Originally Posted by BoSox View Post
Tableplay, thank you for the thought of possibly holding some preferred stock. Currently, I do not trust the markets due to an unstable government that does not know what the fuck it is doing.
No problem Bosox. Generally, preferred stocks move according to interest rate changes (10 year treasury,30 year treasury rates) and are much less volatile than common stock. They are basically buy and hold (every 3 months you receive a fixed dividend for each share you own if the distributions are quarterly for example). For example, if the liquidation/par value of a preferred stock is $25/share then, when it is called away or matures you will get $25 per share you own regardless of if the current market price of the stock is below or above that value. Anyway that is just FYI, you should not take a position in them of course if you do not feel comfortable doing so.