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Are preferred stocks the place to be for yield?

Cory
December 7, 2016

A new guest, Jason Carrier, Managing Partner at Scranton Financial Group, shares his strategies for finding clients higher yields that he considers safer investments. Jason has been focused on preferred stocks recently. As he argues these can provide higher yields but also have a safety factor that he likes.

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Discussion
41 Comments
    CFS
    Dec 07, 2016 07:31 AM

    i never understand people that have a “long only” mentality.
    Sure, most of the time, one should be long because, measured in fiat, fiat slowly loses value.

    Dec 07, 2016 07:32 AM

    A major rally has started.

    CFS
    Dec 07, 2016 07:32 AM

    Europe, in general, is a good place to not be too long.

    http://www.zerohedge.com/news/2016-12-07/france-decomposing-front-our-eyes

    CFS
    Dec 07, 2016 07:37 AM

    With regard to the US, my key word is not bull, not bear, not long, not short, but ROTATE.

    http://www.zerohedge.com/news/2016-12-07/david-rosenberg-throws-trump-rally-heres-why

    Dec 07, 2016 07:25 AM

    John Williams must go !

    Keep draining the swap !

    CFS
    Dec 07, 2016 07:49 AM

    The SGE closed today at Gold %1202.01, Silver $18.59

    CFS
    Dec 07, 2016 07:52 AM
    Dec 07, 2016 07:58 AM

    Anything that relies on yield is going to get crushed along with bonds.

    Dec 07, 2016 07:06 PM

    Based on the daily RSI(14), DIA (Dow ETF) has not been this overbought since October, 2006. Should it be a surprise that the masses are so confident when while stocks have almost never been so overvalued?

    http://stockcharts.com/h-sc/ui?s=DIA&p=D&yr=1&mn=4&dy=0&id=p18349610960&a=433404534

    Dec 07, 2016 07:20 PM
      Dec 07, 2016 07:58 PM

      Nice charts. Stocks are in the upper atmosphere where there’s not much oxygen. I expect volatility to return within a week as this rally runs out of steam.

      Dec 07, 2016 07:59 PM

      Matthew did you see the news releases posted from Americas Silver Corp and Scorpio Gold?

        Dec 07, 2016 07:36 PM

        Yes I did. It helps to put yourself on their email lists. 😉

          Dec 07, 2016 07:54 PM

          Gotcha. Just making sure amigo.

          1) I’m impressed with the development progress with Americas Silver Corp at their San Rafael Project (coming on-line for production next year). What do you think of them getting an NYSE listing and doing a reverse split (likely a 10:1) ?

          2) With Scorpio Gold, it would be nice to see Integral Wealth Securities Limited get things moving for them with a bit more liquidity.

          Cheers!

            Dec 07, 2016 07:19 PM

            I think getting the listing is a good idea but there’s no need to rush it. If silver performs the way I think it will next year, then the reverse split that is needed might be 5:1 or less.

            My position is now 5.82x what it was two or three weeks ago.

            The weekly “golden cross” is coming soon…

            http://stockcharts.com/h-sc/ui?s=USA.TO&p=W&yr=4&mn=1&dy=0&id=p12180497104&a=445290028

            Dec 07, 2016 07:39 PM

            Wow, the weekly golden cross hasn’t happened in years. Well I’ve got a nice position in it as well and have been adding to it the last few weeks. My concern was that I thought the reverse split was being voted on Dec 19th, but maybe they’ll wait to implement it until later? I was just wandering what that may do to the share price going into the end of the year, as that isn’t much time to get the share price up. They said the stock must be above $2 for the NYSE listing.

            Dec 07, 2016 07:56 PM

            If the details will be settled on the 19th, then the rollback would obviously have to be close to 10:1, but if it’s just a yes or no vote with the details TBD, then we could get a lot less than 10:1.
            Either way, I think it is pretty much priced-in so I am not concerned about it. The juniors that really tend to get pounded on rollback news are the serial diluters that must sell shares to finance everything they do. That is obviously not USA and I can’t think of a better, more shareholder-friendly reason for a rollback than to gain access to U.S. investors while simultaneously benefiting from an increase in confidence that such a listing would bring.

            Dec 07, 2016 07:29 PM

            Yes, I think the dual listing is worth it, and the higher share price would attract other institutional buyers that won’t touch it at current levels. It would definitely open up a larger investing universe.

