Dear Fellow Investor,

Fortunes were lost, investors wept at the retirement that “could have been”, stockbrokers were ruined... and yet I saw what very few people did, and my clients and I not only survived the devastating dot.com crash, we walked away with a fortune—enough for me to retire at the tender age of 34.

And we’re seeing it all over again. The subprime mortgage fallout is pushing some financial institutions to the brink... the dollar is trading at all time lows... oil burst through the $100 a barrel ceiling with ease... and the outlook for jobs is predicted to be worse than the 2000-2002 recession.

So what are most investors doing? The same thing they did in the last recession... fleeing from the market and pushing their money into low interest paying savings accounts.

You can follow the herd and make the same mistakes that many investors made years ago, or you can listen up and take advice from someone who not only lived through that experience, but also made millions in the process.

I firmly believe history repeats itself. Whether it’s the Savings & Loan scandal, the dot.com bust, or the subprime fallout... all of these events have one thing in common... opportunity to make a fortune!

And right now I’m salivating because I remember how many big breaks there were back in 2000 through ‘02... the kinds of chances that helped me and my clients make a fortune without taking unnecessary risks.

Best of all... I’m seeing those same prospects in the marketplace again.

I want to share these opportunities with you but first let me warn you that I’m looking for a special few investors to come on board with me. The investors I’m looking for must want to see their retirement portfolios double, triple and even quadruple in size, so that I can point to them and say: “You see, anyone can get rich by following these simple guidelines.”

Have you ever wondered where the ultra-wealthy invest their millions?

I know. And now I’m going to tell you.

These mega-rich folks don’t waste their money’s time by having it locked up in some mutual fund or go-nowhere stock, and they don’t stuff it under the mattress when the markets go south.

No, the mega-rich get cash today, tomorrow and every month. But not only do they get paid regularly, they also get healthy returns while knowing their money is safe.

Sounds like a tall order doesn’t it?

But that’s what my A-list of clients came to expect from me. This list included Hollywood stars, pro athletes and of course the banks where the rest of us keep our money—as you can imagine, none of them would settle for mediocre returns.

I handled portfolios worth hundreds of millions of dollars, and I increased those portfolios by additional hundreds of millions of dollars in a market just like the one we’re in now.

Before you get the wrong idea, let me reassure you that you don’t need to have millions or even hundreds of thousands of dollars to enjoy the same benefits these mega-rich folks enjoy. In fact, my goal today is to help investors like you increase your wealth.

What I’ll show you is available to any investor with the desire to safely grow their money.

I’m going to show you the bankers secret of how to buy world class bonds that yield 7.8%, 9%, 14% and more... and you can buy these for 25 bucks or less.

Now I know some investors don’t like bonds... but bonds were right for me, my ultra-wealthy clients, and in markets like the one we’re currently in, even Warren Buffett is sinking a fortune into them.

In fact he made the following comment when he appeared on the CNBC show, Squawk Box on March 3rd: the best opportunities right now are in bonds rather than stocks.  

And I couldn’t agree with his statements more. And here are just a few reasons why:

1. They pay you steady cash dividends while you wait for your big windfall.
2. Bonds, chosen carefully, can deliver 6-1 returns in addition to 17% yields.
3. They are amongst the safest investments you can make—perfect for this volatile market environment.

So why don’t we see more investment advice centered on bonds? 

Because most investment advisers don’t understand exactly how they work.

And to many investors, stepping into bonds is more daunting than working with stocks. This is why it’s such an underplayed market.

But now, with me in your corner, you can reap the types of returns that my bond portfolio generated in 2006. That would mean an average return of 25%... outperforming the S&P by 6-1.

Before I ask you to take a closer look at how you can earn double-digit returns, let me tell you a little more about bonds...

Bonds 101

Bonds are securities issued to borrow money from investors. Issuers can be governments or corporations. Governments represent the core of the bond market both in the U.S. and around the world—they borrow to make up for shortfalls or for large-scale projects.

Likewise, corporations that need money to sustain current operations or to expand their capabilities will issue bonds.

A bond is composed of the principal owed and the interest to be paid.  They range in maturities from a few months to many decades, with bills referring to maturities less than one year and notes referring to maturities from one to 10 years. But, whatever the maturity, all can be called bonds.

