"Counter-cyclical bear trends in a secular bull market are a reality we must accept, much like death and taxes. Learn to live with them and, if possible, profit from the lower prices that now prevail. But don�t be surprised if the gold price continues to fall even further -- in the short term at least. And don�t be discouraged if the gold price remains in the doldrums for while. In the longer-term, I am still as confident as ever that we will see gold at over a thousand dollars an ounce." PVE
Yes, DUK fooled me but I sold mine with, as I recall, a $1-2 loss. I did not think it through; before and since I have put the money in Vang Wellesley (VWINX) and last year was rewarded with a 9% return. It has had one down year in 30... something like that.It's a good compromise in this time of low interest rates.
No, I don't understand it. Why take a chance on a preferred and get sucked in with a higher rate. Buy a preferred fund and spread your risk.
The excuse for wanting income must include perservation of principle and you sure could lose both.