From Grant Wasylik, chief analyst, The Palm Beach Letter: Very few people even know about him, but David manages over a half-billion dollars in his one-of-a-kind fund.

You know who he is if you read our November issue of The Palm Beach Letter.

“David” is the portfolio manager of PBL’s unique—and first-ever—mutual fund recommendation. In fact, he dominates a niche area of the fixed income market.

You see, he’s the only one in the world running this particular strategy. David targets 6-8% returns on an annual basis. And safety is his primary objective—he doesn’t reach for returns. A perfect PBL-type of investment.

So, when he asked me to breakfast a few weeks ago, wanting to update me on his portfolio, of course I accepted.

At breakfast, he reiterated a few things. But, I also got “inside” insight into the portfolio…

 

• 

He buys “money good” securities. That means “as good as money,” or he believes the debt will be paid off in full no matter what the market does.

• 

The fund is currently yielding 7%.

• 

Worried about declining energy prices? David’s fund has only 1.5% in energy. (Compared to the high-yield market index at 15%.)

• 

Duration of investment in David’s fund is only 2-3 years. That translates to very low interest rate risk. That’s because he can “cash in” if he sees rates starting to rise.

And here’s an example of how David makes safe, mid-single-digit income returns:

David owns Alliant Techsystems Inc. 6.875% Senior Notes, due 9/15/20. Part of the fund’s position was purchased this past December. These notes were slated to be retired once the company completed its spinoff and merger with Orbital Sciences.

Sure enough, this deal closed in early February and the notes are officially called for 3/11/15. David and team will make close to a 4.5% return for holding this position in less than three months.

It doesn’t get much better than being able to generate safe, 6-8% returns over the next three volatile years. Especially with preservation of capital being the top priority. As you know, so-called “safe” investments—bank accounts and money markets—are paying almost 0%.

Bottom line: David’s fund is the only investment of its kind in the whole world. It’s giving a stellar yield in this zero-interest-rate environment. And with David’s rigid “money-good” emphasis, it’s almost as secure as cash in the bank. This fund is an absolute no-brainer addition for any safe income portfolio.

Do You Want to Be Teeka Tiwari’s
Right-Hand Man?

We’re hiring—and this is your opportunity to make an immediate, significant impact on our business.

We need someone to join Mega Trends Investing Editor Teeka Tiwari and team. But frankly, this job is going to be hard to fill because it requires a superstar.

First, he/she must understand—and have a love for—all things “investing.” Does the term “free cash flow” make your ears perk up? Does the thought of diving into a company’s quarterly earnings report get you excited? Do you bore friends and family with your opinions on why “CAPE is better than a trailing 12-month P/E”? (If you don’t understand that question, you’re probably not right for this role.)

If so, we want to hear from you. But before you write in, there’s something else we need…

Excellent writing.

It’s one thing to understand investments… it’s another thing to be able to write about them in a clear, compelling way. Your financial brilliance means little unless you can clearly communicate that brilliance to readers who don’t possess your financial understanding.

That means we need someone who’s able to translate complex investing information into simple, interesting writing. As part of the need to write clearly, do you understand structure? Logic? Proof of argument? Context?

If you’ve answered “yes” to all of the above, you might be exactly who we need. Please send us your resume and a cover letter, telling us how you fit these qualifications, here. We can’t wait to hear from you!