When a bond is purchased, the buyer is set to receive principal at the maturity and interest (typically in the form of regular coupons) while the bonds are held. Coupons are usually paid once a year, yet some markets including the US Treasuries pay investors semi-annually.

In addition to bonds that pay coupons, there are also bonds that pay interest at maturity. These bonds are referred to as zero-coupon bonds or strips. These bonds cost a fraction of the maturity value with the difference between the purchase and maturity values being your interest.

For the uninitiated, the idea is to simply buy and hold the bond to maturity... but bonds are more. They can provide you with returns that eclipse stocks.

Buying bonds earning interest and selling as the yield falls is the real way to invest and win with bonds, and this is what I helped my clients do... and now I want to help you cash-in on this wealth building strategy.

Another common misconception is that bonds are only for the very old, mega-rich or ultra-conservative investors.

But nothing could be further from the truth. Let me show you what bonds can do for you:

• Provide investment stability to help buffer against the volatility of the stock market—perfect right now!
• Pay a steady stream of income, sometimes tax-free, which can help with living expenses—who doesn’t like receiving regular checks in the mail?
• Provide you with high rates of return to grow your capital—regularly beating the S&P 500.
• Play different roles at different times in your life to help you achieve your financial goals—gives you flexibility to meet your particular needs.

Tapping into the right bonds at the right time will fill your pockets with profits.

For 15 consecutive years I’ve kept well above the Dow. In the post bubble bust of 2000-2002, I earned 20.8% average annual returns. During the same period, the S&P 500’s average annual return was -14.7%.

Just take a look at a small handful of past profits:

Softbank	up 2000%
Banterra Energy Income Trust	up 140%
Brazil Fund	up 171%
Korea Bonds	up 168%
Pacific Century	up 500%
First banks Preferred	up 98%
Central Euro Equity	up 123%
Avenue Group	up 77%
Iceland Zero coupon bonds	up 81%

And right now, just as Warren Buffett has pointed out, bonds are getting ready to hand investors the same big profits as they have done in the past.

The world’s wealthiest people know that it’s in the alternative financial markets—bonds, bond funds and preferred stocks—where they can grow their fortunes, because it’s here they get returns many times greater than the market averages.

Bonds, carefully chosen can deliver 6-1 returns in addition to 17% yields.

Bonds can even rival the growth juggernaut of the 1990’s internet boom... but without the meltdown that followed.

Let me give you a little insight into the type of growth that bonds—a mislabeled “income only” investment—can provide you.

Remember back to March 2001 when the U.S. was still reeling from the stock market meltdown of April 2000. The bears ruled and investors had given back almost $5 trillion in wealth to the markets.

The S&P 500 wound up losing 10.5% that year.

Things got even worse in 2002, plummeting another 23.8% for a two year combined loss of 34.3%. In plain language, this meant that over a third of investors’ portfolios went up in smoke.

Many investors were destroyed in this bloodbath and hope of making their money back seemed impossible.

The average investor had no idea where to begin searching for a panacea to the bear market’s plague. (Does that resemble today’s marketplace?)

But for those of us who knew where to look, there were plenty of opportunities.

For my readers and me, we saw major profit opportunities. Outside the U.S. other economies were flourishing.

Take Iceland for example. Most analysts thought of Iceland only as an inconvenient stopover on the flight to Europe.

But what I saw was how the Icelandic government was ramping up for economic growth.

They were implementing ambitious programs for deficit reduction, tax reform, and freeing up the flow of capital and currency. They encouraged foreign investment and boasted a strong central bank with a focus on containing inflation.

Plus they started a major push toward joining the European Union—which would ultimately lead their currency, the Krona becoming part of the Euro.

But few know how to play this type of information. They’re stuck looking at individual company fundamentals. Few analysts out there would know how to translate these facts into a steady stream of market-beating profits.

My experience in the international bond market scene had equipped me perfectly to jump on this opportunity.

In September 2001 I told my readers to buy bonds in Iceland. And we’ve been up as much as a whopping 81.4%!

Not bad for an “income investment.”

My Strategy, Your Profit

Analyzing the fundamentals for purchasing national, government, municipal and corporate debt is what I do for a living. You could say that at this point in my life, after 20 years of tracking these conditions, my ability to spot a coming economic turnaround has become almost instinctual.

