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3 Great High-Yield Stocks Courtesy Of The Most Important Financial Event Of 1990

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One of the most critical events in the history of finance happened back in 1990. It was the culmination of a transformative two-decade journey that forever changed the way companies are financed. This era also ushered in a golden age of takeovers, fundamentally altering the dynamics of shareholder-company relationships.

I am talking about Michael Milken's creation of the high-yield bond market, Drexel Burnham Lambert's meteoric rise, and the firm's equally spectacular collapse.
It's crucial to recall that when the government orchestrated the downfall of Milken and Drexel, it wasn't just a firm that collapsed. Many pioneers of the junk bond and private equity industry, who had been there from the beginning, suddenly found themselves without a job. However, their resilience and determination in the face of adversity are truly inspiring.

Among these newly idle individuals were former traders, analysts, and investment bankers who had worked with Milken. Several of them, including Josh Harris, Leon Black, Marc Rowan, Tony Ressler, and John Kissick, decided that the end of Drexel was the beginning of a massive opportunity for them to build a new firm and a large fortune.

In this expensive market, if you can dig up value plays, you could have an entire portfolio of winners. I have a dividend portfolio that’s winning 100%... and I just released a new value portfolio that is my best yet. Because you have a chance to get high dividends and huge profits at the same time.