June 2006

Income Security of the Month

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Key Statistics:

Type Emerging Markets Fund
Annual Dividend $2.00 / share
Dividend Yield  10.0% 
3-Yr Average Annual Gain +39%
Discount to NAV 6.8%
If you're an income-oriented investor looking for both high yields and the enormous growth that comes with investing in foreign markets, then you need to learn more about our "Income Security of the Month" for June 2006. This diversified fund not only pays a 10.0% dividend yield, but it also gives investors exposure to some of the world's fastest-growing economies, including China, Brazil and India. Thanks in large part to its emerging market strategy, our "Income Security of the Month" not only pays a dividend yield that is roughly 5X greater than the S&P, but the fund has also delivered average returns of +39% per year over the past three years. 


Visit the link below to gain access to this security's name . . .
Tell me the name of this fund!


An Experienced Expert You Can Trust... 

Editor of our High-Yield Investing newsletter since its inception in May 2004, Carla Pasternak draws on a variety of financial backgrounds to make profitable calls on income-generating stocks for her readers.

Carla has been employed in the investment industry for more than two decades. In addition to her work as a writer for several other nationally recognized financial publishers, her previous experience includes a position as president of a well-respected investor relations firm. She has also been writing shareholder reports for public companies since 1980.

A highly successful investment analyst, Carla specializes in high-yield, income-paying stocks. In that pursuit, she's always mindful to select companies that not only pay rich dividends, but that should also deliver strong long-term capital gains.

Furthermore, Carla's experience in writing SEC filings gives her the added insight required for her to truly understand a company's current and future financial health.

On the educational front, Carla holds BA, MA, MBA and Ph.D. degrees. When she's not watching the market, she's teaching business courses at the college level and managing several million dollars in portfolio assets. 

Here's what some of our over 100,000 loyal subscribers have to say about Carla Pasternak's High-Yield Investing newsletter:

"First of all, even though I've been investing for years, since my retirement, I'm a newbie to income investing ... and, I LOVE Carla Pasternak's High-Yield Investing newsletter. She writes with great clarity, making the subject a "good & informative" read. I look forward to a good income investing education from a great mentor."
-- Richard Gregory
Centerville, Ohio

"You have a terrific service. I subscribe to a lot of them, but yours is one of the best. Keep it up. I am one guy you will never lose as a subscriber. Thank you."
-- J. Achmakjian
Wellesley, Massachusetts

"I'm a subscriber to your High-Yield Investing newsletter and I am really enjoying it! Thanks for your detailed market review and profiles of different individual income investment ideas. I am just starting to invest seriously and your newsletter has been a good starting point for me."
-- Bradford Mabry
Hixson, Tennessee

"High-Yield Investing is the fix I need to augment my retirement income. In the search for yield, Carla Pasternak is amazing and resourceful."
-- Dr. Stephen Silverhardt
Jenkintown, Pennsylvania

"As president of an insurance company, your newsletter has been a godsend to our investment team. I especially like the fact that you tell us in advance when issues will be ready, have strict guidelines with your selections, and tell us exactly when to buy and sell. I really enjoy your newsletter. It is my style of investing. Thanks."
-- Dike Ajiri
Chicago, Illinois

"I just subscribed to your High-Yield Investing newsletter, and so far I really like it. I spend hours looking on the web for high-yield investments and your letter narrows it down nicely."
-- Roger Duncan
Colorado Springs, Colorado

"After reading a few sample issues of your High-Yield Investing newsletter, I have found the content to be extremely informative and helpful to me in my own investing -- my goal is income investing for my retirement."
-- Ronald Kenyon
Al-Khobar, Saudi Arabia

What is our "Income Security of the Month" all about?
Every month Carla Pasternak and our research staff here at High-Yield Investing, an exclusive newsletter published by StreetAuthority.com, put the spotlight on a unique income security that offers unusually high dividends AND tremendous long-term growth potential.

Although we usually cover individual stocks in this report, we understand that many readers do not like to take big risks with their investments. If you're one of them, then we have great news for you -- in today's report we'll profile a diversified closed-end fund.