I spend every morning reading the papers (up to 5 a day), tracking the actions of countries and companies, sniffing out which down-in-the-doldrums economies have the right fundamentals for a profit bonanza.

It’s not work; it’s what I do for fun.

And when I see conditions I’m looking for, I pounce. I get paid high-flying dividends as I wait for the rest of the investing world to catch up with me and pay me big bucks for the debt I purchased at rock-bottom prices.

And I want it to be this way for you too...

This is my goal: to give the individual investor access to the same opportunities the institutional players have.

I’m looking for a select few hungry investors to take advantage of my unique skill set. I’ll help you structure your portfolio like my ultra-wealthy clients did back in my banking days.

Now I know some folks wonder if these types of returns are sustainable. They worry about investing in bonds because they feel the prices are too tied to what the government has to say about arbitrary monetary values.

But, as I’ve already shown you, in the right circumstances, in the right regions, there are always huge profits waiting for savvy investors.

And I know how to find them...

To Join The Yield Letter for one year, please click here.

Or for our new convenient quarterly billing click here.

Let me tell you what happened when I became the “man who owned New Zealand.”

Turn your clock back to the 1980’s. New Zealand had fallen into a period of poor fiscal and monetary management—and foreign exchange traders had sent the value of the New Zealand dollar down to 40 cents.

In response to the crisis, New Zealand restructured its government in numerous ways, making each minister personally responsible for specific objectives.

For example, the governor of the bank of New Zealand had to keep inflation under 2%... or face a breach of contract.

By the late 1980’s I saw that these reforms were working according to plan and that the fundamentals were in place for a dramatic recovery. I began buying New Zealand bonds for my bank... a whole boatload of New Zealand government bonds.

Our position grew to several hundred million dollars and at one point I was the single largest holder of debt in that country.

In fact, whenever the New Zealand ambassador traveled to the U.S. he would stop by and have lunch with me... that’s how big our investment was. Talk about feeling like royalty...

When we finally sold our position in 1997, I had created over a billion dollars in new wealth for my bank and its customers.

Of course, New Zealand and Iceland aren’t the only countries or corporations I’ve owned substantial amount of debt in.

Right now my readers and I are invested in a government bond fund run by the "godfather" of international investing that's set to make big gains this year.

His fund has returned more than 70% over the past five years. It’s already up 8.5% so far in 2008 (while the U.S. stock market is down 8.5%) but best of all... it’s currently trading at a 6.5% discount.

And even though it's full of exotic and hard-to-buy bonds yielding up to 13.2%, it's as easy to buy as a share of IBM because it's listed right on the New York Stock Exchange.

Get all the details on this fund, plus an entire portfolio of other recommendations—when you sign up for The Yield Letter.

By subscribing to The Yield Letter you are “hiring” me to help you invest in bonds and other debt instruments favored by ultra-wealthy institutional and individual investors—and you'll be tapping into my wealth of knowledge for a fraction of what major banks used to pay me for the same ideas and advice.

You will also be investing in one of the safest moneymaking vehicles available, PLUS you can look forward to big gains...

Boasting about investment returns goes against my nature. However, I’m proud of helping my clients’ cash and deposit big fat profits. Like this list of recent returns:

• 49% gains on Corp H Yield
• 64% gains in Brazil Bonds
• 87% gains on Dres. Global Strategic Income
• 123% gains on Central Euro Equity

Many of my Yield Letter newsletter subscribers are happily retired. These folks want safe predictable profits, not hype.

So who needs risky investments when you can get safe double-digit distributions plus high appreciation?

Don’t believe everything you hear...

Some financial analysts who don’t know any better have tried to discourage investments into bonds because of the supposed interest rate “determiner” of bond prices.

Let’s look at the facts...

From November 1998 to May 2000 while short-term interest rates climbed from 4.75% to 6.5%, my bonds bucked the “conventional wisdom.” We gained 8.49% on our Korean Bonds... and a huge 61.8% gain on Matthews Asian Growth.

And from May 2000 to July 2004, as interest rates plunged from 6.5% to a record low of 1%, we did even better—earning a 21% gain in First Banks Preferred... 32% gain in Korean Bonds... 52% gain in RCM... 79% gain in Matthews Asian Growth... and a whopping 89.4% gain in SGL.

