Preferreds

This book is very informative. Gives a good overview of Preferred Stocks and how to incorporate into your own income portfolio. I think the best thing the book talks about is how (just like with the stock market) you can't simply buy and hold forever. There are times to be invested in Preferreds and times when you do not. The author illustrates these times through the use of technical analysis and charts. Of course you want to keep an eye on fundamentals of the companies you're buying and the author also gives you a guide line for that. Very useful tool to have for an income investor.

I have followed Ken Winans' research for years, and believe it to be some of the most creative work in the investment business. The Winans International Preferred Stock Index (WIPSI)is by far the best index to track preferred stocks, and proves that preferred stocks are "Wall Street's best kept secret"!

I have read this book twice, and find it to be very insightful. Many of the things the author predicted (i.e., flaws in the investment rating system) have recently come true in the subprime mess. I have searched high & low for books on preferred stocks, and this is the only one currently on the market.

"Good book; clear and concise, which for whatever reason, seems to be a problem for many people who write financial books."

This book is outstanding for the professional and part-time investor. The techniques are clearly explained and illustrated and can be implemented by anyone in less than an hour on a weekend. Will it work in the next bear market? The only thing we know for sure is that a bear market will occur, and with preferred stock, any losses will be cushioned by dividend income.