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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (52806)	3/24/1999 11:24:00 AM
From: BSGrinder	Read Replies (2) \| Respond to of 132070

Michael, Thanks for all the great info on the CEF preferreds. But what do you mean by "get hurt by a large rise in rates?" How does that affect a preferred? I have just sold a house and am looking for a place to park $50K very safely with an eye to income. What alternatives do you think are best and where do CEF preferreds fit into the spectrum? I know these inquiries may seem elementary, but with all the financial flim-flam going on, your analysis is greatly appreciated by this household. Thanks, /Kit P.S. I can confirm that there is indeed a buying frenzy going on in real estate, at least in Washington, DC. Our house was on the market only one day and we got 4 offers, all of them over the asking price (as much as 6% over), none contingent on any other sales! The last time things were this crazy in real estate here was 1987.