grow into a mountain of cash.

Safety Is Everything

      I'm not naive about the dangers that can lurk behind outlandishly high yields.

      So to make sure your dividend is SAFE, we put every stock, bond and mutual fund through a unique analytical boot camp. It's like an x-ray for detecting safe and lasting income streams. We then rank them from best to worst based on our unique scoring system. No one else has this ranking mechanism.

      Here are just a few things we need to see before we even think about recommending an investment to you:

• A long track record of improving earnings. The longer a firm has been profitable, the more likely it is to deliver steady returns in the coming years.
  
  

• A history of consistent and growing dividend payments. We want to see steadily increasing dividends with no declines or missed payments.
  
  

• Strong cash flows. Since you can't pay dividends without cash, we stick to companies that are generating above-average amounts of cash each and every year.
  
  

• Strong projected growth. Growing firms are more likely to be able to boost their dividends in the future.
  
  

• A sustainable payout ratio. Firms occasionally pay out 100% or more of their earnings to shareholders. They can't do this for long without cutting their dividend. We avoid firms that are skating too close to the edge.

      It's hard enough to gather this data on U.S. companies. When you're deciding whether to put money into an Argentine cattle ranch or a South African paper mill, it becomes a real scavenger hunt.

      If we can't verify the numbers to our own comfort level, we take a pass. Instead of swinging wildly for the fences, we prefer to stand calmly at home plate, patiently waiting for the perfect moment to swing. There's no hurry, because the umpire can never call us out. We simply wait as long as we want for the ideal pitch to float across the plate.

Why It's Easier Than Ever to Go International

      Time was, only rich people and institutions could invest abroad. But small investors hungry for overseas stocks are having it easier every day.

      Democracy has come to Wall Street, and formerly unattainable markets are now easily and cheaply traded by everyone.

      The most recent big news is that the SEC is now allowing foreign brokers to sell directly to U.S. investors. This marks the first time since the Wall Street crash of 1929 that the SEC has allowed that.

      Conversely, U.S. online brokerages are now starting to offer direct access to the markets in Toronto, Tokyo, Paris, Hong Kong, Australia and London.

We'll Show You The Right Way
To Buy Foreign Stocks

      In The Smart Way to Buy Foreign Stocks, you'll see how to have your foreign trades executed directly on foreign exchanges, cut out the market maker, and keep the savings for yourself. This report is free with your subscription to High-Yield International.

      Before you buy another foreign stock through your current broker, get a free copy of our report, and find out how much money you can save every time you buy and sell.

Join Us and Profit from the World's Most Powerful Investment Force

      Whether you're investing in Zanzibar or on the NYSE, you're making a currency bet.

      Get the currency right and you've already won more than half the battle. If you can get into a country when its currency is 200 units to the dollar and get out when it's 100 to the dollar, you've already doubled your money. And that's on top of any capital gain on the stock, or interest on the bond.

      I hate to discourage all the stock pickers out there, but the simple fact is that it's much more important to be in the right countries than the right stocks.

      An appreciating currency pushes the dollar-value of your investment ever upward, even if its price in local currency doesn't move a bit.

      Take Australia, for example. You could have bought any Australian stock five years ago, and with the currency gaining against the dollar, you would have had an extra 50% in your pocket -- on top of whatever the stock returns. The +109% return of Australia's All Ordinaries Index became a +183% gain for U.S. investors.

      Almost the exact same thing happened in New Zealand. Over the past five years, stocks have soared +58% there. But American investors gained +97% because of the currency effect.

      In Germany, stocks rose +86% in euros, but in dollar terms they were up +158%.

      It goes on and on around the world. In Great Britain, stocks rose +55% for British investors, but +90% for their U.S. counterparts.

      In Brazil, the currency effect was like rocket fuel. Local investors saw their shares soar +338% . . . but in dollar terms Brazilian stocks gained an eye-popping +730%!

This Is Our Only Job -- So We Give It All We've Got

      High-Yield International is the only periodical devoted exclusively to helping you profit from high-yielding foreign securities.

      And that's all we do: dig up dependable cash-in-hand securities from Australia to Zurich that steadily steamroll ahead, compounding their gains into ever-higher total returns.

      We report to no one but you. If our recommendations don't increase your wealth, we know we will lose your trust and your readership. And we'd deserve to.

      We accept no advertising. Nobody owns us. And we track all of our recommendations, so you always know how much money we're making for you.

      We have one purpose and one purpose only -- safely making you money. Without a lot of nail biting and never more than a thimbleful of risk.

      On the contrary, when you try High-Yield International, the risk is all ours. You don't risk a penny with our 100% money-back guarantee.

What You'll Get When You Join Us

      High-Yield International is a web-based newsletter that you can access the instant we release each monthly issue. You can then easily print out the issue from your computer if you wish.

      You'll never have to wait for your issue by snail mail because as soon as we dot the last "i," we'll e-mail you the complete issue.

      You don't have to log on to a web site and fumble around with a password. The issue goes straight to your email inbox.

      In addition to your monthly issues and mid-month updates, we'll alert you by email whenever there's breaking news on one of our holdings.

Here's a peek at just a small part of what you can expect
in every issue:

• Nick Lanyi's Global Focus:  Here Nick focuses on a particular country or region of the globe. It's a unique level of analysis that you won't find in any other advisory service.

