About this item
With the bursting of the stock market bubble, and after 13 rate cuts by the Federal Reserve, yields on CDs and Money Market funds tread at historic lows—a negative return after inflation. With smaller savings coupled with lower returns on what savings remain, retirees and others living on fixed-income investments watch in horror as their income checks shrink with each passing month. However, there are investments that still earn a significant rate of return—and do so reliably and consistently. These fixed-income securities include bonds, real estate investment trusts, preferred stocks, and emerging market debt, among others. As 70 million Americans reach retirement age in the next 15 years, fixed-income investing will become a sociologically inevitable megatrend.
About the Author
Ben Stein (Los Angeles, CA) is a respected economist who is known to many as a movie and television personality, but has worked more in personal and corporate finance than anywhere else. He has written about finance for Barron's, the Wall Street Journal, the New York Times, and Fortune; was one of the chief busters of the junk-bond frauds of the 1980s; has been a longtime critic of corporate executives' self-dealing; and has cowritten eight finance books. Stein travels the country speaking about finance in both serious and humorous ways, and is a regular contributor to CBS's Sunday Morning, CNN, and Fox News. He was the 2009 winner of the Malcolm Forbes Award for Excellence in Financial Journalism.
