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Personal Finance Topics / Retirement Investing
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Author: richinmd   😊 😞
Number: of 1171 
Subject: WFC pl (Preferred Stock)
Date: 03/28/26 4:14 PM
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No. of Recommendations: 3

Anyone else buying more of this preferred stock as the price has dropped and the yield is pushing up around 6.5% ?

I've held on some for a while and tend to add when the price drops back towards $1,100 (dividend is $75 a year).

Rich
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Author: rayvt ✧  😊 😞
Number: of 1171 
Subject: Re: WFC pl (Preferred Stock)
Date: 03/28/26 4:50 PM
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No. of Recommendations: 3
I have owned WFC-PL in the past. Getting close to $1,100 is getting tempting.

I generally sold it when the price rose so much that I could get a capital gain equaling 2 years of interest. It's crazy that it got bid up to 1,500.

I used to have a subscription to CDx3, until he closed it down. But they still have a free weekly mailing showing Preferred Stocks and their CDx3 scores. Only buy the ones with 10 score. Or maybe 9.

Recent ones: RWT-A, BEPJ, GAM-B.

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