Background: A few friends are interested in corporate bonds, but am not keen.

I now feel 4% DYOC stocks beat 6% high-yield bonds. Granted the bonds guarantee the payment rate but look at credit quality, reliability and appreciation.

• if a bond has 6% coupon rate, then credit risk (dependable income) is questionable
• if a bond is relatively safe with, eg 4% coupon rate, then I would say a 3% DYOC stock would be possibly comparable quality.

In all cases, the stock has chance of appreciation/depreciation.

A 4% CDY aristocrat beats most of the corporate bonds out there.