If we're bagging gains like this before the global recovery has hardly even begun, imagine the sort of returns we'll make when the world starts humming again! And with Carla now throwing her skills into the mix, the future looks even better for anyone who joins High-Yield International today.

You Get Better Growth, Too!

     Going abroad isn't just about dividends. Most foreign economies are growing faster than ours, too. Simple logic dictates that their stocks will grow faster, too.

     Just as the recession hit the world unevenly, the next wave of growth will also be uneven. But one thing is clear: When the global economy starts to rebound in earnest in coming months, developing nations -- not the United States or Europe -- will be the engines driving that growth. Here are the estimated 2010 growth rates for the world's major economic regions...

     While the U.S. is stuck in neutral, you can put your money to work in places enjoying strong growth -- and where corporations are increasing their earnings.

     This is where stock prices and dividend payments will rise fastest and soonest.

      Where specifically is Carla urging her readers to get positioned now? Let's look at a few off-the-beaten-path picks that you won't find in a typical newsletter...

     The Czech Republic offers huge investment potential as its economy plays catch up to the West, which surged ahead during the Cold War. With a well-educated and low-cost labor force (-30% to -50% cheaper than in western Europe), great natural resources and a strong industrial base, Eastern European countries in general are in an advantageous position.

     But the region has been hit hard by the global recession. Partly because Russia's once-soaring economy has stalled due to plunging oil prices -- but also because demand from Western Europe has fallen.

     Not surprisingly, Eastern European stock markets have plunged. The Czech Stock Exchange and the Hungarian Stock Exchange are down -44% and -46% since last August.

     As evidence that a little sunlight is on the horizon, Eastern European markets have rallied nicely over the past month after the European Union pledged to help non-EU countries like the Czech Republic.

     Our favorite way to play this resurgence is with the dominant phone company in the Czech Republic. It boasts the country's core local-phone service, as well as wireless, long-distance and Internet. Thanks to strong growth in wireless the company has held its own despite the economic slowdown. In fact, its overall revenue rose +4.2% in the latest quarter.

     The company is throwing off so much cash that it is yielding 15.3%. With a yield like that, and appreciation potential to boot, this is a rare Eastern European stock worth buying even months before a turnaround in those markets.

The $2,000 Car that Could Take India By Storm

     India is one of those countries that the global recession barely touched.

     Before the recession started, India was growing +7.5% a year. This year, with the recession in full swing, India's GDP is still expected to expand by +4.5%. Next year it will be +5.6%.

     With a huge supply of cheap and educated workers, India is an ideal outsourcing destination. The recession has actually made India even more attractive for foreign companies looking to save costs.

     On top of that, India is rapidly pulling itself out of poverty. Most Indians still lack basic products and services. For example, 600 million Indians don't even have electricity. That practically guarantees the government will be investing heavily in infrastructure for decades to come, and creating new and better-paying jobs.

     This is why India is one of the few places where it makes sense to invest in the auto industry.

     In fact, at the same time that Chrysler filed for bankruptcy, an Indian car maker we recommended saw its share price more than double! Over the next few years, as the recovery takes place and millions of Indians buy their first cars, the profits could be staggering.

     This rapidly growing car maker is virtually unknown outside of India, yet it's already snuck into the #5 worldwide position. Bolstered by its dominant share of the Indian car, truck and bus market, it has boomed along with the India economy over the past decade.

     This entrepreneurial company is about to launch the most-affordable vehicle in the world: a $2,000 car. There is no way for Ford or Toyota to compete with that. It goes on sale this month, and I bet we'll see huge sales as millions of Indians eager for their first car will finally be able to afford one.

     And talk about room for growth! India has only eight cars for every 1,000 people. The United States has 478 cars per thousand.

     Compared to other auto makers, it has dirt cheap labor costs. This is no General Motors, whose cost structure made it tough to turn a profit even in good years.

     Like just about every other stock in the world, its share price is well off its highs. But investors are clearly warming up to the company. Its share price has nearly doubled over the past month. It now yields 5.3%. Not a fortune, but a lot better than the typical U.S. stock, and with a heckuva lot more upside.

Grab This Chinese
Play Paying 11.8%

     As much as we like India, we're even more excited about the prospects for China. China has an even larger pool of cheap labor to draw upon than India. Millions of Chinese farmers are migrating to the city each year. The Chinese government knows it must provide jobs to these workers to keep them happy. Fortunately, it has the financial strength to do so.

     The stimulus package China announced this year amounted to $586 billion. That may seem small compared to what the U.S. is spending, but the Chinese economy is smaller. In fact, the Chinese package adds up to 18% of the country's GDP. That's the equivalent of more than $2.5 trillion in U.S. terms!

     Moreover, much of the Chinese package will be spent on infrastructure -- power plants, railroads, airports, housing and water systems. That means not just a lot of new jobs, but an avalanche of profits for investors.

     This rapid growth is one reason we invested in one of China's leading energy companies last year. Despite the market crash, the stock is already up 21%. Our favorite way to invest in China right now is with an ETF full of companies that will profit indirectly from China's growth. It has outperformed its rivals in both up and down markets. We expect it to produce substantial gains over the next few years as China's growth rate rises. (As a bonus, this fund comes with a dividend yield of 11.8% -- almost four times the yield of the S&P).

