RE:RE:RE:So Let's talk About Investment StrategiesMaxmoe wrote: Oh, and jack, Thumbs up from me. Better than the usual jackhole bickering with realtrevor.
Thanks Max, here's my other investment thesis.
For the past several months I've been buying perpetual perferreds. If rates go down the perptetual perferreds won't be affected like the resets. I was buying brf.pr.e and brf.pr.f in the $19.50 range locking in about 6.75%. The important thing is they are well under the recall price of $25. When the recall option for Brookfield comes due in a few years there's a good chance they will be recalled at the issue price and Brookifield will just do another issue at a lower reset rate. It's just a matter of a few clicks on the computer for Brookfield. These Brookfields are trading at around $22 so there is still room to run. I
The important thing is PERPETUAL not Resets.
(These are Brookfield RENEWABLE energy preferreds so my buddy Trevor might throw another Greta hissy fit when he reads this)