A shock admission from MoneyWeek commentator Stephen Bland:

"I haven't got a clue where
the FTSE is going... and I couldn't care less!"

(But I know a proven way you could
make money from the markets
for the rest of your life.)   

   
Ignorance. It doesn't sound like a good starting point for a winning stock market strategy does it?

But renowned defensive investor Stephen Bland has used it to create an investment strategy - called 'HYP' - that could line your pockets for the rest of your life.
   

"I don't care if you're talking about a falling dollar, a falling stock market, or a recession... [this strategy] can conquer them all."  The Market Oracle

   
Read on and discover:

• Why the 'HYP' strategy is so devastatingly effective - in good times and bad
• How you could use it to WIN BIG TWICE with every share you buy
• Why no IFA or fund manager wants you to read any of the information in these pages
• And why this could be the 'lowest stress' way of making serious money ever!

Dear Investor,

I used to get stressed about the future of the markets.

But I don't get stressed any more...

These days I don't give a second thought about what's going to happen to the FTSE in six months, a year or even five years' time. There's just no point. I've accepted I haven't got a crystal ball that lets me see the future. No one has (even if most 'experts' won't admit it!).

But that doesn't mean I've given up on equities. No way.

You see, I know it's pointless to try to predict when the 'next big thing' will take off, or when last year's big thing will start costing you money.

But there is a way of investing that almost guarantees you'll earn a substantial income from the markets - no matter how messy the FTSE gets.

This strategy is unique. It's proven. And it's almost certain to make you money. In fact, history has shown that in many cases it will turn every share in your portfolio into a winner TWICE over.

But not every investor is cut out to profit from it. In fact, to make it work for YOU, you must possess qualities that many professional investors lack.

And, most important of all, you can't believe in crystal balls...
   

A stunning opportunity for the
smart 'Big Picture' Investor

I'll be frank.

If you're looking for investments that will set your heart racing, you shouldn't bother reading any further. Interesting and glamorous investments are almost never the most profitable ones, as you'll see shortly.

Also, if the recent market gyrations have you spooked...if you're simply looking to cut your losses and stay away from stocks until the press says everything is rosy again...if you're looking to retire rich by the end of this year or the next.... the 'HYP' strategy isn't for you.

Instead, what I'm about to show you is for wealth-builders who want to be able to afford the finer things in life in 10, 20 or even 30 years' time.

This strategy isn't without risks. Investing in shares is risky - in any market. It always will be.

But if want to keep your chips in play... and you're after a smart approach to the market... you've just found it:

I'll tell you this right now...

After more than three decades in the financial industry, I can say without hesitation this is the most effective strategy I know for keeping your financial and retirement plans ticking over - even during market corrections.

So what's this all about?

How come this strategy has been proven to work so well? Why does your Independent Financial Adviser's livelihood depend on you never finding out about it? Why do brokers and fund managers want you to stop reading right now?

And how can YOU start employing this tactic today?

The answers are right here in this letter.

I've spent the last seven years researching what I now believe is amongst the best ways  to grow and protect your wealth over the long-term in shares.

Let me show you what I've discovered...
   

Time to Start GETTING PAID   

My name is Stephen Bland. I’ve been immersed in investment for over 30 years now. 

I’ve worked in the City trading shares in a junior role under investment legend Jim Slater. I spent 25 years running my own successful accountancy practice. And for 9 years I work as a freelance commentator for the popular financial website, Motley Fool.

In that time I’ve lost count of the number of times people have asked me about the very best way to build wealth that will last for the long run.

And my answer has always been:

Buy shares that regularly PAY YOU to invest - that is, those that pay good dividends.

(As you'll know, dividends are payments that companies make to shareholders from a portion of their earnings.)

I guess people expect a racier answer from a guy who started out in the City and traded value shares.

But getting paid to own a share is a great idea.

Here’s why...

“Dividends are always king, whatever the prevailing market climate.”

Sit back and watch the pay cheques come in

Investment legend and author of Stocks for the Long Run, Professor Jeremy Siegel, calls dividend-paying stocks “bear market protectors.”

It’s easy to see why.

Good dividend payers are likely to be less volatile because, since the companies pay out cash, investors are more willing to hold high yielding shares through bear markets.