But this is no ordinary closed-end fund. Launched in 1987, our "Income Security of the Month" for June is one of the oldest and most respected international funds on the market. And although it offers one of the highest dividend yields available -- an impressive 10.0% -- this fund is perhaps most appealing for its growth potential. Specifically, the fund returned +59% last year and has delivered average annual gains of better than +39% over the past three years.

And this performance is by no means an anomaly. Our "Income Security of the Month" has chalked up stellar returns for nearly 20 consecutive years now, posting average annual gains of +15.6% since its inception back in 1987.

What's not to like about a fund that has a sensational track record, pays a sizzling 10.0% dividend, enjoys a well diversified portfolio, is overseen by one of the world's most respected fund managers, and invests in the world's fastest-growing markets? Well, in most cases, a security with these attributes would probably trade at a premium price that only the very wealthiest investors in the world could afford. However, as you'll see in a moment, this fund is actually trading at a steep discount to the value of its assets, giving investors a rare chance to purchase a solid portfolio of assets for just pennies on the dollar.

The Perfect Time to Invest
Now is the perfect time to invest in this high-yield fund. The reason is simple -- right now this fund is selling at a nearly 7% discount to the value of its portfolio holdings. (Later on in today's report we'll explain how this type of discount comes about, so please keep reading.)

What does this mean for you as an investor? Well, an investment in this fund will not only provide you with a 10.0% annual dividend yield, but thanks to the fund's discounted price, you'll be able to purchase a dollar's worth of very sturdy assets for just 93 cents!

But not for long. Thanks to the tremendous performance of emerging markets in recent years, this fund is starting to attract more and more attention on Wall Street. As a result, the shares are rallying and the discount is shrinking. With this in mind, investors need to capitalize on this high-yielding security now before the fund's significant price discount disappears.

Exploding Growth in Emerging Markets 
Stock markets around the world have been surging in recent years, with many broad-based international indices delivering gains in excess of +25% per year. And given their extraordinary growth, it should come as no surprise that the emerging economies of countries like China, India, and Russia are propelling the rally. In fact, these three nations delivered economic growth of +9.8%, +7.6% and +6.4% in 2005, respectively. That's head and shoulders above the type of growth we're accustomed to seeing in more developed economies like the U.S., where +3% growth is considered an impressive figure.

That type of above-average economic growth has translated directly into superior stock market performance. Although the U.S. benchmark S&P 500 Index has performed extremely well over the past three years -- climbing +40% -- one of the most popular emerging market indices has surged +288% over the same period. The momentum continues, with emerging markets up a healthy +16% so far this year, far outstripping the S&P's paltry +2% rise.

With strong fundamentals fueling the growth, the outlook for emerging economies looks bright. And even though institutional investors have piled into these growing markets, the average emerging market stock is still attractively valued at just 12 times next year's projected earnings.

Admittedly, the value of emerging markets funds can change overnight as investors shift their attention from one global hot spot to the next. That's what makes our "Income Security of the Month" so intriguing -- instead of focusing exclusively on one country, its assets are well diversified among the world's fastest-growing economies throughout Asia, Europe, Latin America, and Africa. This should enable the fund to deliver stable returns and solid dividend payments year-in and year-out for the foreseeable future.



Thanks to the fund's growth-oriented investing strategy and experienced management team, our "Income Security of the Month" for June 2006 is delivering huge capital gains plus some of the highest dividends available on the market today.  If you're an income-oriented investor, then you'll be more than pleased with this fund's impressive +10.0% dividend yield.

By comparison, the 2.1% yield offered by the average dividend-paying member of the S&P 500 looks downright puny. In addition, even the Dow Jones Select Dividend Index with its 3.1% yield can't hold a candle to our "Income Security of the Month."

And Treasury bonds?  Forget it.  The 10-year Treasury note currently offers a yield of a touch over 5.0%.

Corporate bonds don't even come close either. The average 10-year "AAA" rated corporate bond yields just 5.8% at the moment. Although that's not a terrible return, it's not even in the same ballpark as our "Income Security of the Month." In fact, it would take nearly two years for the average "AAA" corporate bond to deliver the same type of income that our "Income Security of the Month" should deliver in the next 12 months alone!

