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AFINP - American Finance: Defend Your Income With This 7.5% Preferred
American Finance Trust Inc. 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
Co-produced with Beyond Saving
For income investors, the preferred stock space is one of the most defensive and conservative ways to get exposure to high-yield stocks. That is one of the reasons why we took advantage of the significant pullback in preferred shares that occurred early in 2019. We set a target to have 35%-40% of our portfolios in fixed income like preferred shares.
As the Federal Reserve cuts its target rate, we saw a healthy rally in fixed income and it was a source of significant gains for us. This led to us selling