Hence, they don't tend to fall as far as quickly as low yield shares during the lean times, though of course there can't be any guarantee that share prices won't fall.

Put simply, shares that have income streams attached tend to be treated better... especially when people are uncertain.

That's why high yield shares tend to outperform low yielders by even more in down markets than they do in up markets.

Also, if interest rates go down - as often happens in recession - the prices of high yield shares tend to go up... because dividends attract yield-hungry buyers.

Study after study shows high yielders outperform during the long term whatever the markets.

According to Morningstar research, the Standard & Poor's 500 Index lost 9% in the bear market after the dotcom bubble... while dividend-oriented funds gained anywhere from 10% to 30%.

And there's another 'bear market bonus' to dividend-payers.

"Historically, mature dividend paying companies have tended to experience far less dramatic share price falls in bear markets than smaller growth companies, and therefore tend to be a popular choice when markets are not performing well." TD Waterhouse Paper, Dividends Dissected

As Money Matters reports: "If you consistently reinvest your dividends during down markets, you can substantially expand your asset base... which puts you way ahead of the game when markets recover and stock prices soar - as they always eventually do."

Companies that add shareholders to their "payrolls" are good shares to own right now - period.

But in general it's best to forget about talk of recession or predictions of any kind. The time to invest is now and it is always now for long term high yield investors.

But that's not to say dividend-payers don't perform when times are good...
   

"Do you know the only thing in life that gives me pleasure? It's to see my dividends coming in."

So said John D Rockefeller - and while it may reflect a rather narrow view of life, it highlights something very important:

The crucial role dividends play when it comes to profitable investing.

Rockefeller became the world's richest man... the first US Dollar billionaire.

It didn't happen by accident.

The undeniable truth is - dividends deliver...

1. HIGH YIELDERS provide a decent initial income and then crucially, an increasing income over the long-term. Dividend income isn't guaranteed - sometimes a company will cut its dividends or not pay a dividend at all. But, over the long term, average dividends tend to increase. According to the annual Barclays Equity Gilt Study overall dividend yields have expanded an average of 6%-7% every year in the UK since 1945.

2. HIGH YIELDERS provide proven capital growth over the long term. The biggest misconception about high yielding shares is that you're sacrificing growth for a growing income. But in reality it's just the opposite...

"For more than two decades," reports The New York Times, "Dividend payers... have generally done a better job than other companies when it comes to enriching their shareholders."

Yes, a dividend stock can get hit in a bear market just like any other. But according to Standard & Poor's, dividend payers returned nearly three percentage points more per year than non-payers from 1980 to 2002.

Sure, there are times like the manic 1990's when investors flock to non-payers. But when you ride through the years of bull and bear markets, dividend stocks have a historically proven edge.

3. HIGH YIELDERS for tax-efficient investing. The Treasury is kind to those who receive dividend income because if you are a basic rate taxpayer no tax is due on nearly all UK dividends. Effectively if you are a basic rate taxpayer you will not pay any tax on your dividend income (because the company that pays you the dividend has already paid tax on its profits).  And if you are a higher rate taxpayer you effectively pay just 22.5% - much lower than the 40% you would pay if you got interest or rents.

And, as far as planning for a wealthy retirement goes, I've saved the best till last...

4. HIGH YIELDERS offer supercharged saving. If you don't require the income just yet, reinvestment of dividends is almost like owning your own money printing press!

Almost every real-world and academic study proves that reinvesting dividends is the best way for you to grow your wealth over time - with much lower risk than if you were trading shares for in-and-out profits.

Dividend income makes up the lion's share of total returns according to the 2007 Barclays Equity Gilt Study. £100 invested in equities at the end of 1899 would be worth just £213 in real terms today without the reinvestment of dividend income. With reinvestment the portfolio would have grown to £25,022! Starting with £100 in 1945, the respective figures are £302 and £4,531.

It's an undeniable trend reflected the world over, as you can see in the chart below...

In the United States, the Wharton School of Business found that from 1871 to 2003, only 3% of the market's return came from capital gains, while the remaining 97% came from reinvesting dividends!

Put all of the above together - outperformance compared to other stocks during bear markets, regular income, steady long-term growth, historical outperformance and tax savings - and you have the recipe for the perfect long-term retirement investment.

Of course, you won't hear this from many other sources...
   

