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No. of Recommendations: 2
Jim says>>>>>>>>>Do I get an "yes-you-told-us-so" from any old timers on this board? I've been banging the drum to nail down yields and minimize call risk for the past 20 years. Remember when many on this board a few years ago were running for the exits on preferreds (and REITs in general) because of Fed rate increases>>>>>>>>>>>>>>>>>>>>>

I'm one of those old timers who worried about inflation/increased rates that found your mostly singular drum beat convincing and am thankful I listen, although I never went all in and bought the sub 5% PSA prfd! Back then your position was contrary to what most, like me, were thinking, how to position our portfolio for the inevitable next cycle of inflation and interest rate increases, are Reits good inflation hedges etc.

Also props for you bringing QTSPRB to our attention last year now up over 30%. And thanks to Martin for bringing these new issues to our attention.

It seems that now most of the investing world (including me) are complacent about the risk of inflation and long term rate increases... could this be a negative indicator? When was the last time folks were talking about inflation hedges as part of a well diversified portfolio? Just musing, as someone here used to say.

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