Safety First: How Carla Avoids High-Yielding Dogs

     High-Yield International is the only periodical devoted exclusively to helping you make money with high-yielding foreign securities.

     Nowhere will you find a more thorough ranking of your foreign income-investment options than in this monthly investment bulletin.

     Join us and you'll be part of a growing band of investment adventurers who share a love for reliable investments delivering hefty income and strong capital gains.

     One more thing -- it's important: Carla invests in quality securities -- NOT in high-yield junk.

     She is not naive about the dangers that can lurk behind outlandishly high yields.
To make sure your dividend is SAFE, she puts every stock, bond and mutual fund through a unique analytical boot camp. She calls it her "Dividend Optimizer."

     Her model identifies securities with safe and lasting income streams. It then ranks them from best to worst based on her unique scoring system. No one else has this proprietary ranking mechanism.

     Here are a few things Carla needs to see before she even thinks about recommending an investment to you:
 
A long track record of improving earnings. The longer a firm has been profitable, the more likely it is to deliver steady returns in the coming years.

A history of consistent and growing dividend payments. Carla wants to see steadily increasing dividends with no declines or missed payments.

Strong cash flows. Since you can't pay dividends without cash, we need to find companies that are generating above-average amounts of cash each and every year.
 
Strong projected growth. Growing firms are more likely to be able to boost their dividends in the future.

A sustainable payout ratio. Firms occasionally pay out 100% or more of their earnings to shareholders. They can't do this for long without cutting their dividend. She avoids firms that are skating too close to the edge.

     If we can't verify the numbers to our own comfort level, we take a pass. Instead of swinging wildly for the fences, we prefer to stand calmly at home plate, patiently waiting for the perfect moment to swing. There's no hurry, because the umpire can never call us out. We simply wait as long as we want for the ideal pitch to float across the plate.

Join Us and Profit from the World's Most
Powerful Investment Force

     Whether you're investing in Zanzibar or on the NYSE, you're making a currency bet.

     An appreciating foreign currency gives even the stodgiest foreign stock a wonderful "tail wind," pushing the dollar value of your investment ever upward -- even if its price in local currency doesn't move a bit.

     Get the currency right and you've already won half the battle. If you can get into a country when its currency is 200 units to the dollar and get out when it's 100 to the dollar, you've already doubled your money. And that's on top of any capital gain on the stock, or interest on the bond.

     Look at the gains racked up by U.S. dollar investors over a recent five-year stretch:

     Take Australia, for example. You could have bought any Australian stock, and with the currency doubling against the dollar, you would have had an extra 141% in your pocket -- on top of whatever the stock returned. The +160% return of Australia's All Ordinaries Index became a +301% gain for U.S. investors.

     We haven't had the chance to lock in 20% yields here in the U.S. since 1980. And back then, it was 20-year bonds, not stocks that offered those payouts. That was a Golden Age for income investors. Many people who had accumulated decent savings could live comfortably for the rest of their lives off their interest and dividends.

     You have the same opportunity today with the global cash cows we are finding right now. For example, not long ago we found a Canadian firm in an industry that's practically immune to the global recession. (It operates funeral homes throughout North America.) The company had been growing its earnings steadily and, thanks to the sell-off, you could have picked up the stock at a price that let you lock in a dividend yield of 20.1%!

Take a Peek at Our Portfolios Here

     In each monthly issue of High-Yield International, you'll find several dozen profitable companies with superior dividend yields, painstakingly culled from more than 25,000 choices around the world. (Only a third of the world's 77,000 publicly traded stocks have positive earnings, and you can bet Carla isn't looking at the money-losers.)

     Carla tracks the best she can find in two portfolios which you can use just as if they were your own. Here's a partial look at both portfolios right now, to give you a taste of where we're putting our money today.

     High-Yield International's "Reliable Income" Portfolio gives you a solid foundation of stable high-income foreign stocks, preferred securities and funds. These stocks form the basis of a conservative investment plan that can see you safely and profitably through any market turmoil.

      Below is a partial peek at the more aggressive "Ultra High-Yield Portfolio" of securities with breathtaking yields of up to 18.8%. Granted they're riskier -- but here's where you'll find some of the highest-yielding investment ideas on the planet.
 

What You'll Get When You Join Us

     High-Yield International is a web-based newsletter that you can access the instant Carla releases each monthly issue. You can then easily print out the issue from your computer if you wish.

     You'll never have to wait for your issue by snail mail because as soon as we dot the last "i", we'll e-mail you the complete issue.

     Even better, you don't have to log on to a web site and fumble around with a password. The issue goes straight to your email inbox. That way, you can read it wherever you happen to be -- at work, at home, or on the road. In addition, you can access the complete issue anytime on our members-only website. And this site gives you many more useful tools, including FREE access to our Issue Archives. Here you can find detailed research and updates on Carla's portfolio picks -- and many others besides -- that were introduced in our back issues.