Why 'Divvies' Get Disregarded

You won’t, for example, find many tipsheets singing the praises of dividends.

Many prefer to help you chase after large (and in some cases unrealistic) growth stock gains. Sometimes you'll land a big return... but often it comes at the expense of two or three big losses.

And you'll very rarely see dividends grabbing the headlines in the financial press.

Most pundits think dividend payers are stodgy, conservative companies in mature industries that can't possibly interest readers. Dividends just aren't 'sexy' enough to sell newspapers.

Well...

They can care all they like about 'sexy' investment ideas.

Personally, I care about one thing only...

GETTING PAID!

Frankly, it ASTOUNDS me how little attention high yield investing gets from almost every corner of the industry. Not just as a method for generating a retirement income... not just as a great way to weather a bear market... but as an ultra-effective investment strategy full stop!

I've decided that right now is the best time to do something about it...

So in March 2008 I launched a brand new wealth-building advisory called The Dividend Letter.

I can guarantee it's like no investment newsletter you've ever seen.

Here's why...
   

Introducing the Investment Newsletter that Shows
You How to GET RICH SLOWLY    

The aim of The Dividend Letter is a simple one:

To help you build a portfolio of high yield shares that will provide a stream of income for life...

Enjoy decent initial income and proven capital growth

You'll do this by making income your primary goal. Long term capital growth is secondary but if it occurs will be the icing on the cake. (In fact, as you'll see in a moment, this strategy has the potential to outperform the wider market in growth terms.)

Most importantly, you'll be doing it all independently.

You won't be forking out slices of your wealth to IFAs, fund managers or insurance companies.

So is The Dividend Letter for you?

Before you decide, there are a few things you need to know:

• You WON'T be 'trading' shares. It's a simple strategy - buy stocks and never sell them (unless you're forced to). In my view - despite what most "tipsters" will tell you - buying shares with the sole aim of selling at a higher price often ends in tears.

As I've said, all stock market investing has risk attached to it - even investing for dividends. But I believe trying to 'trade' your profits entails an unacceptable amount of risk. In fact, as a wealth-building strategy, it's fundamentally flawed. Because no one can realistically predict what an individual stock will sell for in 1, 5 or 20 years time.

Warren Buffett describes his preferred holding strategy as forever. The same goes for The Dividend Letter . We're looking for a portfolio with a high and long term rising income first, a rising share price second. As long as a holding is solvent, growing and committed to rewarding investors with cash - the share price is almost unimportant! But there is a very good chance that if very long term the rising income objective is attained, the capital value will rise also.

• This means holding shares even if they soar 250%. It also means hanging onto your holdings if the wider market panics - as has been seen recently.

Avoiding trading will save you a good deal of money in terms of brokerage fees and stamp duty.  That's why brokers can't stand high yield investing. But if you can't stand to see the paper value of a stock drop from time to time - this isn't for you. (Although I'd suggest that if the thought of an investment falling gives you the shivers - you shouldn't own shares full stop!)

Sitting on your hands requires a bit of discipline and, above all, courage - particularly if prices are taking a hammering. But, as I showed you earlier, this strategy is HISTORICALLY PROVEN to outperform the market over the long term.  
   

• You WON'T hear about "The Next Big Thing". You won't be "tipped off" on the next pharma small cap with a revolutionary new drug... or the AIM-listed oil explorer that's supposedly just discovered a million untapped barrels.

While most tipsheets are constantly trying to find hot "new" ideas, I've spent the last 2 years making sure the ideas I've been giving since March 2009 in The Dividend Letter are the very best ones - the type of investments that have been making smart investors more money for the majority of the last two centuries than any other investments out there.

Like I said before: Make sure you get paid.

It seems like such a sensible rule - crucial really - and yet, it amazes me how so many investors willingly ignore it... and gladly sink thousands of pounds into regular shares that pay them very little in return.

