---
title: "Income Security"
url: https://independentstockanalysis.com/income-security/
description: "Obtaining meaningful income from investment capital is challenging. First, operational risk is large in equity investments ( Ycharts ). Secondly, interest…"
published: 2012-10-25
updated: 2012-10-25
---

# Income Security

Published 2012-10-25

Posted on

by

J.J. Butler

Obtaining meaningful income from investment capital is challenging. First, operational risk is large in equity investments ([Ycharts](http://ycharts.com/analysis/story/guess_whos_paying_a_dividend_that_yields_11__and_can_it_last?utm_medium=email&utm_campaign=YCharts+Analysis+Digest+MSFT+GOOG+IBM+CVX+RDSA+PFE+WFC+JPM+-+Non-Pro+-+DIGEST&utm_content=YCharts+Analysis+Digest+MSFT+GOOG+IBM+CVX+RDSA+PFE+WFC+JPM+-+Non-Pro+-+DIGEST+CID_b94469755cfd6d72ee4cf35b6de18ea0&utm_source=email&utm_term=Guess%20Whos%20Paying%20a%20Dividend%20That%20Yields%2011%20--%20and%20Can%20it%20Last)). Secondly, interest rate risk is huge ([Peter Brandt](http://stocktwits.com/message/10192856)).

Over extended periods of time, yield on cost is a powerful concept: [Dividend Opportunities](http://static.cdn-seekingalpha.com/uploads/2012/10/24/166130-13510879376526284-Paul-Price_origin.com). Are High-Yield Stocks in Bubble Territory? [Joseph Paul](http://blog.alliancebernstein.com/index.php/2012/10/17/are-high-yield-stocks-in-bubble-territory/)

Dividend growth investing continues to be a meme. Why Yum Stock Gets the Benefit of a Doubt, and McDonald’s Doesn’t at [Ycharts](http://ycharts.com/analysis/story/why_yum_stock_gets_the_benefit_of_a_doubt_and_mcdonalds_doesnt?utm_medium=email&utm_campaign=YCharts+Analysis+Digest+AAPL+MSFT+GOOG+PG+WFC+JPM+C+BAC+-+Non-Pro+-+DIGEST&utm_content=YCharts+Analysis+Digest+AAPL+MSFT+GOOG+PG+WFC+JPM+C+BAC+-+Non-Pro+-+DIGEST+CID_9a1315bc1328604c8272bc9679762b8b&utm_source=email&utm_term=Why%20Yum%20Stock%20Gets%20the%20Benefit%20of%20a%20Doubt%20and%20McDonalds%20Doesnt). 3 Stocks Yielding More than 5% That Recently Raised their Dividends at [Dividend Growth](http://www.dividend-growth-stocks.com/2012/10/3-stocks-yielding-more-than-5-that.html).

Mortgage REITS have been quite *popular:* [Inside Investing](http://blogs.cfainstitute.org/insideinvesting/2012/10/22/mortgage-reits-does-doubling-the-leverage-make-them-a-good-investment/). Mortgage REITs pressured from both sides ([Sober Look](http://soberlook.com/2012/10/mortgage-reits-pressured-from-both-sides.html) and [NLY](http://www.beatingbuffett.com/?p=4292)). Yet banks are set to prosper in their stead? [Daily Wealth](http://www.dailywealth.com/2242/One-of-the-Best-Trades-of-the-Next-Two-Years)

MLP’s: [RBN Energy](http://www.rbnenergy.com/masters-of-the-midstream%E2%80%93why-mlps-own-so-much-midstream-infrastructure).

Important stuff: 5 Things I Learned About Dividends From PIMCO at the [Reformed Broker](http://www.thereformedbroker.com/2012/10/17/5-things-i-learned-about-dividends-from-pimco/).