Sep 7, 2016
The chase for yield continues with interest rates near zero--The Wall Street Journal reports that some investors have jumped into preferred stocks at almost precisely the wrong time, forgetting that preferred stocks lost 9% in 2007, 38% in 2008, and lost 7% in 2011. Some analysts say preferreds are at their riskiest point in history. Steve and Sinclair have the Wall Street Journal report, then Steve does a consumer review on an annuity article found on CNN Money!