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Hi John. To be honest, my favorite fund(s) could turn out to be a disaster for you and vice versa. We could be on very different investing paths and each of us could have missed or made the turns toward opportune rewards or usefulness of these investments within our overall portfolio construction.
Having said that I rely (or have the most confidence in) primarily on the PIMCO's CEF's for income (PCI, PDI, PTY). I also use KIO, OXLC, FPF and SEMPX but they were all bought at much different price points, z-scores, premium/discounts etc., than they have today. Granted they make me happy but I am always on the lookout for better opportunities. I search for value and not necessarily the highest dividend.
@MFO Members: Sold PFF last year for a nice profit. I held it since 2007, bought it around $16.00 a share. I presently holding three preferred's. 1. Dillard's Capital Trust I, 7.50% Capital Securities (DDT) 2. Chimera Investment Corp. 8.00% Series A Cumulative Redeemable Preferred (CIM-A) 3. GMAC Capital Trust I, 8.125% Fixed Rate/Floating Rate Trust Pfd Sec, Series 2 (ALLY-A) Regards, Ted Resources: WSJ Preferred Stock Tables: http://www.wsj.com/mdc/public/page/2_3024-Preferreds.html?mod=mdc_uss_pglnk
Comments
Having said that I rely (or have the most confidence in) primarily on the PIMCO's CEF's for income (PCI, PDI, PTY). I also use KIO, OXLC, FPF and SEMPX but they were all bought at much different price points, z-scores, premium/discounts etc., than they have today. Granted they make me happy but I am always on the lookout for better opportunities. I search for value and not necessarily the highest dividend.
1. Dillard's Capital Trust I, 7.50% Capital Securities (DDT)
2. Chimera Investment Corp. 8.00% Series A Cumulative Redeemable Preferred (CIM-A)
3. GMAC Capital Trust I, 8.125% Fixed Rate/Floating Rate Trust Pfd Sec, Series 2
(ALLY-A)
Regards,
Ted
Resources:
WSJ Preferred Stock Tables:
http://www.wsj.com/mdc/public/page/2_3024-Preferreds.html?mod=mdc_uss_pglnk
Quantumonline.Com:
http://www.quantumonline.com/QuickStart.cfm