Noland Langford, chief executive at Left Brain Investment Research, says that rising inflation and lower-for-longer interest rates have forced him and his colleagues to dig deeper and look farther for the kind of high-growth investments he prefers. Even in the best situations, however, Langford says that 5 percent returns are solid and aggressive, and that investors need to be satisfied with that kind of return because the traditional 8 percent yields aren't available. In an environment where '5 is the new 8,' Langford discusses buying high-yield bonds and preferred stocks where investors can lock in decent returns for the long haul.

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