Publisher's Synopsis
Preferred stock is the most misunderstood and underrepresented of all basic financial securities. As a $200 billion marketplace, there is ample opportunity for investors to generate income, achieve capital appreciation, hedge market volatility and improve the diversification of their portfolio. If only they understood how to invest in these securities... Michael F. Greco is a professional wealth manager who has been using preferred stock in client portfolios throughout his career. In this clear, concise and rather complete guide he covers all facets of investing in preferred stock. This book will help investors and financial advisors understand preferred stock issuance, the different types of preferred stock, as well as the risks and tax considerations associated with investing in it. Several case studies involving real-world securities will provide the reader with a genuine understanding of how to go about evaluating these securities for their own portfolios. Written in plain English, this book is a must read for anyone who wishes to understand how to use preferred stock to build a better portfolio. Once you're done, perhaps you too will have a preference for preferred stock.
