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Strategies & Market Trends : 50% Gains Investing
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To: Jurgis Bekepuris who wrote (103094)8/8/2011 2:59:06 PM
From: Dale BakerRead Replies (2) of 118717
 
In 2008 I managed this preferred portfolio for my late mother and watched it lose 40% from top to bottom during the credit crunch. Granted, I had some European bank pfds then that I don't hold now but I remember very vividly how illiquid that market can become.

Buying back pfds is always easy sometime later. Recouping losses in them can take years, as we know. Are you really 100% confident in the credit markets with stocks reacting like this?

Rather be safe than sorry here.
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