While income is a high priority in a low interest rate/low inflation world, capital preservation is equally important. This same environment, however, means there are no safe havens and preserving capital is therefore hard to guarantee. Charles describes his "least dirty shirt approach" with a focus on high yield and investment grade allocations where generating income is a happy by-product.
Where to look for capital preservation?
While income is a high priority in a low interest rate/low inflation world, capital preservation is equally important. This same environment, however, means there are no safe havens and preserving capital is therefore hard to guarantee. Charles describes his "least dirty shirt approach" with a focus on high yield and investment grade allocations where generating…