New preferred stocks are being introduced at almost twice the pace as last year. Beginning with ALL-B from Allstate Corp. on January 3, there have been 31 new issues so far this year (through February). That's almost 16 new issues per month compared to an average of about 9 new issues per month during 2012.
While this bumper crop affords an increase in choices to consider, some preferred stock investors are concerned about potential future price decreases eroding their principal. There are several strategies for adding a layer of principal protection to a preferred stock investment but purchasing for the lowest possible price is a common thread...
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While this bumper crop affords an increase in choices to consider, some preferred stock investors are concerned about potential future price decreases eroding their principal. There are several strategies for adding a layer of principal protection to a preferred stock investment but purchasing for the lowest possible price is a common thread...
Note To Readers: This article was chosen to appear on the popular investing website 'Seeking Alpha'.
By clicking here a new window/tab will open on your screen to this article as it appears at SeekingAlpha.com.
Receive my Seeking Alpha articles by email: When viewing one of my articles at Seeking Alpha, click on the "Follow" button under my picture. You will be notified by email when I post a new article to Seeking Alpha.
Please enjoy reading this article at Seeking Alpha.
Many Happy Returns.
