Updated: March 7, 2017
One question I field all the time is, “Should I own preferred stocks?” and my answer is always the same: “Yes, yes and yes.”
But after that, things get tricky.
When most investors think of investing in preferred stocks, they think about popular funds like the iShares U.S. Preferred Stock ETF (PFF) or the PowerShares Preferred Portfolio (PGX). But despite yields near 6%, these mainstream preferred stock funds are the wrong way to go. Instead, I suggest you take my lead and look at outside-the-box preferred-stock options like the three high-yield picks I have in store for you today.… Read more