The 10.0% dividend yield offered by our "Income Security of the Month" is not only dazzling at first glance, but it's also even more impressive when you start to examine what it could mean for your portfolio. To help you get a better sense for just how profitable this investment idea could be for you, here's a quick look at the annual cash payouts that a 10.0% dividend would bring in for portfolios of varying sizes:

Portfolio Size Annual Cash Dividends  Portfolio Size Annual Cash Dividends 
$50,000 $5,000 $500,000 $50,000
$100,000 $10,000 $750,000 $75,000
$250,000 $25,000 $1,000,000 $100,000

Best of all, the cash flow amounts shown above represent the payments you'd receive in just one single year from our current "Income Security of the Month." Keep in mind that as long as this fund's dividend payout remains steady, this income will continue to roll in year after year. 

Visit the link below to gain access to the name of this high-yield fund . . .
Tell me the name of this
fund!


A Closer Look at our "Income Security of the Month" for June


Editor Carla Pasternak prefers to invest exclusively in well diversified, stable funds that offer abnormally large dividend payments. With Carla, you know you're not getting the latest market darling, but instead a high-yield fund that you can count on to deliver steady dividend payments year-in and year-out.

Our "Income Security of the Month" for June 2006 is no exception to that rule. The fund's diversified portfolio, solid growth record and double-digit dividend yield make this investment idea a "no-brainer."  

What Gives This Fund Its "Edge" Over the Competition?

  • High Yields -- This fund's 10.0% dividend yield is one of the highest available on the market.

  • Growing Dividend Payments -- Our "Income Security of the Month" has delivered regular dividends every year for nearly two decades, and the fund's payouts have increased an average of +11% per year since 1987.

  • DRIP Plan Available -- This fund's dividend reinvestment plan not only automatically reinvests dividends in shares of the fund, but it also allows investors to purchase additional shares for just a small fee.

  • Diversification -- What makes a diversified fund like our "Income Security of the Month" so appealing is that its assets are spread across 26 different countries, reducing the risk of a country-specific downturn.

  • Solid Track Record -- The downside to most funds that pay big distributions is often slow growth. However, the good news is that our "Income Security of the Month" is growing at a solid clip. In fact, the fund not only skyrocketed +59% higher in 2005, but it has also delivered average returns of +39% per year over the past three years. This solid track record extends all the way back to the fund's inception in 1987. Since that time, our "Income Security of the Month" has gained an average of +15.6% per year.

  • Experienced Management Team -- With over three decades of experience in the field, this fund's lead manager is a true pioneer when it comes to emerging markets investing. He's also authored several books on the subject. Assisted by a research team of about 50 people working in offices across the globe, this world-renowned manager invests in fast-growing, undervalued income stocks that pass a series of stringent requirements.

  • Booming International Growth -- This fund offers diversified exposure to some of the world's fastest-growing economies, including China, Brazil, India, South Africa, Taiwan, South Korea and Russia, among others. Most of these nations are delivering much stronger economic growth than what we're seeing in the U.S., and that type of superior economic growth has translated directly into impressive stock market performance.

  • Discounted Share Price -- Although many emerging market funds are generating record returns, only a handful are still trading at a discount to their net asset value (NAV). Our "Income Security of the Month" is one of those rare undiscovered gems. The fund is now trading at a nearly 7% discount to the value of its assets, enabling investors to purchase a diversified portfolio of income-generating stocks for just pennies on the dollar. (More on this topic in a moment.)

  • Favorable Tax Treatment -- The fund uses a mix of strategies to provide tax-advantaged dividends to shareholders. As a result, most of its dividends qualify for a reduced 15% tax rate or for deferred tax treatment. That makes the fund ideal for taxable accounts and keeps its after-tax yield extremely high.

  • Easy to Buy and Sell -- This closed-end fund can be bought and sold throughout the day as easily as a regular common stock. In addition, you won't be burdened with front/back-end loads or minimum investment requirements -- you can purchase shares in this fund for as little as $20, and you can buy or sell the fund whenever you choose.

With all of these factors in mind, you may want to take this opportunity to lock in this fund's abnormally high 10.0% dividend yield today while it's still available. If you're ready to learn the name of this fund, plus join the thousands of other satisfied subscribers to Carla Pasternak's High-Yield Investing newsletter, then please visit this link.


