I have moved numerous accounts for myself and others to what is now Schwab by just calling my contact
and giving him the needed info. Done in a week or less and I do nothing. I know nothing about T. Rowe
Price, but if you are going to trade much, I think I would talk to someone who does it there. I moved accounts
out of Vanguard when I started trading for people with accounts there, as I think their site sucks for trading.
Wifes' aunt had an account with Wells Fargo. Started that movement the day she handed it to me. ug!
I'm guessing the majority here that do things themselves, are with discount brokers, not the big guys.
"I'm looking for advice where to deploy this other than 100% equities as I've never been there other than a MM fund."
Maybe too drastic a change for you, but I will throw out ATLCZ. Although showing as a preferred at Schwab,
they are senior notes, higher on the pecking order. Mostly I hold as a hedge against a big market downturn.
I expect they will hold up much better than common stocks, and I collect 9.25% in the meantime.
Not saying they will not go down on a sell off, but thinking they hold up much better than most stocks.
atlc20240124_fwp.htm
Parent company ATLC. CFRA has them at a buy here, with this years earnings $4.61 and next year at $6.04.
Maybe a safe time to wet your whistle.
Second on my list would be PRIF-K, 7% preferred trading at $22.50, $2.50 below par, yield 7.8%.
Perpetual, so no call date. PRIF is not traded on the exchanges.
CEFs must have a minimum amount of assets relative to the amount of preferred shares issued. For each $1
of preferred stock issued, the fund must have $2 of assets at the time of issuance and dividend declaration.
Everything seems expensive to me at this time, but now that you are retired, if you enjoy investing, there are
many wise people here, and although I invest nothing like most posters there, I have got good ideas on
the income investing thread. Income Investing | Stock Discussion Forums
Best to you in your endeavors! |
