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Strategies & Market Trends : Strictly: Drilling II

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To: Roebear who wrote (4088)11/16/2001 2:02:31 PM
From: isopatch  Read Replies (2) of 36161
 
NEM CV PR continues inching up, as NEM has tanked.

finance.yahoo.com

vs

finance.yahoo.com

OR, for that matter, just about every other gold related stock you can find. Preferred is providing a great safe harbor without exiting the sector. NEM PR continues to be - by far - my largest position in the golds. Thank God!!

Dividends MATTER in this market environment. With inflation adjusted yields on T-Bills and MMfs at zero or less BEFORE TAXES folks.

Well selected medium grade corporate preferreds = far better place to park $$ now and in the foreseeable future for capital preservation PLUS giving you fat divs of well over 8% instead of zero.

Makes sense to me while I for my sectors to put confirmed bottoms that offer good risk vs reward entry levels. Folks, this market keeps proving over and over that jumping the gun only results in your portfolio taking another bullet instead of a profit.

Isopatch
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