No. of Recommendations: 1
Folgore, I like the trust preferred issues most recently posted in message 25209 on this board--

I recently counted, I own a diversifed portfolio of them, 35 issues all together.

All were clobbered in the market last fall, but most of the better quality ones are slowly recovering. I have been buying mostly AAs and As recently, but have my share of BBB and BBs too from sometime ago.

Currently I am 70% bonds/30% equities, but reinvesting interest payments in good quality stocks. (Retired. Age 62. Just started Social Security.)

Bond rating agencies can regrade (downgrade or upgrade) a bond rating anytime they feel circumstances justify the change.
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