The Worrying Facts about Retirement Income In 1956, a 65-year-old man could, on average, expect to live for another 12 years. In 2015 he's likely to live to around 90, according to the latest Continuous Mortality Investigation (CMI). That's an additional 13 years. But longer life means that the odds are now stacked against even the most diligent savers and investors... Annuities rates, which guarantee you an income for life, are set to plummet. And they're already not that great. A 65-year-old woman retiring last year with a £100,000 pension pot had an average annuity on offer to her of just £350 per month. The Sunday Times reports "advisers calculate that a 10% increase in life expectancy is likely to lead to a 7% cut in annuity rates." Final salary schemes are dying out as companies struggle to support longer-living employees. A 2007 survey found only 31% of final salary schemes were open to new members. Equity release is a solution that just won't work for many. Your home would need to be worth £1m to fund a £20,000-a-year retirement, a study by In Retirement Services reveals. Halifax estimates only 89,000 homes are over £1m... but that 3 million homeowners are planning to borrow against their homes to fund their retirement! Gilts, National Savings Certificates and fixed rate bonds will pay you 4% to 7% a year... gains that barely beat inflation even before tax... and often require sums of up to £50,000 being locked away for years. Those kinds of returns hardly count as an income at all in my books. In fact, they're just the opposite - your money's tied up, but you're basically just treading water. Here's what I say to all of the above: Thanks but no thanks. If you agree, then I urge you to take a trial subscription of The Dividend Letter. To do so, go straight to the end of this letter and click on the link.

Anchoring your strategy solely to prices is a dangerous game - as many investors have discovered over the last year or so.

Instead of holding onto shares and waiting for the "big payday" (a day that may never come), I suggest you try a different approach.

Get paid for your investments instead - and start collecting that regular income.

If that sounds like a much better idea, then I urge you to try The Dividend Letter today.

I've arranged a way for you to try it out for 30 days without risking a penny in subscription fees.

You'll see how to get onboard in a second.

First, let me show you how The Dividend Letter works...
   

The Strategy in Action - Income

OK, some quick background for you.

I brought my high yield idea to the popular personal finance website The Motley Fool UK for whom I'd been writing since 1999 on value investing and other matters. After outlining the strategy, I launched the actual 'High Yield Portfolio' in November 2000, my first demo portfolio known as HYP1.

If you've visited the site before, there's a good chance you've read my articles. My tipsheet, Value Investor, which covered both value share trading and high yield portfolios, had over 3,000 subscribers at its peak.

HYP1 was a bit of an experiment to track the performance of high-yield first-hand and in real market conditions.

The results were impressive. And that convinced me to launch The Dividend Letter newsletter in March 2008 starting a new portfolio called Dividend Letter Portfolio 1 (DLP1).

One important thing to keep in mind before I continue:

What follows is just to give you an indication of how my strategy worked in 2000 and the following eight year period. It's past performance, and as we all know, past performance isn't a reliable indicator of future results. In any case, The Dividend Letter is intended to be a long term strategy... implemented over a much longer period.

So… in 2000 I started a portfolio of 15 carefully selected, high-yield stocks – each with £5,000 invested from the outset – a total of £75,000.

My primary goal was to provide substantial and rising income.

As you can see in the chart below, the HYP certainly delivered...   

You WON'T be 'taking profits' or 'cutting losses'. Our aim is clear: to grow an income that you can spend as you like - on living expenses, on luxuries, or reinvestment in your portfolio.Many prefer to help you chase after large (and in some cases unrealistic) growth stock gains. Sometimes you'll land a big return... but often it comes at the expense of two or three big losses.

The HYP1 portfolio has already yielded £33,683 in dividends

In the first nine years of the HYP strategy, the original £75,000 investment yielded £33,683 in dividends.

You'll notice the dividend income doesn't rise every year. In fact, in 2003 it fell compared with the previous year and remained below the first year's income for that and the next year. In 2009 dividend income took another hit and fell below the first year's income.

For various reasons, companies can cut back on dividends, or decide not to pay one at all. That is one of the risks of this strategy that you need to bear in mind.

However not all the companies I selected cut back - if you select the shares well and have a sector diversified portfolio it's highly unlikely they all would.

In fact, the opposite is true...

As I've said, studies show overall dividend yields have expanded an average of 6%-7% every year in the UK for over 50 years.

Even in its early stages, this portfolio reflects that.

But that's not to say you'll see your income grow at this rate every year. Some years it will be much more. Others it will be less, or even negative.

This is what I'm talking about when I say this is a 'holding strategy' that requires a bit of discipline.

You need to keep your nerve even if income dips for a year.

But you need to remember that - despite fluctuations - the pattern is that dividend income rises over the long-term.

