With interest rates at multi-decade lows, investors have had no other option than to move into riskier assets. P/E ratios have expanded for stocks, and opportunities are getting ever rarer for the active investor.
At the same time, we are likely to be in a late-cycle economy, and as the cycle finally turns, these high valuations are at risk of crashing down.
If you are having a tough time finding high-yielding bargains in 2019, this article is for you. We present three nichey sub-sectors that continue to offer:
- Opportunistic valuations
- Recession resilience
- High income
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