Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
Gross suggested PFF when he was on CNBC a few weeks back, maybe that's the preferred ETF for dummies. Its yield right now is 5.79%, but the ETF is down today.
Yes, that generally is considered "the big one". But my personal opinion only is I dont like bank non cumulative's and they are stuffed with those. And the issue is largely just financial issues, but that largely is the market. I dont like those onerous yearly expense fees draining yield too. I can buy safer, higher yielding ones with better yields. My issues cover dividends with after tax profit income by 50-70 times in a regulated monopoly environment with higher yields because I can buy the tiny illiquid issues mutual funds cannot.
Many junk trash issues cover dividends by 1 or less... And those oil/gas drilling company preferreds? Well they covered them a few years ago, now the preferreds are worthless from bankruptcy.