Washington Mutual Preferred fka WAMPQ

[rainbow1111]

Risk tolerance link - http://njaes.rutgers.edu/money/riskquiz/

This is how I do it. Let's say I have lost money on ABC,Inc. but I still own it. I have no idea if it will recover. Perhaps the stock will stay at the same price for a length of time. Or maybe it will decline further.

Then I receive a windfall of $10,000. I ask myself if I would buy more ABC stock at the current price. If my answer is "h*ll no!", then that tells me that I should sell it and buy something that has more potential for gain (or less potential for loss).

I'm of the mind that we are, in effect, re-buying our portfolios every single day that we own the positions.

I use the above thought process every time I look at my portfolio. If I own a dog (no offense to dogs), I'll sell it and buy some other stock that is on my wish list. And I never look back.

This is why I sold my UQs about 2 years ago and switched to PQs. I feel the risk is too great for my risk tolerance level. I believe in this investment but I'm not "all in" either.

See link for risk tolerance quiz.

http://njaes.rutgers.edu/money/riskquiz/


I hope this helps.

Can anyone provide any logic to sell some “U” now for about .12 loss per share and buy more “P” at current price. My concern with “U” is what DIMEQ could do to them.