V wrote:
> http://www.nuveen.com/etf/products/fqf.aspx?fundid=JTP
>
> They seem well diversified and the credits are decent quality.
>
> What do you think about preferred income funds...safe or just gift
> wrapped junk bonds?
>
Risk follows reward. The 10 year treasury yields 3.5%. My bank is
willing to lend me money at 4% secured by a house with low debt to
equity. This fund has a distribution rate of 9.3%, which has to tell you
something.
Joe
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