I bought CTL for the first time as well, and I bought FTR. (100 shares CTL and 1000 shares FTR) I am an income focused investor with about 1.1m of assets. I'm 26 years old. I started out with 72k in January 2008. I contribute much of my success to selling short LEH in 2008 at $24 and in February of 2009 buying American capital strategies "ACAS" under $1.00. I avoid large capital concentrations now in the current environment. I do have 5000 shares in rso-b though @ 24.75. That is by far my largest holding. I have about 170k in preferred stocks that trade at or near par and have stable cash flows and share prices. I always look at the common stock first before doing any further research on PFDs. The common should always have equity and growth/income prospects as a rule of thumb when investing in PFDs.