Sell Equity, Buy Fixed Income, Part 4: GGN And 6% From One Of The Highest-Rated Preferred Shares On The Exchange
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The article suggests avoiding equity in favor of fixed income, particularly closed-end fund preferred stocks like GGN-B, due to the inverted earnings yield curve. GGN-B offers a 5.96% yield and an A2 credit rating from Moody's, making it a safe investment. GGN's portfolio focuses on gold and natural resources, using covered call options for income.
February 12, 2025 | 9:15 pm
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GGN's preferred stock, GGN-B, is highlighted as a safe investment with a 5.96% yield and A2 credit rating. The fund's strategy includes a focus on gold and natural resources, with income generated through covered call options.
The article emphasizes the safety and yield of GGN-B preferred stock, which is part of GGN's portfolio. The focus on gold and natural resources, along with a covered call strategy, positions GGN favorably in the current market environment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80