Then the pendulum swung back and interest rates headed higher again. From June 2004 to January 2006, short-term rates rose from 1.25% to 4.25%. Once again my bonds bucked “conventional wisdom” and gained 9.2%... 11.3%... 11.9%... 24.6%... and 39%.

As you can see, falling rates do make it easier to make money. But in rising interest rate environments, there is still money to be made; I just have to work a little harder to find the bonds and funds that will buck the trend.

The truth is: only an individual country, corporation, or funds fundamentals determine the direction of our investments.

A Private Club for Super Investors

I’ll be the first to admit that my premium newsletter, The Yield Letter, is not for everyone.

We wont be gambling on the resurgence of internet stocks, betting on over-hyped commodities or attempting to buy the latest biotech high-flyer that’s being talked into the stratosphere by self-serving pundits.

Frankly, many of my Yield Letter readers are not interested in following the bond markets that closely. They’re delighted just to collect regular dividend checks from their mailboxes while they relax and enjoy watching their wealth grow.

It’s a lifestyle that’s focused more on golf and watching grandkids grow up than pouring over data feeds.

I’m also aware that to many investors, stepping into bonds is a daunting prospect... but that’s why we’re here. We’ll help you make the right picks from the enormous spectrum of choices.

My income strategies work so that you can focus on what’s important in YOUR life.

Join me by subscribing to The Yield Letter and get the same tools and strategies I’ve used for years to grow my own portfolio.

There has never been a better time to bulletproof your portfolio against the turmoil in the markets with new opportunities I’ve uncovered in bonds and debt instruments. If I were still an investment banker, I’d be putting millions of dollars into these opportunities right now.

And the timing is perfect for you... we’ve just restructured The Yield Letter to make it easier for our readers to keep track of their favorite investments.

We’ve trimmed the menu of available bonds and preferred stocks: The Taxable Portfolio maintains its breakdown of individual bonds; most of the listings trade on exchanges with ample liquidity and have low market minimums.

We’ve narrowed our favored bond funds to include primarily fixed-rate issues from governments and select, high-quality corporations.

We also follow and recommend a collection of preferred shares; preferreds are just another way for corporations to raise debt capital in a tax- and market-efficient manner.

As you look at the portfolio tables, you’ll see the number of recommendations is easy to manage—but we’ll still provide plenty of opportunity for yield and growth in three segments of the bond market.

As for the Tax Free Portfolio, it’s now broken down into two sections. First is the National Funds Section, which includes a core of closed-end funds for investors across the U.S. seeking quality municipal bonds.

The second section is organized on a state-by-state basis. For each state we list favored funds, and for select markets we offer individual picks.

Hire Your Own Million-Dollar Bond Trader Today
For a lot less than you’d expect to pay…

First we need to get you officially on-board. Lets quickly review just what it means to be an exclusive member of The Yield Letter:

• Twice monthly Yield Letter bulletin... delivered immediately to you online so you don’t have to wait for the mail to get in on the latest plays. Each issue of The Yield Letter brings you my best picks on taxable and tax-free debt instruments... bonds & bond funds... foreign, domestic, corporate, municipal bonds... T-Bonds... preferred stocks... and more.
• Portfolios... each issue will give you my new picks plus track, monitor and update all positions.
• Weekly Commentary... here’s where I keep you up-to-date on any new developments in the bond markets and global economy... which economies are down the drain and which are strong enough to be worthy of our hard earned cash.
• Unlimited Web Access... password protected 24/7 access to the subscribers only website—includes archives of all past issues, articles, alerts, special reports and online portfolios.
• Flash Alerts... whenever there’s a new bond to buy, a position to sell, important market events, or other timely news between monthly issues, I’ll send an immediate Flash Alert via email telling you what’s going on and any action you should take.

Now you’re probably thinking that a newsletter that provides you with all these services plus almost guarantees that you’ll grow your financial portfolio is going to cost a fortune... something like comparable newsletters that charge $3000 per year... but you’re wrong.

My publisher has given me the green light to offer you a Risk-Free Subscription to The Yield Letter for only $499!

It’s like having me as your private bond trader for $1.37 a day... that’s less than a cup of coffee at the local convenience store.

