No. of Recommendations: 1
I don't think I'd be comfortable putting it all in stocks and I'm not a bond fund person.I have some of our money in preferred stocks, holding them until called. It does take some (relatively infrequent) work to identify suitable preferreds, but they provide a reliable source of income until they're called.
Quantum Online (
quantumonline.com: QuantumOnline.com - Preferred Stocks, Common Stocks, Exchange Trade Securities (ETFs) and Convertible Securities Information ) is a good source for locating preferreds.
Preferreds rather than common stocks for me because at my age, I need to be a bit more cautious--less time to recover from the intermediate-term drops on the way to the long-term gains.
One common stock: BEN, which I have because it's a stable company and I like the dividends it pays. Here, too, though, I don't care about its market price; I hold it for the dividends.
Eric Hines
