Investing in Preferred Stock: An Introduction for Modern Income Investors

Preferred stocks, also known as preferreds, have attracted a lot of attention in recent years, but few investors understand the features, risks, and returns of these intriguing investments. In this revised and updated second edition, Paul Josephs provides an unbiased and easy-to-understand introduction to preferred stocks, including: * The features of typical preferred stocks, including their pros and cons relative to common stocks and bonds * How to research and buy preferreds, including individual stocks, ETFs, and closed-end funds * Major risks of preferred stocks * How preferred stocks behave in good, stable, and tough economic times * Investment strategies and practical tips for investors who choose to invest in preferreds This book provides modern income investors with the facts they need to decide if preferred stocks deserve a place in their portfolio.