“Amen!” cried Goodman Brown. “Say thy prayers, dear Faith, and go to bed at dusk, and no harm will come to thee.”
—Nathaniel Hawthorne, “Young Goodman Brown”
If you’ve picked up a book about investing for income, I probably don’t have to convince you that it’s an important strategy or that income generation is likely to be a key part of investment returns for the foreseeable future. But coaxing income from your investment portfolio is easier said than done. There are a number of serious pitfalls and issues involved in any income strategy, and we’ll explore them in depth as this book goes on.
Investing for income is not a new concept. John D. Rockefeller, famous philanthropist and founder of Standard Oil, reportedly said, ...