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Re: 1st Comm Squadron post# 2256

Thursday, 01/05/2012 2:11:18 PM

Thursday, January 05, 2012 2:11:18 PM

Post# of 3372
Why a couple months? Get a CD. You should have years to use the stock market. If you got only a year, try some TruPS. (Trust preferred)

I like "The Goldman Sachs Group Inc Pref Share A" (GSPRA) right now. (On a dip) Your principle is pretty safe, and you get a minimum coupon of 3.75, which gets you about 5.5% at the current price.

Unfortunately, my call on this is about 3 days late, so you might have to wait for a dip. If Goldman Sachs gets into financial trouble, you proably end up owning the stock; but if goldman gets in trouble, you would probably be better off buying a gun to protect the homeland from the invasion forces wink Does Goldman ever get in trouble?

http://financials.morningstar.com/preferred/quote.html?t=GSPRA

These things aren't the easiest thing to trade.

JP has some preferreds too.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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