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Stephen P. Percoco

Stephen P. Percoco, editor and publisher of Income Builder, is a security analyst with more than 25 years of analytical experience. He was formally trained in credit analysis at a major commercial bank, worked on Wall Street as a high yield debt analyst and has evaluated equity securities for more than 20 years. He has published Income Builder for the past ten years. In 2004, Steve founded the Springfield, New Jersey Investor Education Group of the American Association of Individual Investors. He has served as a member of the FASB’s User Advisory Council. Mr. Percoco is a graduate of Bowdoin College and Harvard Business School.

From this author
Income Builder is a monthly investment newsletter that, through the Income Builder model porfolio, helps investors in all facets of portfolio management. The newsletter covers: 1. Asset allocation; 2. The macro picture: analysis of fundamental trending in the economy and financial markets; 3. Technical analysis - analysis of short- and...
“The carry trade is alive and well. Mortgage REITs borrow short and lend long, capturing the spread between investment and borrowing rates, known as the net interest margin. This fuels big distributions to shareholders. mREITs utilize repurchase agreements, a form of very short-term secured borrowing, to finance their portfolios of...