Nicholas Vardy

With the S&P 500 up only 4.91% so far this year, 2014 is turning out to be a snoozer for the U.S. stock market.

But combine a flat-lining stock market with falling interest rates and this year has been a terrific one for income investors

In fact, a handful of income investments in my firm Global Guru Capital's "Double Your Dividends" investment program have already generated 10%+ gains only five months into the year.

And a casual glance at the charts confirms that they've done so with next to no volatility.

Throw in the promise of steady income -- hearing the cash register ring each and every month -- and these income investments in 2014 are as close to the "holy grail" of investing as you'll ever see in the real world.

With that, here are the top-five best performing income investments in the "Double Your Dividends" Investment Program.

Nicholas Vardy

Nicholas Vardy is currently editor of the monthly investment newsletter, The Alpha Investor Letter, which provides longer-term global investments. He also writes two weekly trading services, Triple Digit Trader and Bull Market Alert, which focus on making short-term profits in the hottest markets in the world.