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Home / Columnists / Berko / Many preferred issues don’t rise above junk (access required)

Many preferred issues don’t rise above junk (access required)

DEAR MR. BERKO: I want to invest $51,000 in high-yield preferred stocks (I can afford some risks) and need to get as close to 11 percent as possible. A friend of mine recently invested $38,000 in preferred stocks and recommended his new broker. He's very happy with his high-yield returns. The broker he referred me ...

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