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As an income investor, I feel that it is very important to diversify my holdings and to build a portfolio on a strong foundation of securities where the parent is relatively safe and has the ability to pay a reliable and sustainable distribution. Preferred stocks & ETD securities are a key part of the foundation from which I build upon. There are many risk levels within each asset class and type of investment that an investor can choose from. This includes preferred stocks and ETD securities. If an investor is looking to reduce his or