A Profitable Quirk -- How to Purchase a Fund for Less than the Value of its Assets


Although mutual funds are enormously popular, our "Income Security of the Month" is a lesser-known type of fund that's been around even longer -- a closed end fund. This variety of fund has been in existence since at least mid 19th century Britain. But with less than $400 billion in assets in the U.S., this profitable fund class is only about 5% the size of the mutual fund industry.

Nonetheless, closed-end funds hold several major advantages over mutual funds. In addition, due to a quirk in the way these funds trade, investors periodically have a chance to buy great assets at a big discount to their actual value.

A Profitable Quirk
There is one major feature of closed-end funds that all investors should be aware of. This feature, if fully understood, can lead to tremendous profits for savvy investors. However, if not taken into consideration, it could lead to significant losses. Specifically, we are referring to the concept of premiums and discounts.

Closed-end funds trade on the major exchanges (NYSE, Nasdaq, etc) just like stocks. As a result, their price is determined not by the value of the investments they hold, but instead by the supply and demand for each fund's shares.

Let's illustrate with a simple example: suppose you hold a closed-end fund that owns just one stock -- 100 shares of company XYZ.  For the sake of this example, we'll assume that XYZ is trading at $100 per share. Therefore, the total value of this fund's investment portfolio is $10,000. This figure is called the fund's net asset value (NAV). Let's also assume that this closed-end fund has a total of 1,000 traded shares. In this particular example, the fund's NAV per share would be $10.

Although the fund's investments are worth $10 per share, this closed-end fund will not necessarily trade at $10. If investors sell the fund's shares en masse, then the price of the fund on the market could well drop to $9 -- in this case, the fund would be trading at a 10% discount to its NAV. On the flipside, if investors, caught in a bullish mood, decide to buy the shares with reckless abandon, then the fund could trade up to $11 or $12 per share. In this type of situation, the fund could sell at a steep premium to its NAV.

It might seem as though closed-end funds should always trade at or near their NAV, but in practice this is definitely not the case. In the past, we've seen funds trade at significant premiums or discounts of as much as +/- 10% of NAV for short periods of time. Over the long term, however, closed-end funds do tend to revert back to their NAV.

In some cases, in fact, fund managers will try to speed up that adjustment by actually buying back their own shares if they're trading at a discount to NAV. In addition, major institutional investors have been known to aggressively purchase closed-end funds that are trading at big discounts to their NAV.

Here at StreetAuthority, we think it's time for the little guys -- America's millions of small investors -- to start getting in on the action. As a small investor, if you're able to identify a closed-end fund that is trading at a steep discount, then you can essentially buy that fund's assets -- the stocks and bonds held by the fund -- at a bargain price. This is the single best way we know of to purchase high-quality assets for just pennies on the dollar.

If buying funds at a discount sounds appealing to you, then you'll be happy to know that our "Income Security of the Month" for June 2006 is now trading at a nearly 7% discount to the value of its assets. But as we mentioned earlier, this discount isn't likely to last long. This fast-growing fund is starting to attract more and more attention on Wall Street, and as a result, the shares are rallying and the discount is shrinking. As such, investors need to capitalize on this high-yielding security now before the fund's significant price discount disappears.

Visit the link below to gain access to the name of this discounted closed-end fund before this steep price discount disappears . . .
Tell me the name of this fund!


The Power of Compounded Dividends -- Using DRIPs
to Grow Your Wealth


Over the long run, there's no better way to grow wealthy in the investment markets than to systematically invest in high-quality stocks and funds, hold on for the long haul . . . and reinvest your dividends.  

That's why Dividend Reinvestment Plans, or "DRIPs," are such powerful wealth-builders. By plowing your dividends back into more shares, DRIPs make it easy to harness the miraculous power of compounding. The beauty of compounding is that any little smidgen of money you can put to work now -- no matter how small -- can have an extraordinary effect on your wealth down the road.

For example, let's say you're able to stash away $6,000 per year. Although that might not seem like much, thanks to the magic of compounded dividends, a $6,000 annual investment can turn into nearly $1.1 million over time. The chart below shows what would happen if you invested $6,000 per year for 30 years in a security that offers a 10.0% annual dividend yield.

