Geoffrey Lordi

Playing Defense with ETFs and Preferred Stocks

Some good points here, but recommending preferreds, exchange traded debt, TPTCs, other other debt-based income vehicles because of their historical recovery from the October2008/March2009 lows is troubling since there is a small probability that folks will have that opportunity again in the short term, or that they would get out of their current preferreds only to re-enter in the single digits.

Furthermore, recommending non-cumulative preferreds is a potential mess: as someone who has invested in this range of products for years to build unique portfolios, I've seen far too often situations where non-cumulative preferreds cause loads of trouble for folks seeking high yields when they really don't understand the product, haven't read the EDGAR filings, and don't spend the time to study the indentures (for debt vehicles)...

Tread carefully...

ETF Update: Time For Defensive Plays

FXP is a double short of the Xinhua/China index (FXI), not the financials. SKF is the double short financials etf...

Tuesday Outlook: March Sadness?

Nevermind! I saw the commodities and international commentary in your currency article - great! Thanks, again...

Tuesday Outlook: March Sadness?

Yes - much appreciated. And we aren't forgetting that you have considered Brazil, India, and (ghasp!) China in the past, as well...

Thanks!