Description
Book SynopsisThe proven, all-weather investing strategy that delivers long-term, consistent returns
The most common investing approach todayâone that values âœgrowthâ over all elseâ can be ineffective and counterproductive for many investors, not to mention needlessly stressful.
Now, one of Seeking Alphaâs most popular writers, Steven Bavaria, provides a groundbreaking alternative that will see you through all marketsâup, down, and sideways. The Income Factory shows how to build an income stream that increases solidly and consistentlyâa result of re-investing and compounding the dividends. And the best part? This income stream actually grows faster during market downturns than during flat or rising market periods.
The Income Factory sheds light on:
â Why âœhigh-yieldâ doesnât have to mean âœhigh-riskâ
â How credit investments perform more predictably than equity investments
â Why âœjunkâ is a misnomerâand why hig
Table of Contents
Acknowledgments
Introduction: Wealth Without the Drama
1 How to Use This Book
2 Why Do We Invest? What Makes Us Wealthy?
3 How Mr. Market Captures Value
4 Income Factory: The Math, the Risks, and the Choices
5 What Sort of Income Factory Is Right for You?
6 Building Our Factory
7 Income Factory Model Portfolios
8 “Stretching” for Yield
9 Variations on the Theme
10 The Taxonomy of Risk and Reward
11 Bonds, Interest Rates, and Credit Risk
12 Senior Loans (High-Yield Bonds with Benefits)
13 Virtual Banks (aka “CLOs”)
14 From Benjamin Graham to the Income Factory
Appendix: Financial Innovation—A Case Study
Index
