Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Foreign Bank Preferreds
Old 12-23-2007, 01:37 PM   #1
Recycles dryer sheets
 
Join Date: Dec 2006
Posts: 63
Foreign Bank Preferreds

Has anyone been looking/buying at these lately?

OK, so I bought some Friday -- the preferred stocks of Royal Bank of Scotland, Deutsche Bank, and ING groep. THey have current yields of between 7.8 and 8%, and yields to call of about 12%. They all qualify for the 15% dividend taax rate.

Now i'm second guessing myself. I suppose none of these will go bankrupt, which would be the only reason for them to suspend payment. And the yields are tempting. But I've already taken a bath on regular domestic bank stocks this year, and wonder if i've set myself up for another one.....

Winnie
__________________

__________________
winnie is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-23-2007, 02:29 PM   #2
Thinks s/he gets paid by the post
twaddle's Avatar
 
Join Date: Jun 2006
Posts: 1,378
There's a new ETF that specializes in this stuff if you want a little diversification protection: PGF.

But we live in interesting times. Housing bubbles in the US, UK, and Oz. Very nervous lenders and investors. Fun read here:

Crisis may make 1929 look a 'walk in the park' - Telegraph
__________________

__________________
twaddle is offline   Reply With Quote
Old 12-23-2007, 02:52 PM   #3
Recycles dryer sheets
 
Join Date: Dec 2006
Posts: 63
Hmm. Nicely written article. Thanks for the link.

The next few months will indeed be interesting. I suspect there will be better bargains yet in this asset class, and intend to try and keep some powder dry....I always tend to buy too early on the way down.

winnie
__________________
winnie is offline   Reply With Quote
Old 12-30-2007, 08:36 PM   #4
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
We have been buying a lot of these. Especially Barclays and Aegon.
__________________
saluki9 is offline   Reply With Quote
Old 01-02-2008, 02:43 PM   #5
Recycles dryer sheets
 
Join Date: Dec 2006
Posts: 63
Hi Saluki--

Yes, I've been looking at Barclays too. But the yield isn't quite as tempting, especially when you look at the common stock...I'm hoping that the BCS preferred comes down a bit.

Today, that looks a bit unlikely -- a large move up in all these securities

winnie
__________________
winnie is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Long term bonds or Preferreds??? modhatter FIRE and Money 10 09-23-2007 11:38 AM
Income - REIT Preferreds Danny FIRE and Money 2 08-14-2006 03:11 AM
Foreign ER & Taxes Saver Life after FIRE 22 06-16-2005 12:43 AM
Foreign REITs Familyretired FIRE and Money 4 11-25-2004 06:13 PM
Foreign investments or not? Natalie FIRE and Money 3 07-16-2003 11:55 PM

 

 
All times are GMT -6. The time now is 11:19 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.