Join The Yield Letter

Rock-Solid Iron-Clad 100% Money-Back Guarantee

I’m inviting you to try The Yield Letter with no risk or obligation. If you’re not entirely 100% satisfied with my newsletter or you’re not making enough money from my recommendations in the first three months, just let me know and you’ll receive a 100% refund—no questions asked.

And after three months if you decide you want to cancel... no problem... I’ll refund your entire unused portion of your subscription.

But hold on... there’s something I haven’t told you yet...

As a thank you and welcome gift for coming on board, you’ll receive 7 valuable FREE reports:

7 Ways the Ultra-Rich Are About to Get Paid,
And You Can Too!

I’ve given you a brief glimpse at the kinds of profits my strategies can produce for you and I’m inviting you to subscribe to The Yield Letter and get the same tools and strategies I’ve used for years to grow my own portfolio.

There has never been a better time to invest in bonds and bond funds. Even Warren Buffett agrees. And you can get in with very little money and make your own fortune.

Let me outline just 7 ways the rich are about to get paid... and you can too. These reports are yours to keep with your 90-day risk-free trial to The Yield Letter.

Way to Get Paid #1:

China is grabbing all the headlines today.  But everyone already knows about China’s booming economy, so there are few bargains to be had. 

More opportunity can be found in Asian markets poised for economic recovery but less known to the investment community.  A case in point: Indonesia.

Indonesia’s has a history of troubles dating back before the December 2004 tsunami.  So you might think that Indonesia would be one of the last places to invest your hard-earned capital.  But you’d be wrong.

Why such optimism while the rest of the world mourns?  Because the rest of Indonesia’s story provides confidence that it will soon be regrouping to overcome the challenges and put the country back on the path of prosperity.

The country has benefited from billions of dollars in assistance, even before the tsunami tragedy.  The Indonesian desire for improving the local economy culminated in the recent electoral victory of Susilo Bambang Yudhoyono.

President Yudhoyono is well equipped with the best global education, giving him the tools to lead his country and deal with the power brokers of the rest of the world.  While leadership isn’t everything, it is important if Indonesia’s economy is to be better integrated in the world system.

Another crucial part to the recovery equation is Indonesia’s rock-solid infrastructure and vast resources.  Although much of the coastal infrastructure was damaged in the tsunami, the country’s other areas remain intact and vibrant.  Furthermore, with the money that’s come from around the world, Indonesia can plan and build the ports, roads, airports and other things that a growing economy requires.

In terms of resources, Indonesia is supremely situated.  The country is one of the few Organization of Petroleum Exporting Countries (OPEC) members with vast, untapped, and underdeveloped oil and gas fields.  Even before the tsunami, Yudhoyono had begun to instill confidence in global investors and corporations, including ExxonMobil, to expand their investments.

With the leadership, infrastructure and resources needed to continue its recovery, Indonesia is set to experience one heck of a property boom period.  And so can you through the proper investments.

If I were back at the Mark Twain Bank, I would already have established a sizeable position in Indonesia.  And as a charter The Yield Letter member, you will invest there owning the same bonds I do.

When cash flow from oil and other internal assets move the economy up, it will raise Indonesia’s underlying credit picture. The rating agencies will raise Indonesia’s credit ratings—and more bond buyers will become willing to lend Indonesia money at cheaper interest rates.

This means the bonds we’re buying at basement-level prices today will be worth a pile more.

In my new special report, The Dragon’s Tail: Profiting at the Asian Rim, you get my full recommendations on investing in Indonesia—including the specific Indonesian bonds you should add to your portfolio today. 

Way to Get Paid #2:

Siphoning Money from the Housing Bubble... Even if it Deflates

With constant talk of an overvalued housing market and the real estate bubble bursting, it’s understandable you’d be nervous about buying investment properties right now.

But through my safe, conservative bonds and bond funds, you can still profit handsomely from real estate—without the risk or headache of direct property ownership.

The play for the housing market that I’m recommending to my readers today is one of the most watertight real estate picks out there.

This bond fund invests at least 80% of its assets in Government National Mortgage Association (GNMA or Ginnie Mae) certificates.  The remainder is put into other U.S. government obligations.

