If you're a retiree or on the verge of retirement, it's critical to think about the best ways to build and preserve your personal wealth.
One of the most lucrative ways to provide yourself with a steady income is to own income stocks.
These are stocks that can generate large annual dividends and have significant potential for share appreciation.
But in a sea of thousands of dividend stocks, it can be difficult to identify the best income stocks for 2018 and beyond.
That's why we use our secret income weapon - the Money Morning Stock VQScore™ system.
Today, we're looking at three income stocks with double-digit yields, including one with triple-digit growth potential...
Income Stock to Own, No. 3: Mobile TeleSystems
Right now, investors are trying to ride out whatever growth is left in the U.S. mobile telecommunications market.
Instead, they should be looking to emerging markets, where one of the top dividend-paying stocks exists.
"Federal Rent Checks": Thanks to an obscure law, over 100 government agencies are required to pay rent. By following a simple investment strategy, you could receive checks of up to $1,795 every month. Read more...
Mobile TeleSystems (NYSE: MBT) owns 31% of the Russian telecom market and has incredible cash flow. The company's operating cash flow to revenue was a stunning 32.65% last year.
And things are only getting better.
The company recently announced a large stock buyback program that will fuel additional share price gains on top of its mouthwatering dividend of 14.58%.
Yahoo Finance pegs the company's one-year price target at $11.20 per share. That figure represents 36.4% upside from Friday's closing price.
And the VQScore System rates the company's stock as a perfect 4, indicating that it's a buy right now.
However, those returns are nothing compared to our second favorite income stock...
Income Stock to Own, No. 2: Pitney Bowes
Pitney Bowes Inc. (NYSE: PBI) is an international technology company undergoing a remarkable shift in its corporate strategy.
Shares fell in August by 14% as some investors threw in the towel because of impatience.
But the VQScore says this company is about to bounce back in a big way, and tapping into a 10.4% dividend is a nice bonus on top of it.
Pitney is currently shifting away from the traditional business of mail and shipping operations. It is now turning its strategy to e-commerce shipping.
Yahoo Finance lists a one-year price target on PBI stock at $11.80. That figure represents potential upside of 63.8% over the next 12 months.
A 63% gain is a strong return. However, our top income stock has an even stronger dividend and even greater growth potential.
It's an energy firm with a massive dividend on the verge of generating a return of over 160%...
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Income Stock to Own, No. 1: Just Energy Group
One of the powers of the VQScore system is that it can help identify little-known companies with incredible upside and wealth-changing dividends. A prime example is Just Energy Group Inc. (NYSE: JE).
Just Energy is a consumer company specializing in electricity and natural gas commodities, energy efficiency solutions, and renewable energy options.
Ongoing trade tensions between the United States and the rest of the world have weighed on share prices. However, the company has continued to pay its reliable dividend to investors.
Naturally, some investors have been concerned due to the drawdown in share price (largely tied to its commitment to returning capital to investors).
However, the company just reaffirmed its 2019 guidance, while outlining its commitment to limiting costs and reaching financial targets.
Yahoo Finance also states that the company's one-year price target is $7.88 per share.
That price target represents 168% upside from Friday's closing price.
That's on top of its eye-popping 12.67% dividend.
Just Energy is the kind of stock that can generate reliable returns for years to come.
However, if you're looking for an even better shot at securing a strong stream of income, then you have to check this out...
Millions of Americans Now Entitled to Collect "Federal Rent Checks"
Forty-six years ago, Congress passed an obscure piece of legislation known as Public Law 92-313. And today, it's why the Treasury is sitting on top of an $11.1 billion pile of money.
Fortunately, Americans from coast to coast have discovered a loophole that entitles them to a sizable portion of this cash.
And they're racing to add their names to a special distribution list.
Some are now receiving monthly checks worth $1,795 each. Others are collecting $3,000, $5,000, or more every month. If you want to join them in this powerful investment income stream, you better hurry up.
Because this cash is getting scooped up left and right! Read more...