Just a few weeks ago, we released our newest piece of research -- "The Top 5 Income Stocks for 2012."
These five high-yield stocks represent our favorite income ideas for the new year, and they pay dividend yields of 7.0%... 8.8%... even 11.5%.
But I want to tell you about one of these investments in particular...
For years now we've seen the market rise one day, only to fall the next. Meanwhile, events considered to be "once in a generation" -- credit crises, sovereign debt downgrades and bailouts -- are now happening with surprising frequency.
In short, the market volatility has been unprecedented. But it doesn't take a doctorate degree to notice that. What's surprising, however, is how many dividend payers have not only held up in this environment... but have prospered. (I first told you about this phenomenon a couple of weeks ago.)
This includes one of our finds -- Stock No. 4 of our "Top 5 Income Stocks for 2012." This stock has simply ignored the turmoil.
I doubt you even know this company exists, despite it being vital to your day-to-day life. It owns pipelines, terminals and storage facilities throughout the United States. These infrastructure assets ship and store gasoline, diesel, crude oil and jet fuel. More important, the company has a monopoly on these assets -- no one can simply come and build another pipeline to compete. This means its business is as steady as it gets.
Hussman's Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing Bubbles; Integrity vs. Respect | Mike Shedlock