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The time has come for me to retire.
With my upcoming retirement, I am making my book, Preferred Stock Investing, Fifth Edition, available to you for free download as a special Thank You for your prior interest in my preferred stock research.
After writing five editions of Preferred Stock Investing, 162 issues of the CDx3 Newsletter, 159 issues of our subscriber's newsletter, CDx3 Research Notes, and over 200 preferred stock research articles for Seeking Alpha, Motley Fool and Portfolio Channel, the time has come for me to retire.
Sixteen years ago, I sought to develop a simple way for retirees to earn a respectable return with acceptable risk. After two years of research, I wrote the first edition of Preferred Stock Investing documenting the CDx3 Income Engine, a method to select, buy and sell the highest quality preferred stocks. Our subscription services and our Preferred Stock List database were launched in 2006 for the benefit of income investors and those who advise them.
Preferred Stock Investing, now in its fifth edition, has become one of the highest reader-rated books in the United States.
Preferred Stock Investing, Fifth Edition is now available for free download at PreferredStockInvesting.com (PDF format) or you can click on the following link:
Click here to download your free copy of Preferred Stock Investing, Fifth Edition
As always…
Many Happy Returns,
Doug K. Le Du
Note To Readers: I'm making a change this month. The commentary that I provide each month regarding new preferred stocks is now available with my free monthly 'CDx3 Newsletter' along with other great content, just for preferred stock investors.
To receive my free CDx3 Newsletter at the beginning of each month, visit my website at PreferredStockInvesting.com.
Click the Sign Up button (upper-right corner) and enter the email address where you want to receive your free monthly CDx3 Newsletter.
Many Happy Returns.
Interest rates and the market prices of existing income securities (preferred stocks and bonds) typically move in opposite directions (rates up, prices down). But since the Fed started lowering rates last August, the market prices of U.S.-traded preferred stocks have defied gravity by continuously increasing right along with the upward rate pressure. That finally changed during November. During the month, the average market price of U.S.-traded preferred stocks finally succumbed and fell by $0.32 per share, ending the month at...
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Many Happy Returns.
In anticipation of a drop in rates, preferred stock buyers continued to push up the prices of previously issued higher payers. As the month came to a close, the average market price for all U.S.-traded preferred stocks was $26.02 per share, up $0.09 per share over the last month. October’s thirteen new preferred stocks are offering an average annual dividend (coupon) of...
Note To Readers: This article was chosen to appear on the popular investing website 'Seeking Alpha'.
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Many Happy Returns.
If you are a seller, you should check your brokerage account. With demand so high for U.S.-traded preferred stocks, prices are higher than we have seen in several years. Selling your shares will deliver a nice capital gain (which is generally taxed at a lower rate than regular income). For many, selling your preferred stock shares in this high-priced market is a lot like collecting your future dividend income now, all at once. Buyers and those seeking to reduce their risk continued to push up the prices of previously issued higher payers. As the month came to a close, the average market price for all U.S.-traded preferred stocks was ...
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.
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Many Happy Returns.
After holding off during July to see if the Fed was going to reduce interest rates, preferred stock issuers crept back into the market with five new issues introduced throughout August. In anticipation of a drop in rates, buyers and those seeking to reduce their risk continued to push up the prices of previously issued higher payers. As the month came to a close, the average market price for all U.S.-traded preferred stocks was ...
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.
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Please enjoy reading this article at Seeking Alpha.
Many Happy Returns.
On the supply side of the U.S. preferred stock market, issuers held off during July, waiting to see if the Fed was going to deliver the expected interest rate reduction on July 31 (which they did). On the demand side, expecting a rate drop, market participants had already bid up the price of existing income securities (since they pay a higher dividend than those to be issued after the anticipated rate drop on July 31). As the month came to a close, the average market price for all U.S.-traded preferred stocks was ...
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 by 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.
