7. For the Income Investors: What is a Preferred Stock?

🐰 Follow us down the rabbit hole of Preferred Stocks and try to not get lost along the way (“I said in simple terms, Jess” 😄). Imagine, a common stock and a bond had a baby, but with the complications and nuances of a mutual fund, and you’ve got a preferred stock. 👶 Some things you’ll learn in this episode: Income Stock Convertible Security Fixed Income Security Par Value Bond Ratings Company Credit Scores “Preferential Treatment” A quick lesson on how D...