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 Gordon Pape is a well known investing and personal finance guru and author, 2009
 Gordon Pape is a well known investing and personal finance guru and author, 2009
(Tory Zimmerman/The Globe and Mail)

This high-yield portfolio has returned more than 14% annually

In March 2012, I created a high-yield portfolio for readers of my Income Investor newsletter. At the time I stressed that it was designed for investors who were willing to live with a higher level of risk in exchange for above-average cash flow. With one exception (Sun Life) the components of the portfolio are small to mid-size companies. Two are income trusts, four are former trusts, one is a U.S. stock, and one is an Irish-based ADR that trades in New York.