Does anyone know exactly how preferred stocks work?? There is no real advantage unless the company goes bankruptcy.. Other than that they are worth no more than what they were worth at the time of purchase.. They are susceptible to more than common shareholders at that.. The advantage is they get paid out before anyone else except corporate bonds.. Preferred doesn't appreciate like common stock as well.. As long as this company is being profitable ur still in it.. When bankruptcy huts then that's when u sweat..
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