Toro
Diamond Member
It depends on the preferred stock.
They can be illiquid, or difficult to sell.
I'd also agree that they could come under pressure when interest rates rise.
You shouldn't buy it just for the yield. Too many people have been buying for the yield, and that has made many investments overpriced and vulnerable to a pullback.
They can be illiquid, or difficult to sell.
I'd also agree that they could come under pressure when interest rates rise.
You shouldn't buy it just for the yield. Too many people have been buying for the yield, and that has made many investments overpriced and vulnerable to a pullback.