RE:RE:RE:RE:RE:RE:Prefered Share Rate ReductionTure, don't fall in love with any stock but I would also say it's vital to stay invested. I have read posts over the years of people that try to time a market and go to cash and then... never get back in at less than what they sold for. Look at the post election market. The consensus was a big selloff. Never happened. There are some who can beat the market but for most it's a losing game.
mouserman wrote: I bought the preferreds back at around $9.45 average , but sold before the fall at about the $ 10.15 area.. and got back into LFE , LCS ,FTN and FFN to name a few. ALL have done really well for me.. and no regrets on selling the preferreds. Have gone to cash a few times, but am easily able to get back in for distributions before ex divvy dates , and can buy back cheaper once in a while.
For me there is always another deal , as I base my buys on NAV, and fundamentals. No falling in love...rule number 1...