A Preference for Preferreds: All you need to know about investing in preferred stock

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 c...