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No. of Recommendations: 3
Personally I would only buy individual preferred stocks.

Me too. It isn't that hard, and you'll save the expense ratio of the ETF.

To get you started, if you don't want to spend the money for a subscription or book:

- List the top 10-20 holdings of the Preferred ETFs,
- Look them up on and discard all the ones that are not investment grade. That is, below Moody's Baa3.
- Buy the ones that are going for below par (usually $25)
- Buy the ones that are over par only if they have at least 1 year to the call date and the price is not more than 4 quarters of dividends over par.

Unfortunately, right now there are slim pickings in good preferreds. All my best ones are getting called, and the new ones coming out have low yields.
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