Highest yielding shares not the best for income generation
With the 30-year bull market in bonds coming to an end investors are increasingly looking for other options to generate income. One of these is the use of high-yielding shares in a portfolio.
Harbour Asset Management chief executive Andrew Bascand told the most recent SiFA conference that when selecting appropriate shares for income that the highest yielding stocks aren't necessarily the best ones to use.
He says it is important to focus on growth prospects of a stock as well as its yield.
He says investors looking to diversify out of traditional sources of income shouldn't jump into the "highest octane" yielding shares as they have the most volatility.
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