Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?"The government will likely do whatever it takes to breathe life back into the banking sector," says Bryan Perry. In The 25% Cash Machine the growth & income specialist eyes iShares S&P US Preferred Stock (NYSE: PFF).
"One of the hottest themes of 2009 for big-cap money managers is to take a stake in high-yielding preferred stocks in companies backed by the Troubled Asset Relief Program.
"Preferred stocks were smoked with the credit markets in the latter part of 2008, to a point where the definition of 'capitulation' was rewritten for all time. But investors are still attracted to preferreds because yields are near double digits, and famed investors like Warren Buffett are also investing their money there.
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