NASDAQ:PFF iShares Preferred and Income Securities ETF
Hope you learn from my emotional rollercoaster. PFF is supposed to be a stable monthly income play. In fact, some financial advisors treat it as cash/savings account. I was looking to park a large chunk of cash using this instrument in hopes to get a better yield than 1.5% I get from my savings account. Thankfully, I was scaling into the position which I got washed out of. If I would have started the monthly contribution process a year ago, I would be shitting lava bricks today. The kind of drops in such instruments make you believe something is *extremely* broken. Be VERY VERY careful out there in deploying your hard earned cash to use. Those profits you don't have are not worth losing what you do have!