It’s no wonder, but impressive and noteworthy nonetheless, that in its 24 years of existence, the fund has had only one down year.  And that was a loss of less than one percent.  With this type of success, it’s not surprising that it’s become one of the largest and most rewarding bond funds out there.

The fund has a duration of just 2.6 years, making it far less rate-sensitive.  Duration is key: it affects how much the price of a security or mutual fund will rise or fall with changing interest rates.  The short duration has paid off for this pick, and will continue to do so, especially in times where interest rates are uncertain or on the move.

And the money it makes—whether it’s through price appreciation or its 4.6% yield—won’t be lost on a high expense ratio: this fund boasts an ultra-low expense of 0.2%.

I urge you to read my new special report, Siphoning Money from the Housing Bubble... Even if It Deflates.  I name the fund inside... and a copy is yours FREE when you accept my offer of a no-risk charter subscription to The Yield Letter.  To download the report immediately:

Way to Get Paid #3:

The Best Recovery Opportunity in Latin America

The key to making money by buying the bonds of foreign nations is to target countries that have been beaten down and are on the verge of economic recovery. 

And in Latin America, that country is Colombia.

For years, investors have been wary of Colombia because of its ongoing civil war. But continued moves toward peace, as well as a resolute (and paying) partner in the U.S., means that Colombia is destined for success.

By becoming a close partner with the U.S., Colombia has brought in billions of dollars in economic and military aid. With that kind of money coming in, it’s no wonder the country has been radically transformed.

This transformation is evidence that the government’s efforts to reduce excess spending, decrease public debt, lower the unemployment rate, and increase exports are working.

Not only has the international community already helped—and then praised—Colombia’s reform efforts, but the country has a firm ally in those powerful and rich international organizations.

Colombia’s former ambassador to the United States, Luis Moreno, heads up the Inter-American Development Bank (IADB), part of the World Bank or International Bank for Reconstruction and Development (IBRD) network.  Mr. Moreno’s new leadership role can only help Colombia—and will certainly provide the country with key assistance, should it falter.

Colombia’s success thus far, as well as the vocal and bountiful U.S. support it has received, has given the Colombian government a lot of credibility with its worldwide partners and financiers. That’s translated into an economic environment primed for profit.

Interest rates and bond yields have notched back a bit, providing huge savings for local businesses and governments. With the improved conditions, foreign investment has been strong and steady, making the country even more attractive to newer investors and domestic entrepreneurs.

With conditions like that, it’s only a matter of time before ratings agencies hop on board, bumping up the country’s ratings and bringing more bond buyers who will lend it more money at cheaper interest rates.  That makes buying bonds now a bargain deal.

My full research recommendations on ways to get paid in Colombia, along with the specific bond I want you to buy, are in my new special report, The Best Recovery Opportunity in Latin America. 

And Two Years Gets You 4 More Ways to Get Paid!

The great news is that just for subscribing to The Yield Letter, you get these 3 priceless reports as a special gift for your charter membership.

Every single one of these reports will start making you money immediately!

But that’s not all.  For those of you who want two years of The Yield Letter at an introductory, charter price, I’ve just put the finishing touches on 4 more FREE reports outlining even more ways to get paid in the bond world.

These reports are only available to two-year charter members of The Yield Letter.  So sign up for two years at our ultra-reduced rate and get a total of 7 FREE reports that will show you how the mega-rich are about to get paid.

You have my ironclad money back guarantee—if you’re not totally 100% satisfied after 90 days, just let me know and I’ll refund your money…no questions asked. And after 90 days I’ll refund the total of your unused portion of your subscription... so go ahead, take the two-year subscription and get all 7 reports free.

And keep in mind... if you do decide to cancel your subscription for whatever reason, you still get to keep all 7 reports. They are yours with my compliments, just to thank you for giving The Yield Letter a try.

Way to Get Paid #4:

Tax-Free Money

Did you ever wonder what well-known wealthy individuals and brokers, like Bill Gross (the “Warren Buffett” of bonds), invest their money in?

You may think growth stocks or hedge funds.  But the truth for many is municipal bond funds.

Gross owns more than 30 municipal bond funds.  And this is one area I’m big on investing in. Why? They offer high yields, and many trade at deep discounts. 

But the big plus of owning municipal funds is: they’re tax-free.

