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Investors often must accept a bit more risk to get more income out of their investments – often, but not always. Preferred stocks are one of a handful of high-yield exceptions to that norm.
It's seen as safe, and maybe even exciting, by many younger, stock-averse savers. But this love affair may be a lot more dangerous than they realize.
There’s never a shortage of ways to put your money to work. Something is always making forward progress – even if it’s at the expense of other investment options.
But steering clear...
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