Investing Experts Investing Experts Live: Steven Bavaria and Samuel Smith's top income picks for 2026
Jan 28, 2026
Samuel Smith, High Yield Investor leader focused on dividend and alternative income picks OWL; Steven Bavaria, income-focused analyst behind The Income Factory recommending FOF. They debate income-building strategies, FOF’s covered distribution and diversification, OWL’s permanent-capital advantages, valuation gaps with peers, underwriting strength, and ways to protect retirement income.
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Discounts On Discounts Opportunity
- FOF recently showed a 20% NAV gain while market price returned 13.3%, creating a buy opportunity at a slight discount.
- Buying a fund-of-funds can give 'discounts on discounts' when underlying funds trade below NAV.
Focus On Durable Dividend Quality
- Samuel Smith emphasizes high-quality, durable dividend stocks with strong balance sheets and defensive business models.
- He uses deep fundamental research to find mispriced, headline-battered opportunities with asymmetric upside.
Evaluate Blue Owl For Yield Plus Growth
- Consider Blue Owl Capital (OWL) for a combination of ~6% yield, fast distributable earnings growth, and a discounted valuation versus peers.
- Verify fee-related earnings durability, permanent capital mix, and alignment before investing.