     You'll also get Mid-Month Updates to keep you informed of any breaking market events or opportunities. This is not a skimpy bulletin, but a solid overview of the global high-yield scene, with specific buy/sell/hold advice on every position in both her portfolios.

     In addition to your monthly issues and mid-month updates, we'll alert you by email whenever there's breaking news on one of her holdings.

  In every issue you'll also get:

Global Focus: Here Carla will focus on a particular country or region of the globe. It's a unique level of analysis that you won't find in any other advisory service.  High-Yield International readers last stopped in Brazil, where stocks rose more than 500% in five years. Thanks to Brazil's appreciating currency, U.S. investors were up more than 1200%! We found an ultra-safe way to tap into the Brazilian boom via an electric utility paying 11.4%.

International High-Yielder of the Month: Most of our readers turn here first. It's an in-depth profile of an especially attractive company, fund, trust (or perhaps an exotic security you've never even heard of before) that Carla is adding to one of her portfolios immediately. The most recent find was a closed-end fund with a unique dividend-capture strategy that is yielding 12.4%.

Foreign Income Plays: A detailed look at a timely industry or sector that's firing on all cylinders -- and the best way to play it abroad while pocketing instant high yields.

Undiscovered Markets: Carla loves digging up high-yielding gems in off-the-beaten-path countries like Vietnam, South Africa, Turkey and New Zealand. These nations are posting surprisingly strong economic growth. Nothing is more satisfying than finding the next big trend ahead of the crowd, getting in early, and watching it soar. We revealed an unusual monopoly guaranteed by the Mexican government yielding 12.5%.

High-Yield International's Reliable Income Portfolio of foreign common stocks, preferred stocks, mutual funds and ETFs with highly dependable yields... and downside-risk protection. These stable, growing cash cows have long track records and strong future prospects. You can count on them to deliver premium income year-in and year-out.

A more aggressive Ultra-High-Yield Portfolio of securities with breathtaking yields of up to 18.8%. Granted they come with downside risk -- but here's where you'll find some of the highest-yielding investment ideas on the planet. Everything in here offers an annual income stream of 10% or greater.

Portfolio Review: News and updates on portfolio holdings, including current advice... plus a look ahead at one or two new companies we're looking at for possible purchase.

Look at What Else You Get...

      First off, you'll get Carla Pasternak's Five-Step Action Plan to the World's Highest Dividends: Foreign Stocks and ETFs that Every Dividend Lover Should Buy in July 2009. This five-step series will give you Carla's "dream team" of global cash cows she wants every income investor to buy ASAP. She's anxious to get this information out before this global stock market rally pushes down their yields any further.

     You'll also get a package of special reports Carla has prepared especially for new subscribers. Here's a peek at the three you get with a one-year subscription:

	The Best Way to Global Profits Don't give up on your dream stock just because it only trades abroad. This report shows you cheap and easy ways to add the foreign income machines we're finding to your portfolio. It compares all your options head to head. And your commission rates range from low to shockingly low. Take a few minutes today to open an account with one of our customer-friendly favorites and you can be trading on the foreign markets tomorrow.
	High-Yield Global Funds for Dividend Lovers This report gives you several diversified exchange-traded funds (ETFs) that give you all the benefits of global high-yield investing without having to constantly monitor or trade your investments. If you want a simple path to higher income, this is the ticket.
	High-Powered Asian Cash Cows Most Asian stocks don't yield much, but the few that do are showering investors with unbelievable dividends. Like the Taiwanese technology stock that most Western investors are missing out on. It is the world's largest tester of semiconductors -- the "chips" that power personal computers, wireless handsets and almost every other electronic device. Its customers include Texas Instruments, IBM, Sony, Toshiba, Ericsson and Qualcomm. Yielding 10.0%, it's a great play on the strengthening ties between Taiwan and China and economic growth in Asia as a whole.

Come on board for two years and I'll send you these three additional reports:

	Monthly Money: High-Yield Stocks That Give You Cash When You Need It! Sticking to a monthly payment plan isn't so bad when you're the payee! Most stocks pay dividends quarterly, but we've found 188 equities abroad that pay you every month -- perfect if you want steady income timed to match your bills. To make it easy to set up your own monthly plan, we'll send you this report featuring some of the best monthly earners in the world. They give you the safety of an internationally diversified portfolio... and the convenience of a monthly paycheck.
	High Yields South of the Border Latin America's largest economies have become paradigms of stable economic growth -- and its stock markets have surged over the past decade. But we're still finding cheap stocks with high yields. For example: This telecom has 90% of the fixed-line market in Brazil's most affluent state. Yielding 8.2%, its dividend payout has increased steadily over the past several years... and the appreciating Brazilian real has made every dividend check increasingly valuable to U.S. investors.
	Gains Ahead: Fast-Growing Global Beauties For every stock in this country, there are four more around the world. And plenty of them are throwing off sparkling yields, like the gems you'll find in our new report. This report gathers exciting high-yield stocks from as close as Canada to as far away as the South Sea Islands. It's the perfect way to kick-start your global high-yield portfolio.

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