Many of the clients who come to us at SAM are looking to build a retirement portfolio that generates a steady stream of income. They don’t want an all-stock portfolio — too risky. An all-bond portfolio doesn’t yield enough for their needs. And the “tried-and-true” 60/40 blend has proven to be riskier than many realized was possible.
Fortunately, we have another choice on the menu. Preferred stocks have a reputation for generating a higher return than most bonds while being less risky than common stocks.