Assuming a $10 share price, in this example you'd start out at year #1 with an investment of just 600 shares ($6,000 divided by $10). But thanks to the magic of compounded dividends, by the end of this 30-year period you'd have a nice nest egg of over 109,000 shares in your brokerage account, and those shares would be worth nearly $1.1 million. Even better, at year #31 those 109,000 shares would be throwing off nearly $110,000 in cash dividends each and every year. 

The good news for investors is that our "Income Security of the Month" for June 2006 offers a 10.0% dividend yield, plus a DRIP plan to help you automatically reinvest your dividend checks, making gains like this possible over the long haul.

Best of all, this chart assumes that the security's underlying share price doesn't budge over the entire 30-year period -- that it doesn't even gain one single cent. The returns shown above display gains from dividends only. However, as we noted earlier, our "Income Security of the Month" has delivered average annual returns of +15.6% per year over the past 20 years. Returning to our example above, if this security's share price increases in value at +15.6% per year, then in this example you'd end up with nearly 50,000 shares and over $35 million in your brokerage account.

The bottom line is that dividends matter big time. And investing in high-yield securities matters even more. When you invest in companies and funds with abnormally high dividend yields, you can make staggering profits even if their share prices never budge. Your dividend check can eventually grow so large that it surpasses the original price you paid for the security. The exhilaration of "lapping" your original investment that way is a feeling you'll never forget.

Please read on if you'd like to learn more about some of our other income investing ideas, as well as our High-Yield Investing newsletter. In the meantime, if you're ready to learn this fund's name, plus join the thousands of other satisfied subscribers to Carla Pasternak's High-Yield Investing newsletter, then please visit this link.


Just One of MANY Remarkable Income Investing Ideas . . .


Our "Income Security of the Month" for June 2006 should deliver impressive growth and above-average income in the coming months and years . . . but if you're an income-oriented investor, then this security certainly isn't the only game in town.

In each issue of her monthly High-Yield Investing newsletter, editor Carla Pasternak introduces her readers to dozens of similar stocks and funds that offer both above-average dividend yields and strong capital gains.  In the process, she provides two model portfolios that are chock full of high-quality income investment ideas (more on these in a moment).  Many of the firms she holds in these portfolios sport dividend yields in excess of 8%, 10%, even 15% or more. 

In the table below you'll find a sample of the types of high-yielding securities that Carla Pasternak currently holds in her model portfolios.  (Remember -- these portfolios are available exclusively to our High-Yield Investing newsletter subscribers.)

Business Profile Dividend Yield*
Canadian oil & gas royalty trust  10.0%
Preferred stock 7.8%
Domestic mutual fund  12.0%
International closed-end fund  25.6%
Business development company  9.7%
Enhanced income security 12.8%
Preferred stock  9.5%
Global income fund 7.6%
Emerging market fund 10.0%
Commercial finance REIT 12.8%
Foreign closed-end fund  9.1%
Canadian oil & gas royalty trust  12.6%
Energy trust  7.9%
Commercial finance stock 7.9%
Preferred stock  10.0%
Canadian closed-end fund 8.0%
Real estate fund 7.7%
Preferred stock 10.2%
Foreign telecom 7.1%
Public investment firm 8.1%
Domestic closed-end fund 13.3%
* Annual yield as of June 2006

Important Note -- Although the yield data shown above is accurate for all stocks and funds mentioned, we can't provide you with company names and symbols for these securities until you register for our High-Yield Investing newsletter.  To be fair to her current readers, Carla Pasternak has reserved that information exclusively for the more than 10,000 satisfied, fee-paying subscribers that are already benefiting from her monthly income investing advice and ideas.  We sincerely hope you understand our position here.

However, the good news is that if you visit the link below, then we'll not only give you the name of our "Income Security of the Month" for June, but we'll also provide you with immediate access to the names and ticker symbols of each and every one of the high-yielding stocks and funds listed in the table above. You can find this information by scrolling through Carla Pasternak's various model portfolios, which you'll find in each and every issue of High-Yield Investing.  We'll tell you more about these high-yielding portfolios later in today's report.

To gain access to all of these company names, PLUS receive as many as SIX complimentary research reports, PLUS receive Carla Pasternak's monthly newsletter filled with dozens of similar income investing ideas, please visit this link immediately. In the meantime, please read on to learn more about our company and our High-Yield Investing newsletter . . .


