Let's look at some whopping returns for VLYPO and two others to dive into.
If we believe normalcy will return to the U.S. financial system, this investing plan could give outsized returns.
However, the preferreds are no longer 'money good.' So a completely new 'distressed company' calculus has taken over.
These shares allow you to make a call about the future prospects of the U.S. equity market while getting paid in the interim.
When it comes right down to it, I only care about Valley's balance sheet and where the preferreds sit in it.
Here's what I've been buying this week. Try not get burned, and generate above-market returns.
If interest rates don't spring back, or even decline further, there are several fixed-rate preferreds I like.
Here's what you're better off buying. I certainly have.
Do the math. Markets fluctuate, but calculus never does.
All three are preferred stocks that currently have floating-rate features.