Having a hard time with ideas to get long as the market sells off. TLT doesn't seem to play well but the preferreds (mostly bank stocks) are down nicely. I like the yield and I like that preferred means they may not gut the dividend like all the other "so-called" safe names i.e. COP, GE, KMI . I have had some trouble trading bond products so I am just selling 3...
This instrument has been trading in a very stable range, more stable than treasuries and similarly to TIPS. The dividend yield on this is 5%+.
This is a great way to diversify exposure to US-assets while assuring a high and reliable return.
If prices drop to 37.10, I'll be buying with very little hesitation.
This instrument has been trading in a range much more stable than treasuries and almost comparable if not better than TIPS, but, the dividend rate is about 5%+
If the price drops down to 37.10, this is an incredible buy opportunity for long-term hold and great way to diversify within US assets.
I'll be buying with very little hesitation.
PFF is a dogshit, overvalued, poorly managed, preferred stock fund. People have been buying it up going into an obvious rate hike on June 13th... Something like a 12 day winning streak.. Y'all know this is fixed income, right? Bagholders about to get dicked on. Lucky for y'all this is fixed income, and volatility is minimal
PFF formed a downtrend parallel channel.
A downtrend parallel channel (bearish channel) is a continuation pattern that slopes down and is bound by an upper and lower trend line.
The upper downtrend line it is called main line and marks resistance and the lower downtrend line it is called channel line and marks support.
For a bearish channel, the main line extends...