Register for High-Yield Investing today and you'll also receive
up to SIX in-depth research reports that will show you
how to enhance your annual income stream...


With a subscription to our monthly High-Yield Investing service, you'll receive much more than just the name of our current "Income Security of the Month."  You'll also receive a monthly email newsletter, regular mid-month updates, access to two model income portfolios, PLUS as many as SIX in-depth research reports (we'll tell you a bit more about each of these reports in a moment).



What is High-Yield Investing?


High-Yield Investing is a monthly investment newsletter that brings you a wealth of information on the market's leading income-oriented investment opportunities.

In each issue of High-Yield Investing you'll find an array of market-beating, high-yield income investments to choose from.  Many of the income stocks and funds we profile provide investors with solid annual dividend yields of 8%, 10%, even 15% or more. We not only provide our subscribers with income investing ideas that produce incredibly high dividend yields, but the kicker is that these high-yield investments have also consistently outperformed the major market averages! 

In each monthly issue of High-Yield Investing we sift through various sectors of the economy where smart money appears to be turning its attention. In the end, we uncover sectors that we feel are poised to outperform the broader market throughout the coming year. Within these sectors we then look for the most promising income stocks to introduce to our subscribers.

You couldn't ask for a better time to begin owning high-yield income stocks. Here's why:

-- The oldest members of the baby boomer generation (those born between 1946 and 1964) turned 59 years old last year and are starting to enter into retirement. Do you realize what this means? The leading edge of a generation populated by 76 million people will soon find itself searching for stable, income-producing investments to replace their regular paychecks. Best of all, this trend will continue for at least another 20 years as this generation continues to progress into retirement.

--
Dividend-paying stocks have outperformed the broader market in recent years, and this trend is expected to continue in the years ahead as investors look to dividends to bring in solid returns in an otherwise lackluster market. According to Standard & Poor's, equity prices are expected to appreciate on average only about +6% a year throughout the next few years. That leaves dividends to play a larger role in boosting investors' total returns. Although dividends have already accounted for about 40% of the market's total returns since 1926, that figure is likely to increase with the current trend toward higher dividend payments. As such, investors of all stripes need to have exposure to high-quality income stocks.

-- A growing number of firms are taking advantage of the recently reduced dividend tax rate to make their stocks more attractive to investors. Since the 15% tax cap took effect back in 2003, dozens of companies in the S&P 500 have initiated dividends and the vast majority of firms have raised their dividends. Right now, over 75% of all members of the S&P 500 pay dividends. 

-- Not only are more companies paying dividends, but more are also increasing their dividend payments. As a result, cash dividend payments are now at record levels.

If your portfolio isn't delivering both capital gains and a steady flow of cash income each year, then you're missing out on some great opportunities. As an established expert in the income investment field, High-Yield Investing editor Carla Pasternak has the knowledge, contacts and expertise to help you identify such winning picks for your portfolio.

If you're an income-oriented investor, then you'll also be pleased to know that Carla focuses her research exclusively on high-yielding investments. In fact, if a company or fund doesn't offer a dividend yield that's at least 2X or 3X greater than the average yield posted by the S&P 500, then Carla won't even consider it. Instead, she looks exclusively for investments that offer yields of at least 5%, 10%, even 15% or more (and in many cases, much more!). These are the types of investing ideas that will help you earn above-average income from your portfolio for years to come.

And because Carla also takes a very conservative approach to her investments, her picks tend to hold up extremely well even when the overall market plummets or trades sideways. Her solid track record (see below for further details on this) over the past two years -- a time period when the broader market has been relatively flat -- is proof positive of that.


What You'll Get Every Month with Your Subscription to
High-Yield Investing...


High-Yield Investing is a monthly investment newsletter that brings you a wealth of information on the world's best and brightest income-oriented investments. Each issue is chock full of market analysis, model portfolios, special reports and proprietary lists of high-yielding stocks aimed at helping you become a much better and more profitable income investor.

Here is what you will receive each and every month as a High-Yield Investing subscriber:

Feature Article -- Each month Carla will take a closer look at a particular corner of the income investing market, ranging from Canadian Royalty Trusts to REITs to preferred stocks to bonds. After educating you on that particular topic, she'll thoroughly profile several new income-generating opportunities and will back up her analysis with sound fundamental data. Carla will do all the research for you, and when you're done reading you'll be in a much better position to boost your annual income by investing in securities with above-average yields.

