The Globe and Mail Investors too comfortable with dividend stocks. Plus, is this the right time to buy Air Canada shares? Published April 14, 2021 Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer U.S. portfolio manager David Merkel is the founder of Aleph Investments LLC and provides worthwhile market perspective on his website alephblog.com. His recent post argued that income-generating stocks are not good substitutes for fixed income. If this is true, it’s highly inconvenient for investors faced with ultra-low bond yields who need a steady stream of reliable income.