Beyond Stocks: The Allure and Strategy of Credit Investments

Why investing in non-investment grade bonds, leveraged loans, and preferred stocks is potentially more compelling than investing in common stocks at present. Topics covered include:Why Howard Marks told institutional clients to sell stocks and buy high-yield bonds insteadThe contractual agreements comprising bonds, leveraged loans, and preferred stock give them an advantage relative to common stocksHow preferred equity exhibits attributes of both bonds and common stocksWhat is the expected return and risks for high-yield bonds, leveraged loans, and preferred stockHow do we invest in these three asset types Sponsors Delete Me - Use code David20 to get 20% off- To get 20% off Delete Me go tohttps://joindeleteme.com/david20 and use Code David20 Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code Show Notes Sea Change - Memo by Howard Marks Further Thoughts on Sea Change - Memo by Howard Marks Investments Mentioned SPDR Bloomberg High Yield Bond ETF (JNK) iShares iBoxx High Yield Corporate Bond ETF (HYG) Invesco Senior Loan ETF (BKLN) iShares Preferred Stock ETF (PFF) Virtus Seix Senior Loan ETF (SEIX) DoubleLine Flexible Income Fund (DFLEX) BlackRock Debt Strategies Fund (DSU) Barings Corporate Investors Fund (MCI) Related Content 397: How to Invest Based on Cycles 451: How Much Should You Invest in Stocks? The Art of Position Sizing in a Volatile Market 423: A “Safe” 6% Yield: The Case for Investment Grade CLOs How to Invest in Closed-End Funds Money for the Rest of Us Closed-End Fund Course See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.