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Anyone own preferred stock


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Anyone here own preferred stock?

 

Suze orman's show yesterday was on it and I'm trying to buy stocks that pay a decent dividend right now since I don't see the stock market having any gains for at least a couple years.

 

She recommended a JPMrgan (JPM-j) prreferred stock that she thinks will be paying 10 percent pretty soon 

Edited by handiacefailure
Meant to type JP Morgan not B of A
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11 hours ago, handiacefailure said:

Anyone here own preferred stock?

 

Suze orman's show yesterday was on it and I'm trying to buy stocks that pay a decent dividend right now since I don't see the stock market having any gains for at least a couple years.

 

She recommended a Bank of American prreferred stock that she thinks will be paying 10 percent pretty soon 

I hardly ever recommend buying individual stocks - even preferred stocks.  I suspect you are talking about BAC.PRL (L series). 

Would recommend you consider a fund that holds preferred securities instead, like the iShares Preferred ETF or PFF. That is what I would do - sorry Suze!

 

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4 hours ago, KeepItReal said:

I hardly ever recommend buying individual stocks - even preferred stocks.  I suspect you are talking about BAC.PRL (L series). 

Would recommend you consider a fund that holds preferred securities instead, like the iShares Preferred ETF or PFF. That is what I would do - sorry Suze!

 

I have some mutual funds but did pretty good with my individual stocks, diversification is the key.

I edited the post.   I meant to type JP Morgan not B of A (JPM-J is the ticker symbol).

 

I corrected my post.   

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6 hours ago, KeepItReal said:

I hardly ever recommend buying individual stocks - even preferred stocks.  I suspect you are talking about BAC.PRL (L series). 

Would recommend you consider a fund that holds preferred securities instead, like the iShares Preferred ETF or PFF. That is what I would do - sorry Suze!

 

This is the approach I have taken.   I would only add that one needs to be willing to dollar cost average getting in as interest rates have been so volatile.  I did not start out doing this and my investments in the preferred’s is under water but I am slowly catching up by now adding to the position monthly.  

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  • 4 weeks later...
On 5/31/2023 at 9:21 AM, KeepItReal said:

I hardly ever recommend buying individual stocks - even preferred stocks.  I suspect you are talking about BAC.PRL (L series). 

Would recommend you consider a fund that holds preferred securities instead, like the iShares Preferred ETF or PFF. That is what I would do - sorry Suze!

 

I knew people that got really burned from putting it all in one basket. As mentioned, diversification is key. I’m an ETF fan!

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Preferred stocks are really only important for activist investors and other companies looking for a voting interest. Common stock rarely gets a vote in board members or management decisions. Preferred stock usually does.

Edited by Pd1_jap
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  • 2 months later...
On 5/31/2023 at 9:21 AM, KeepItReal said:

I hardly ever recommend buying individual stocks - even preferred stocks

This has been my mantra for years.  The average investor (and I consider myself to be an average investor) does not have the know-how to pick a company whose stock will outperform the market. I am satisfied with Mutual funds and ETFs that track big indexes like the S&P500 and Russell 1000

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