How do I buy preferred stock?

[moneymaker]

Ok, so I have some Ford stock but I’m sure it is common stock. How does one buy the preferred Ford stock?

[gzz]

F is common stock. Preferred stock doesn’t always trade, but if it does it has a different ticker symbol.

[moneymaker]

Thanks gzz,
Another question I have is if I think a friend/relative is investing in a company that I believe is a ponzi scheme, should I say something or just let them learn the hard way.

[Coronita]

You are brave to continue to throw money at one stock. I mean it’s great if you guess correct, but if not?

Here’s my 2cents. If you are going to have a big swing up , it won’t matter if you have 5k 10k or 15k shares. You will find the only difference will be do you win a lot or win A LOT.. Adding more shares one the way down I don’t think is a winning proposition. At least you should wait for a good earnings report before adding more.

Regarding your friend.. Unless they asked you for an opinion, don’t give it. You get nothing in return at best, and only have downside to give your opinion on something that they probably already made their mind up on. Most people really don’t want others to rain on their financial decision. Short of an anonymous blog, I wouldn’t do this to someone in person I knew well.

[moneymaker]

It is mad money that I’m buying stocks with. I own Apple, Qualcomm and Ford. With Ford I bought at 9,8.5,8,and just now at 7.5 in equal amounts. If it gets down to 7 I hope to buy more. I’m following Jim Cramers tactic of buying as it drops. My reasons for buying Apple and Qualcomm are because of 5G. My reason for buying Ford is that it is below book value and pays a 7+% dividend, I was into AT&T for similar reasons. I like that Ford is making the Ranger again, just wish they would sell the diesel version here in the US.

[Coronita]

VZA(Verizon preferred) is 5.9% But with rising rates, do you really want to camp out in these?

[gzz]

Rising rates? Rates are at an 11-month low.

Wells Fargo now has 4.125% 30-year jumbos.

Sebonic, an online lender I used with no problem, who sent the loan to Chase right afterward, is now 3.75% rate / 3.9% APR for 30-year conforming.

Easy money is back baby!

[Coronita]

[quote=gzz]Rising rates? Rates are at an 11-month low.

Wells Fargo now has 4.125% 30-year jumbos.

Sebonic, an online lender I used with no problem, who sent the loan to Chase right afterward, is now 3.75% rate / 3.9% APR for 30-year conforming.

Easy money is back baby![/quote]

CD rates have been creeping up. don’t know about mortgage rates.

[Author]

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