Mid-Month Updates -- In the middle of each month Carla will summarize the market's recent activity and will tell you in plain, simple English how it affects your income investments. She'll not only tell you how to protect your investments, but she'll also uncover some great new opportunities that could help you generate above-average income in today's market environment.

High-Yield Security of the Month -- Each month Carla Pasternak will bring you an in-depth profile of one of the highest-yielding securities on the market.

Upcoming Dividend Payouts -- In each issue Carla will offer up a detailed list of securities that are getting ready to deliver abnormally large dividend payments in the coming weeks. Many of our readers use this list to time their entry points to take full advantage of these upcoming dividends.

Model Portfolios -- You'll also have access to two model portfolios that are chock full of dozens of income-oriented investing ideas. We're happy to say that in addition to providing above-average dividend yields, both of these model portfolios have handily outperformed the S&P 500 since their inception.

10%-PLUS PORTFOLIO
Carla's "10%-Plus" Portfolio includes a variety of high-reward investment ideas that sport dividend yields of 10% or better. You heard us right -- Carla won't even consider a security for this portfolio unless it offers a double-digit yield! As of the beginning of June 2006, the investment ideas in this portfolio have delivered an average return of +17.4%. They also sport an average dividend yield of 13.1%.

DIVIDEND OPTIMIZER PORTFOLIO
In her "Dividend Optimizer" Portfolio, Carla focuses on quality investments that yield at least 2X or 3X greater than the S&P at the time of purchase. She initially identified most of these investments using her proprietary Dividend Optimizer Model, which looks for safe, stable investment ideas that offer above-average annual income. As of the beginning of June 2006, the investment ideas in this portfolio have delivered an average return of +16.0%. They also sport an average dividend yield of 6.5%.

High-Yield Investing
only from
. . .

StreetAuthority.com is a research-intensive financial publishing firm that aims to level the playing field for small investors by giving them access to the ideas and insights of some of the country's top investment analysts. 

In times of economic, political and market uncertainty like we face today, individual investors need professional guidance more than ever. More importantly, they need advice from a reputable information source that they can trust. StreetAuthority is exactly that kind of company for so many reasons. Here are just a few of the things that separate us from the competition:

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High-Yield Winners
Three Stocks with Hefty Dividends and the Cash to Keep Paying Them
In today's fast-paced investing world, where everyone is looking to make a quick fortune on volatile technology stocks, it's easy to overlook the many advantages offered by income stocks. However, to do so would be a huge mistake. In fact, a look back at market data over the past 75 years shows that nearly half of the market's total returns have come in the form of dividends.

Between 1926 and 2003, dividends contributed 42% of the total return delivered by the S&P 500. It's been calculated that $1,000 invested in the S&P 500 in 1926 would be worth $2.3 million today if reinvested dividends are included, but only $90,000 without the dividends!

The goal of this report is to point you toward a few select income stocks that are poised to deliver market-beating returns in the years ahead. Although they operate in a variety of different industries, each company has steadily increased its dividend payment year after year in the past, and each should continue to do so in the future. So if you prize high current income, outstanding growth, and above all reliability, then you'll love these steadily growing safe havens for your money.

 
Cash Cows
Great Companies with 10%+ Dividend Yields
If it takes double-digit yields to make your income-investing heart pound faster, then this is the report for you. We recently scoured the entire market for quality stocks throwing off yields of at least 10%.

We also made our companies clear all of these hurdles:

  • A long track record of cash dividends
  • Growth in dividends over time
  • Stable earnings profiles
  • Reasonable payout ratios
  • Qualifies for the lowered 15% tax rate
  • Low long-term debt
  • Non-cyclical businesses

If your portfolio isn't delivering both capital gains and a steady flow of cash income each year, then you're missing out on these great opportunities.  In this report we'll bring you an in-depth look at several proven income stocks that not only meet the criteria noted above, but also offer abnormally high dividend yields of at least 10%.

