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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (35447)9/25/2009 1:20:55 PM
From: Grommit  Read Replies (3) of 78748
 
answer...

>Are you selling any of your preferreds? If so where are you putting the proceeds?

Selling. Yes, but very limited and where the price increase has dropped the yield to under 9%, like DRE-N and BDN-D. However, keeping CLP-D (at 9% today) because it is residential

I used some of the funds to add to other higher yielding pref at the time, like FR-K at $12 to $13, and some DDR-G (but it is retail) under $16. The rest is in cash and utilities for awhile. Oh, and I recently bought FVE and SKH.

>...idea of buying NG related stocks on any pull back.
I bailed on NG years ago. Only energy I own is DO and RIG. But I bought some NXY this AM. My 1st oil in awhile.

>I think the better deal is the nice income streams you locked in with your utility and preferred share buys.

Yep. But my utilities are only yielding 5.7% now -- just a place to store the cash. CNP POM LNT FPL PGN.

cash 3%
utilities 5%
pref stocks 65%
energy stocks 7%
other stocks 4%
reits 16%
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