Many yield-chasing investors haven’t been quick to invest in tax-free muni bonds lately—especially with taxes on common stock down to 15% and local and state governments drowning in red ink.  But well-selected individual munis and bond funds are great places to park your spare cash, especially in times of uncertainty.

What some investors don’t realize is that yields are more competitive now than they’ve been for a while. A muni-bond or fund yielding 4.5% produces roughly the same level of after-tax income as a corporate bond that’s yielding 6.3%... or a common stock that’s pushing out 5.5%.

As a The Yield Letter member, you’ll be buying munis that are trading at a discount to their net asset value (NAV). Should the fund trend into premium territory, you’re ripe for earning a big profit.

In my new special report, Tax-Free Money, you’ll get my top 5 picks for the best municipal bond funds to put your money into today... most selling at a nice discount to NAV.

One of my favorite munis trades at a hefty 14.5% discount to NAV, making it a great bargain for your portfolio. And if it moves to a 10% premium like I expect it to, we’ll be sitting on a 24% profit before we account for a dime of yield.

Dishing out a 6.6% yield, the fund boasts a steady record of solid returns, earning 8.6% annualized for the past five years.

On top of that, it has 81% of its portfolio boasting AAA credit ratings.  So it carries little risk and a high degree of stability.

For details on this fund... and your FREE copy of Tax-Free Money... just click here now:

Way to Get Paid #5:

Hybrid Investments: Low Risk Yields

There are more types of insane profit opportunities in the debt world than just bonds.

Recently, a new type of security on the American Stock Exchange (AMEX)—the Income Deposit Security—has been paying off big for those who hold them.

IDS issues are a combination of a common share and a bond. It’s like holding a common share and a bond at the same time... meaning you can rake in profits from the standard dividend that normally comes with a stock and the interest you earn from holding the bond.

When you own IDS’s, you get more exposure to some very good companies that are a bit off the beaten path.  And the yields are big: more than 10%.  But the risks aren’t. Here’s why...

First, only mature and stable companies can become IDS’s. You aren’t going to be banking on some fly-by-night startup to make your bucks.

That’s because a hefty and stable cash flow is necessary to become an IDS.  After all, the company has to pay out those huge dividends.

A second degree of protection against risk is found in the fact that IDS’s trade on the AMEX.  As a result, they’re liquid... and you can exit the investment without problem if need be.

A third form of protection is found in the exact reason why I’m recommending IDS’s to my readers today: they’re part bonds.

If the company completely bites the dust and you’re stuck with your IDS shares, you and other bondholders are first in line to get your money back.

While you don’t have to worry about any of our recommendations being hit like that, it’s nice to know that you’ll get something through the IDS system, as opposed to nothing with common stock shares.

Get your 4 recommendations with yields ranging from 11% to 14%!

In my new special report, Hybrid Investments: Low Risk Yields, I explain how IDS’s work... click here now:

Way to Get Paid #6:

The $1,000 Way to Win with Bonds

Another neat thing you’ll find in The Yield Letter is I typically give you two ways to play most recommendations.

If you’re able to take a larger position, I give you an individual country or corporate bond that lets you profit from the trend we’re tracking—whether it’s the housing bubble or the new bull market in Asia.

But if you want to play it smaller and safer, I also give you a bond fund you can use to make money from the opportunity.

With bond funds, you can play in the same ballpark as the ultra-wealthy institutional and individual investors... even if you don’t have a fortune to invest.

In The $1,000 Way to Win with Bonds, I give you my investment recommendations on two terrific bond funds you can get into for as little as $1,000 each.

The more conservative of the two invests mostly in high-quality municipal securities, maturing on average between 6 and 12 years. It has scored steady returns since the hyperinflation of the 1970s, meaning its battle tested for both up and down markets.

The fund minimizes risk by holding 89.5% of assets in bonds ranked at least AA.  And because its top 10 holdings are only 6.4% of the total portfolio, you’re protected against any blowups in the muni market.

Meanwhile, low duration protects it from quick changes in interest rates.  All of which explains why its worst performance in the past decade was a loss of just 0.5% in 1999.

The fund manager has kept its expenses absurdly low at 0.14%.  These ultra-low fund expenses enable the fund to consistently produce tax-exempt yields at little risk. An average AAA credit rating and low duration ensure that its performance will continue.