 
Best Dividend Reinvestment Plans in America
If you'd like to emulate Warren Buffett, whose favorite holding period is "infinity," then DRIPs are the way to go. They make it easy to be an automatic, disciplined investor in a fluctuating market, so that -- just as with dollar-cost averaging -- you wind up with more shares for your money.

Some of the advantages of DRIPs include:

  • You can invest with zero commission.  About 75% of DRIPs charge no commission when buying shares with reinvested dividends, and nearly all the rest charge less than any broker.
  • You can get instant stock discounts.  About one in 10 DRIPs will give you a discount on shares you buy with reinvested dividends, putting you immediately in the black.
  • You can buy extra stock outright.  Scores of new DRIPs now let you buy extra stock directly from the company, bypassing brokers altogether.
  • You can put every cent of your dividend back into the stock. 
  • You can easily make tiny purchases.  Most brokers charge minimum commissions that make small "odd-lot" buys prohibitively expensive. But with a DRIP, every dividend payment buys a fractional amount of additional shares.

In addition to educating you on the advantages of DRIPs, this report will show you how to put the power of DRIPs to work for you -- in ways and in stocks you may have never considered before.

 
Northern Beauties
Four Great Canadian Trusts for Yield & Gains

If you want mouthwatering dividends, then it pays to look north. These remarkable Canadian cash cows yield five to 10 times more than the average stock . . . their dividends (unlike those of U.S. trusts) qualify for the low 15% tax rate . . . they tack on an extra profit if the U.S. dollar continues to
drop . . .  and they offer major capital-gains potential to boot.

Although they've run up in price over the past few years, you can still find Canadian trusts with attractive price tags and jaw-dropping dividend yields if you know where to look. You'll find four such gems in this report, including the world's largest producer of the key industrial metal wollastonite. It was up +46% in 2005 and is still yielding a mouthwatering 12%. Also in demand for its metallurgical coal, this trust has inked long-term contracts with China and Korea . . .  and with many other nations demanding its high-grade output, it looks likely to enjoy strong pricing power for years.

Although based in Canada, all four of the stocks we'll profile in this free report are also listed on a major U.S. exchange, making them easy for domestic investors to purchase. They have delivered above-average returns . . .  and with their superior yields, stable cash flow and outstanding dividend growth, they should continue to treat us well in the years ahead.

 

REITs You Can Trust
Three High-Yielding REITs with Safe Dividends
REITs -- no doubt you’ve heard about them. Maybe you’ve shied away from them because their fat dividends and stunning share price performance seem too good to be true. Or maybe you already hold some REITs in your portfolio but want to identify which ones will provide you with the best long-term returns.

Studies have proven that adding REITs to a portfolio not only generates higher returns, but also helps reduce risk. That's because REITs generally don’t move in the same direction as the stock or bond markets. As a result, REITs can provide you with an excellent tool to help diversify your portfolio and smooth out your overall returns.

However, this unique asset class offers much more than just diversification, it also offers tremendous returns. REITs have returned a stunning +17% (including dividends and share price appreciation) per year over the last three years, far outpacing the market’s paltry +2.4% annual gains. Although some investors are now concerned that REITs may have seen their best days, the reality is that the sector has delivered above-average returns for decades, and that trend shows no signs of slowing anytime soon.

In this special report, we'll take a closer look at both the rewards and the risks associated with investing in these unique securities. We'll also bring you an in-depth profile of three individual REITs that are poised to deliver market-beating returns in the years ahead.

 
Best Utilities You Can Buy Now
Thanks in part to their government-mandated monopoly status, utilities are some of the most solid and predictable companies on the market. With stable revenues and a track record of returning the bulk of their income back to shareholders, utility companies have also been some of the greatest distributors of dividends for many years. For example, the average utility stock in the Philadelphia Utility Index offers a yield of around 4% -- more than double what is found on the S&P 500.

If you're ready to put a little capital in Wall Street's overlooked millionaire-makers, then this report is the ideal place to start. In it, you'll find an overseas utility that pays an 8% dividend and controls 40% of the most lucrative electricity market in Western Europe. We'll also bring you a closer look at a monopoly water provider with a 7% dividend yield, America's leading provider of wind powered electricity, the largest independent power provider in the booming Chinese market, and several other utilities that offer stable, above-average dividend yields.



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Paul Tracy
Chief Investment Strategist
StreetAuthority.com
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