    CFS
    Dec 07, 2016 07:41 PM

    I know folks on this website often refer to GDX or SIL, or GDXJ or SILJ as their major ETFs they look at in mining, but have you ever considered an ETF I mentioned several months ago as a better pick?

    http://stockcharts.com/h-sc/ui?s=PICK

    Dec 07, 2016 07:49 PM

    Matthew “if silver performs the way I think it will next year”

    You have been thinking it will perform that way for how many years now?

    You sound like the Brooklyn Dodger fans, there is always next year

      Dec 07, 2016 07:48 PM

      It performed the way I thought it would in 2016 and I was positioned for it. My top three positions were silver juniors. I was extremely over-weight them before they went up 1,000%+ from their lows. I was buying while you were paralyzed and crying.

      You sure think highly of yourself as an investing authority for a guy who’s been unable to take any rational actions since at least 2011.

    Dec 07, 2016 07:01 PM

    JTL/Birdman:

    You have to be the BM. No one else could be so consistently wrong and so arrogant at the same time. I suppose when you get on board and finally admit silver is still in a bull market, that will start a silver correction just as you did when you jumped on the gold bull. You are incapable of learning from experience.

    And by the way, you are not wrong from when you admit it. You are wrong from the first time you are wrong and that’s been all along. Go away like you promised swamp rat.

    Dec 07, 2016 07:16 PM

    Hey jerk, I “jumped on the gold bull” in 1999 when it was $272 and silver was $4

    If you don’t know the facts you should shut your mouth

      Dec 07, 2016 07:19 PM

      JTL/BM:

      Of course you jumped on silver at $4 in 1999 except for the fact that it didn’t go to $4 until November of 2001. You can’t even read a chart. Silver was never $4 in 1999 and gold got to $252 in late August of 1999, not $272. I know because I was buying it at $252 but you damned sure weren’t in that line.

      Like everything else you say, you made it up.

    Dec 07, 2016 07:17 PM

    Now go peddle your $3 garbage

    Dec 07, 2016 07:20 PM

    JTL/BM;

    Is that the best you can do?

    Dec 07, 2016 07:21 PM

    You can’t even imagine the best I can do

    Dec 07, 2016 07:25 PM

    Hey jerk, if you want to start questioning whe I bought gold we can make a mans wager.

    I will pull out the invoices and you will look like a jerk.

    Al can hold the money and you will lose like the loser you are

    You wanna bet?

    Let’s go !

      Dec 08, 2016 08:44 AM

      JTL/Birdman:

      Why don’t you contact Al and tell him I will bet $1000 to his favorite charity that you do not have an invoice for $4 silver from 1999. You made it up. Yes, you could have bought gold at $272 but the low was $252 in August.

      You lied about buying silver at $4 in 1999 just like you lied about leaving and several other lies I have caught you in. You are a liar.

    Dec 07, 2016 07:28 PM

    And why are you dragging Birdman into this?

    He wasn’t even involved in this thread

    Dec 08, 2016 08:25 AM

    Hey ahole, I said I jumped on the gold bull in 1999 for around $272 an ounce.

    I didn’t say I bought silver IN 1999 for $4 you jerk.

    I started buying silver when it was $4’amd change, my earliest recollection was $4.65
    Could be lower.

    What you think I am going to give you the exact day, hour and moon phase you jerk a

    Now,you claim you,caught me in several other LIES? Really
    I would love to hear them you jerk

      Dec 08, 2016 08:25 PM

      This is what you said

      Hey jerk, I “jumped on the gold bull” in 1999 when it was $272 and silver was $4

      In 1999 silver was not $4. You said …jumped on the gold bull” in 1999… and silver was $4

      Get someone who understands English to explain subjects, adjectives and verbs to you.

    Dec 08, 2016 08:28 AM

    And I still want to get you, and not for ALS charity either.

    I have my own charities, why would I bet on someone else’s.

    Name your so called lies and I will bet you 10k

    Dec 08, 2016 08:11 AM

    And I am not Birdman.

    I’ve been JTL lesser the last 5 years or so, and don’t attack me if I don’t know the exact day I started posting here you jerk.

    You wanna bet I am not Birdman?

    It’s swamp creatures like you who probably drove him off