• International High-Yield Security of the Month:  Most of our readers will turn here first. It's an in-depth profile of an especially attractive company, fund, trust (or perhaps an exotic security you've never even heard of before)

• Portfolio Review:  News and updates on portfolio holdings, including current advice . . . plus a look ahead at one or two new companies we're looking at for possible purchase.
  
  

• Our Reliable Income Portfolio of foreign common stocks, preferred stocks, mutual funds and ETFs with high and dependable yields . . . and some downside-risk protection. These stable, growing cash cows have long track records and strong future prospects. You can count on them to deliver premium income year-in and year-out.
  
  

• Our more aggressive Ultra-High-Yield Portfolio of securities with breathtaking yields of up to 25%. Granted they come with downside risk -- but here's where you'll find some of the highest-yielding investment ideas on the planet. Everything in here offers an annual income stream of 10% or greater at the time it is added.
  
  

• You'll also get a Mid-Month Update every month. This is not a skimpy bulletin, but a solid overview of the global high-yield scene, with specific buy/sell/hold advice on every position we profile that month.
  

Look at What Else You Get . . .

      To welcome you as a new subscriber, and to get off to a running start, you'll also receive a package of special reports we've prepared especially for new subscribers. Here's a peek at the three you get with a one-year subscription:

	1 The Smart Way to Buy Foreign Stocks 2 Astounding (and Surprisingly Safe) Yields in Emerging Markets 3 Fund Favorites: Three Closed-End Winners for Dividend Lovers

Come on board for two years
and you get these four additional reports:

	4 Top Yields Down Under: Our Five Favorite High-Yield Stocks in Australia and New Zealand 5 Secret Asian Cash Cows: Three High-Yielding Stocks Western Investors Are Missing Out On 6 Heading South for Higher Yields: Latin America's Top Three Income Stocks 7 Global Gems: Four Top-Yielding Foreign Winners

Charter Subscribers Save $397

      A year of High-Yield International, which entitles you to 12 months of advice, complete with buy and sell signals, plus as-needed updates -- e-mailed to you within minutes of our investing decisions -- costs $794.

      But for a limited time only, we're offering half-priced charter subscriptions for just $397 (with a 100% money-back guarantee, of course).

      If you think about it, $397 is a modest price to pay for this level of service. On a $100,000 portfolio, it's like paying a 0.397% management fee, which is far less than you'd pay any mutual fund or asset manager -- even if you could find one in the arcane area of international high yields.

      By the way, you can pay even less by signing on for two years, which drops the price to $697. You have the same 100% money-back guarantee as a one-year subscription, but you save an extra $97. That's a steep discount off the standard two-year rate.

Not for Everyone . . . But Maybe Perfect For You

      High-Yield International isn't for everyone. It's a focused and comprehensive service for committed income investors. Join us and you will be part of an elite investment alliance -- not a mass-circulation service.

      Instead of trying to get a zillion subscribers, we want to make sure our service does what it's supposed to for you: take the guesswork out of choosing high-yields from around the world without any hidden liabilities that could trip up a safety-first investor.

      But I think once you try a few issues . . . and see for yourself the mouthwatering income plays that excited us enough to start this service . . . the cost will be the last thing on your mind.

      On a $100,000 portfolio, you could pocket $10,000 per year in dividends alone in these foreign cash cows -- and plenty more if you want to be aggressive. Is making four times the yield of the average stock -- while reducing your risk -- worth 81 cents a day?

      Only you can answer that. But our guarantee makes the fee irrelevant. I invite you to try High-Yield International for three full months with zero commitment.

      If it's not right for you, we'll send you every penny of your payment back. No fine print. Take three full issues to decide. (Even after your three-month trial period is over, you can still get a pro-rated refund anytime you choose.)

      Finally, I would like to remind you that High Yield International is the only advisory devoted to profiting from both these powerful themes:

1. Increasingly strong economic growth outside the U.S.

2. Abnormally high dividend yields available on international securities.

      Join us and you'll be part of a growing brotherhood of like-minded investment adventurers who share our love for reliable investment ideas delivering hefty income and strong capital gains.

      When those fat distribution checks come rolling in, the beauty of our "pay-me-now" approach will be obvious. You'll recoup your initial investment before you know it. After that, every check is pure gravy. And any capital gain down the road is icing on the cake.

      One last thing: look around you and you'll see why I am so convinced that NOW is the time to make this move.

      Between the mortgage mess and the credit crisis . . . record oil prices and nagging inflation . . . the budget deficit and the trade gap . . . it all adds up to a pretty strong headwind for U.S. investors. Fed Chairman Bernanke has said so himself.

      So it's your choice. You can place your investment future on the back of U.S. stocks . . . a market yielding 2.4% that even optimistic forecasters believe will eke out just +5% to +8% annual gains . . . or join us as we lock in solid foreign plays yielding from 9% to 25% right out of the gate in dividends alone.

      We think the choice is clear. Please click here to take advantage of our Charter Discount today.

Sincerely,

Paul Tracy
Chief Investment Strategist
High-Yield International

P.S.  Here are just a few of the companies in our portfolio right now that are scheduled to pay a sizeable dividend in the next three months alone:

Don't let these payouts pass you by!

P.P.S. Go ahead and try High-Yield International FREE for three months! That's right -- sign up now and take the next three monthly issues -- plus the special reports -- while you decide if the service is right for you. If it's not, no problem. We'll return your entire payment -- 100% -- and all the special reports you receive will be yours to keep.