Stephen Jarislowsky did not mention preferred stock in The Investment Zoo. That's enough for me.

Need another reason not to buy preferreds? The yield, while higher initially, is fixed. If you expect to live a few more years, why would you want a fixed income when you can have a growing income from common stock dividends?

preferreds.txt · Last modified: 2008/10/16 16:46 (external edit)
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