When you consider this HYP1 portfolio covers just eight years... and you'll be hanging onto a portfolio like this one for 10, 20, 30, even 50 years - that's an enticing prospect indeed.

It’s still early days of course but it has already begun to deliver in a similar fashion to the HYP. Since March 2008 I have recommended 22 high-yield shares. And those shares have delivered a 4.3% average return.

Income from The Dividend Letter
	Dividend Yield %	Dividend Income £ *
Year 1: Mar 08 - Feb 09	3.6%	£2,700*
Overall: Mar 08 - Jan 10	4.3%	£3,225*

* these figures are based on an investment of £75,000 spread evenly between the shares in the portfolio as at the dates above

But there's more...
   

The Strategy in Action - Capital Growth   

Remember - this is primarily an income strategy.

In a way, short-term fluctuations of the underlying capital are meaningless.

But know this...

Chasing income does NOT mean growth goes out the window. No way.

I’ve just shown you evidence that points to high yielders outperforming the markets over the long-term in terms of share price gains.

Now take a look at the performance of my own high yield portfolio:

The HYP was running for 9 complete years (Nov 2000 to Nov 2009). Overall the capital value of the HYP portfolio increased by 30.0%, compared to a 15.6% drop in the value of the FTSE 100.

Which means…

My HYP strategy has outperformed the FTSE 100 by 45.6%!

As you know the FTSE took quite a hit in 2008 and so did my high-yield portfolio (HYP1).

The same applies with my new Dividend Letter Portfolio. As you can see below DLP has suffered big losses in its first 12 months. But I’m not worried at all. Because HYP shares are proven to bounce back over the long-term. So when the markets improve so should the capital performance of the Dividend Letter portfolio.

In fact, the capital growth from when the service started in March 2008 until January 2010 is 16.5% - outperforming the FTSE 100 by 19.8%!

But of course you need to remember that these figures refer to the past and past performance is not a reliable indicator of future results.

Capital Growth from The Dividend Letter portfolio (Against the FTSE100)
	FTSE Change%	DLP Change% *
Year 1: Mar 08 - Feb 09	(31.3%)	(19.2%)
Overall: Mar 08 - Jan 10	(3.3%)	16.5%

* please note that the shares from The Dividend Letter portfolio
are accrued over the stated dates on a monthly basis

I will also stress one more time - capital growth is secondary.

Really, we don't even care if we're beating the market or not... because we're in this game for the INCOME.

And the best part of the 'HYP' strategy is that you don't need to do anything!

It's a hands-off, no-trading strategy where you let the market do all the work for you.

Of course, you need to know which high yielders to own in the first place.

And that's where The Dividend Letter comes in...
   

Create Your Own High Income Portfolio'
- Starting NOW!   

The Five 'S Rules' for Building a Thriving High-Yield Portfolio Obviously there's not enough space in this letter to go over all my selection principles for building an "infinite income" portfolio. But here are five golden rules that underpin my criteria: Stick to the big fish: First and foremost, candidates need to be 'large caps' - companies in the FTSE 350. The reason is simple: security. It's not rocket science... we're in this long-term, and large caps have more chance of outliving small caps. Solid History: This is where the leg-work comes in. I pore over the data to see if there's an increasing dividend history for as far back as I find records. The idea is to locate shares that have a proven history of delivering income growth even in years when profits may fall temporarily. Steer Clear of Debt: Financial problems start with too much debt, so you can avoid the problem by preferring low-debt companies if possible. I look at the gearing ratio, which is the debts divided by shareholders' equity (book value). It's a good all purpose debt measure. (Note: this rule doesn't apply to banks, which are high debt by definition.) Sector Diversification: Critical. If your portfolio is to weather even the toughest storms over the years, your risk must be evenly spread. That's why I won't just be looking at shares offering the highest yield... but for stocks in sectors that balance your "infinite income portfolio" to minimise risk in all markets. 'Strategic Ignorance': As I stressed at the start, I don't take the slightest notice of any perceived long-term trends that many consider important in share selection. I studiously ignore anything which tries to inform me of a stock's long-term future. Why? Because NOBODY can forecast the future! I don't 'futurise'. Instead I concentrate on what you CAN know: which is all of the above.

Not all high yield shares are created equal.

Some companies pay out a dividend to mask deeper problems.

