RE:Preferred are on sale....The "Good Sale" was back in March 2020. Now, 5 to 6 percent just doesn't cut it for me. Savings account now offering over 4% maybe even 5%, basically RISK FREE, principal secure.
I'm targeting 10%+ 5yr reset preferrs. When they reset, they will most likely reset higher, maybe even as high at 17%+. Of coarse, picking individual shares is much much risker than an ETF. But it's the Capital Gain that will most likely come with these preferrs that are offering 10%+ when they "normalize" with all the other preferrs and interest rates. Just like what happened in March 2020.
CPD propablly yield close to 10% back in March 2020....the dividend/yield was nice, but it's the Capital Gains that would have made you rich.
But I must say, with rates going through the roof, I was surprised that the 5yr reset preferrs share prices tanked past year along with all the other preferrs (perpetuals).
All just my opinion/view/thinking... everyone is different.