With these bond funds, you can get started making profits from The Yield Letter with an initial investment as little as $1,000.  For your FREE report... and 90-day risk-free The Yield Letter trial membership.

Way to Get Paid #7:

The Smartest Way to Profit from the Energy Boom

When looking for the best corporate bonds out there, I begin by identifying a broad economic trend.  And the trend I have my eye on today is energy.

I don’t mean the volatile stuff like oil and gas that’s already run up.  I’m talking about electricity produced by utilities—two of which I highlight in my new special report, The Smartest Way to Profit from the Energy Boom.

One of these companies is a solid Virginia-based electric utility with one of the country’s largest gas transmission and storage systems, a portfolio of unregulated power plants, and thriving oil and gas production.

As such, The Company is more of a diversified energy powerhouse on track for robust growth than a slow-growing utility stereotype. That’s in large part because it distributes electricity to areas where economic and population growth are both happening.

Organic growth, which is a result of both of those factors, is a rarity for most electricity utilities, meaning the business is well positioned to outpace other utilities. It’s that continued growth and increasing investor recognition of the company’s strength that underscores my interest.

The company is also adjusting to reflect the changing times. As the tide changes in favor of nuclear power, this utility will increasingly benefit, as its nuclear arm—which produces low-cost power for sale into competitive markets—is already raking in cash flow and gives it the knowledge to make a more significant move in the future.

And although there’s always a downside risk, don’t forget that corporate bonds offer you better protection against a corporate meltdown than stocks. That’s because, as a bondholder, you get first crack at the company’s assets, while stockholders are often left holding the bag.

The Smartest Way to Profit from the Energy Boom will give you my complete recommendations on this and my other favorite utility bond.  For your FREE copy, just click here now.

Wow... that should get you started on your way to earning double-digit returns in 2008, just like my readers have been doing for the past 6 years.

And don’t forget... you have nothing to risk... you have my 100% money-back guarantee... and you’re under no obligation. If you decide to cancel you’ll keep all the special reports with my compliments, so why not go ahead and give The Yield Letter a try.

I’d love to have the chance to prove to you that select bonds should be the cornerstone of your portfolio for the next five to 10 years. The way I see it, investors are standing on the brink of a bull market surge in bonds that’s going to go through the roof... the question is: will you be along for this big profit ride?

And I’d love to be able to point to your portfolio in the near future and say: “You see, anyone can get rich by following these simple guidelines.”

But wait... let me give you another good reason to act now, while you’re thinking about it...

To accompany your FREE reports, I’ve written a handbook that no bond investor should be without. 

Because I believe so strongly in the information contained in this handbook, it’s available as a quick response bonus to you whether you subscribe to The Yield Letter for one or two years.

This special report, A Banker’s Secret, is exclusively available only to my subscribers. You can’t buy it in a store, and you can’t get it with any other promotion. But I’m giving it away as a FREE gift to thank you for your quick response membership today.

In this report, you’ll discover the heart of my bond trading strategy —much more in depth than I’ve discussed here. I’ll give you all the basics you need to understand the articles in The Yield Letter, and you’ll have the knowledge required to execute the types of trades we’ll be making.

I’ll also supply you with all the information you need to understand how the global bond markets function: what factors affect the prices, what trends we need to look out for, and what determines a good investment.

And just to make sure that you’re completely ready to enter into the world of bonds, I’ll supply you with a list of brokers, many of them personal friends of mine, who will be able to execute all of your bond trades.

All of this absolutely FREE to charter members of The Yield Letter.

So sign up for The Yield Letter today and get A Banker’s Secret plus the 3 ways to get paid if you subscribe for one year and 7 ways to get paid if you subscribe for two years.

That’s a total of up to 8 FREE reports that you can’t buy, much less even find any place else. This is the best risk free offer you’ll find anywhere!

One last thing... I’m absolutely committed to helping you achieve your investment objectives.

Sincerely,

Neil George
Editor, The Yield Letter

P.S. Hot off the press... I’ve just checked the fundamentals on another one of my locally traded income funds—this fund has returned just shy of 100% during the past 5 years—and it’s getting set to make some big moves. Make sure you’re on board—you’ll get the details in The Yield Letter.