My Income Portfolio - The Icing On The Cake

  • The way I see it, the best parameter for measuring the quality of high-yield securities is the growth of their NAV. If the NAV grows over time, I do not have to worry about either the costs of fees and leverage or the origin and nature of distributions. Using NAV performance as a selection criterion, I recently expanded my portfolio with the entry of two high-yield securities that I had been following some years ago.