I would take a look at preferred stock. Works a lot like bonds, even though it is called stock. Better yields than junk bonds, with roughly the same level of risk. Many portfolio managers consider preferred stock to be in the fixed income category of assets.
Preferred stock issued by solid companies with good credit ratings has less risk than bonds issued by companies that are struggling.
Preferred stock issued by solid companies with good credit ratings has less risk than bonds issued by companies that are struggling.