Others have dividend yields that look great on paper but, when you do some digging, aren't sustainable over the long-term.

Some are in sectors that may be vulnerable in the current market.

When considering a share, I first ask: is its dividend safe - can I rely on this dividend through a wide variety of business conditions? And if it is reliable, how fast will the dividend grow?

Take a look to the right and you'll see some of the rigorous criteria I put each high-yielding stock through before I even think about buying it.

It's these criteria I'll be using to select stocks for you, if you take me up on my 60 day offer to trial The Dividend Letter with a subscription-back guarantee.

Here's how it will work if you join today. . .

Each month, you'll receive just one high yield share stock recommendation.

No more.

Unlike other newsletters that fire tips at you like machine gun bullets, our focus is quality not quantity.

But you can rest assured I've considered that recommended company's financials... and that I'm absolutely convinced that this is the best high yielder in its sector.

From there, we'll go about constructing a diversified "eternity portfolio" of 15-20 high-yield shares.

Diversification across all sectors is key, in order to minimise risk over time. I believe no more than 15-20 shares are needed to achieve this.

Once a cycle is complete, we'll simply close the portfolio, leave it to work its magic, and start another!

Simple, right?

The best investment ideas always are.

Buy and hold forever. Do not be tempted to meddle. Don't be swayed by press comment or market sentiment. Don't fret about fluctuations in the underlying capital.

Just sit back, and wait for the money to flow in.

As well as helping you build your income portfolio - block by carefully-selected block - The Dividend Letter will also show you how to make the most of it.

Matters such as... why diversification is crucial... how to keep your discipline during tough times... what to do in special circumstances, like takeovers or share buybacks... how to reinvest dividends for supercharged returns... plus you'll get insights into current market events from a high-yield perspective.

Put simply, this is the most sensible strategy for wealth accumulation through shares of which I am aware.

And there's never been a better time to put it to use it because I believe the best time is always now.
   

2010 Could Be a Dividend
Investor's Paradise!   

The Only 3 Reasons You Shouldn't Subscribe to The Dividend Letter... The Dividend Letter isn't your usual investment newsletter. We won't be chasing 'in-and-out' growth plays. In fact, we won't be trading shares at all. So, if you're an adrenaline-junky looking for the excitement of selling for a big gain, this opportunity may not be for you. This is about long-term wealth-building rather than 'playing the stock market.' Patience is another thing you'll require. There will be times (not often) where capital may fall over a year, or even income. If you can't afford to risk your capital, this strategy isn't for you. The same goes if you're a weak-willed investor, liable to change strategy during a bad patch. Finally, there's the amount you can spare to invest. My suggestion is that, ideally, you'll want to invest a minimum of £500 per stock - to stop dealing costs eating up your returns. However, the strategy should work equally well if you buy every second pick. That takes your monthly commitment to your "The Dividend Letter" down to £250. If that seems like a lot of money to you, The Dividend Letter may not be for you. But if you're comfortable with the above, I'd like to offer you the chance to try my strategy on a full, subscription-back trial basis. To start your 60 day trial of The Dividend Letter, go straight to the end of this letter.

As I've shown, high yielders regularly outperform average or yielders long term.
But that's not to say some good, solid high-yielding companies haven't suffered losses in recent times as the wider market panicked.

Financials, in particular, have taken a hit over the credit crunch, but you can expect them to be restored to fair value at some stage.

Bear in mind...

We're talking about HUGE, established brands that have survived countless bear markets. These companies - and their stock prices - WILL recover.

But doesn't it make sense to snap them up while they may be trading at a discount?

Like I said earlier, I’m not interested in making predictions. And I won’t allow myself to be swayed by the forecasts of ‘experts’ who can’t predict the future either. I know the time to use the high yield strategy is now and it’s always now.

Then again, it would be ridiculous to argue that there aren’t bargains to be had in the markets right now.

Given that the market is still lower than it was ten years ago, HYP shares are available at very attractive prices. This means that their capital value could in fact rocket in the years to come.

If creating an "eternity portfolio" with the aim of generating a growing income over time is a strategy that appeals to you, now is the time to implement it.

And The Dividend Letter is the only tipsheet I know of in the UK designed specifically to help you do just that...
   

A Very Special Offer for New Subscribers

So how much will The Dividend Letter cost?

