Stop me if you’ve heard this lie before… “Higher rates are going to hurt high yield stocks.” It’s a lazy blanket statement that, for the most part, just isn’t true. And that presents great opportunity for us income investors with a contrarian mindset. We can look past the first-level headlines to the second-level facts – and build a portfolio that will actually outperform after summer’s rate hike. About that hike – it’s not a foregone conclusion, but the “smart money”, or traders who actually place money on the various likelihoods, believe there’s a 53% chance of a boost by late July: Fed Fund Futures Implied Probabilities for July 2016 That’s a big shift from a month... Read more