On July 25th, 2019, Craig Bolanos was featured in Debbie Carlson’s ‘7 Tips to Know When Buying Preferred Stocks’ article appearing in U.S. News & World Report. In the article, she talks about how the recent drop in interest rates may make preferred stocks attractive again as the Federal Reserve looks set to cut rates. She goes on to describe various tips to know for those who might be interested in buying preferred stocks, such as paying attention if the stock is callable, meaning the issuer can “call in” or redeem the stock at a certain price at a certain date. Craig mentions in the article that potential investors need to consider if a company may offer any call premium – the dollar amount over the stock’s par value, “because you’d hate to have your favorite preferred stock called about from you.”
Disclaimer:Content in this material is for general information only and not intended to provide specific advise or recommendations for any individual. Wealth Management Group and LPL Financial do not provide tax advice or services.