I can tell you one thing: If you went to an exclusive fund manager or full service broker, you may get some good advice, but you'll also pay some enormous fees. You'd also have to be prepared to invest much more than just £250-£500 a month.

Even in common funds like unit trusts, OEICs and ETFs a certain percentage each year of whatever you have invested will go in payment of management fees. But High Yield Portfolios (HYPs) carry no management charges at all. Over the very long term for which they are intended this creates a substantial advantage for HYPs.

Fleet Street Publications who publish my tipsheet charge up to £895 a year for some of their specialist subscription services.

I certainly think this would be a bargain - when you consider our aim is to help you build a portfolio of stocks that will sustain you for life.

But I've decided to offer a one-year subscription for significantly lower than £895...

Or even £495...

You'll be amazed to hear The Dividend Letter normally costs £159 for a full year of research, market commentary and recommendations. 

And if you take advantage of our current special discount rate you’ll pay just £99 for the first year of your subscription! 

That’s just £8.25 a month to learn about some of the safest and most profitable investments on the UK stock market.

Is it worth it?

I think so.

But don't take my word for it...

2-Month Satisfaction Guarantee

The best way to see if this is for you is to try the newsletter for yourself.

And not just one issue. Of course that's not enough time to test-run any tipsheet, let alone one with a very long-term wealth-building strategy but it will give you a good idea of the flavour of the publication, the style, the way I go about portfolio construction and the sort of articles on various aspects of the strategy I will write regularly.

So if you sign up today, you'll receive your first two monthly issues with a full subscription-back guarantee.

Take some time to scrutinise my recommendations. Study my advice. And absorb yourself in this unique way to generate income.

If you're not 100% convinced The Dividend Letter suits your needs, simply let me know via email within 60 days and I'll personally refund your subscription.

No questions asked.

I don't think you have anything to lose by giving this a go.

Here's what you'll receive if you accept this unique invitation today:

12 issues per year of the The Dividend Letter newsletter. With this newsletter at your fingertips, we'll go about building an income portfolio that could sustain you forever - brick by carefully-selected brick. You'll receive one researched recommendation per month. But that's not all...

You'll discover how to "manage" your dividends for maximum growth... what to do when a company is taken over... how to spot great dividend payers trading at a bear market discount... the crucial difference between value and high yield... tax issues and much more. 

 
Weekly 'The Dividend Letter e-Updates'. As I've said, essentially this is a 'bet-and-forget' wealth-building strategy. But the world of investment is not static... and a smart investor is an informed investor. You'll be kept abreast via email of any announcements regarding your holdings, as soon as they're made. I'll also keep you updated whenever a significant market development occurs that may be of interest to high-yield investors. All direct to your inbox, once-a-week. 

FREE Investment Guide - “How to grow rich slowly with the 'HYP' strategy”. This fascinating read will give you all the background you need in this historically proven way of building wealth. You simply won't get much of this information from your IFA - who would much rather propel you into some kind of expensive insurance company product than tell you about the wonders of dividend-paying companies. In fact, you won't come across many of these income tips anywhere. You'll find this an invaluable resource as you embark on your income odyssey.  Sign up now and you'll immediately receive this guide to download and read.

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The way I look at it, the longer you wait to get in on these investment opportunities, the less income you'll have further down the road.

Remember: targeting high yielders is an excellent strategy for all markets.

If we are entering a bear market, however, it will pass.

But your "Dividend Letter Portfolio" - some of which could be purchased in the coming months at a handsome bear-market discount - will always be there... providing an ever-growing stream of cash.

I urge you to take up this exciting and timely opportunity.

To get started on your 2 month trial, click on the sign up link at the end of this report.

Sincerely,

Stephen Bland
Editor, The Dividend Letter

P.S. I meant what I said about being happy with my research - which is why I'm prepared to offer you the best guarantee I can think of. Join today and you'll have 2 full months to decide whether or not you want to stay on. If not, let me know any time during that period, and you'll receive a full refund. If you decide after the first two months that this isn't right for you, I'll still give you a pro-rata refund.

P.P.S. And, remember, as soon as you reply to this offer you will receive the FREE downloadable guidebook, “How to grow rich slowly with the 'HYP' strategy”. Inside you’ll find all the information you’ll need to make this proven wealth-building strategy work for you.