|Re: It looks like the wall street 2018 resolution was to sell preferred stocks t|
My preferred holdings took a bit of a hit but not too bad.. holding.. also, legged into FPF.. a CEF fund.. -3.42% discount on a -4.32% 3 year avg. discount. currently yielding 7.63%.. Expenses 1.88%..
FPF invests at least 80% of its Managed Assets in a portfolio of preferred and other income-producing securities issued by U.S. and non-U.S. companies- including traditional preferred securities- hybrid preferred securities that have investment and economic characteristics of both preferred securities and debt securities- floating rate and fixed-to-floating rate preferred securities- debt securities- convertible securities and contingent convertible securities.
Part of my KISS strategy.. Only got 200 shares and will likely add if/when it drops.
re QWEST, good idea waiting a bit. The 7.54% yield is kinda attractive (at least for CTBB) but for me I lost my patience and bailed after only a couple of months collecting just 1 dividend payment AND taking a -8.8% haircut on the security. I didn't do my due diligence before buying.
I do own T common and will hang onto that, for now.