As income investors react to the new tax plan, it’s a good bet that some are overreacting to certain aspects of it. They always do. There’s confusion between high yielding fixed income, and pure junk. There’s also a flood of tax-advantaged paper about to hit the market, creating bargains for smart buyers. The result? Yields up to 10%, with some price upside to boot! Bargain #1: “Smart” High-Yield Bond Funds for 7.5%+ If you hold high-yield (often called junk) bonds, you may have noticed they’ve sold off as the Republicans’ tax talk became serious. They’ve taken down other assets, too – some for good reason, some not.… Read more