canadian.100 wrote: ↑18 Feb 2024 08:04 ... I consider my present Pref Shares be treated as an "Annuity" and I should just keep collecting the dividends and ignore the market value
Geez, I wish this forum had a "like" button!clason wrote: Like MaxedOut, I buy the yield (or a pseudo-annuity) rather than a security. I don't fret over the price, unless it's time to add.
Fixed income investment has a fundamental choice between Security of Income vs. Security of Principal. Preferred shares are way, way over to the 'security of income' side. If that's what you want, great!