SOLD 50 CUZPRB IN REGULAR IRA

I have been trading the Cousins cumulative preferred issues, many times since I started this blog in October.  I will sell shares on spikes, hopefully clip a dividend which I just did on CUZPRB, and then sell for a profit.   I just sold 50 shares at $15.70  that were bought on 4/15/09 at $12.8.Buy of 50 CUZPRB in Regular IRA/Bonds vs. Stocks: 1968 to 2009/ABBOTT/UBS & Tax Evasion by the Rich/NRA: AK47s for Everybody   For readers of this post, this is old hat stuff, since I am always trying to manage the risk of securities in a disfavored asset class by trading the position.  REIT cumulative preferred issues are disfavored primarily due to their lack of maturity date and the current financial problems many of them are having due to the economy and the credit crunch, which creates volatility and enhances both risk and potential return.  More on Investing Process and Blackjack/Large Risks & Opportunities In the Savaged REIT Securities/ AA, GE

I have traded both preferred issues of Cousins and view them as functionally equivalent to one another.  

I did not attempt to go back and provide all the links to trading CUZPRA and CUZPRB, but here are a few of them which shows a pattern in the trading activity:

CAN NOT IGNORE SPIKES IN PRICE OF REIT CUMULATIVE PREFERRED ISSUES: SOLD CUZPRA

Buy of CUZPRA

REITS: FIRST INDUSTRIAL AND COUSINS PROPERTIES

I am moving more into synthetic floaters in the retirement accounts as an alternative to some fixed coupon investments like REIT preferred securities.

DISCLAIMER

  I am not a financial advisor but an individual investor trying to navigate my way through a difficult market. I have never worked for a financial institution and never will.  In these posts, I am acting as an unpaid financial journalist and an occasional political commentator.   I am also aggregating financial news stories that I view as important and providing readers of these posts with links to those articles, sort of a filtered, somewhat intelligent, free search engine.  Any discussion made by me of particular securities  is not a recommendation to buy or to sell.  Trade at your own risk.  Consult with your financial advisor prior to making any purchase or sale. I will try to identify my sales too but it may take a few minutes after I implement them to create a post explaining my reasons.  The sale may before or after the post.  Before buying or selling any stock, even one recommended by a trusted financial advisor,  please research it and make up your own mind which is what I always try to do.  Research would include reading reports, reviewing financial records, earnings estimates, sec filings and prior earnings releases and news.  In this post, and all others by me, I am merely describing my reasons for purchasing  or selling securities, and the potential pitfalls that I identified prior to purchase or the reasons for a sale.  The securities mentioned in this and all posts written by me may not be suitable for others based on their unique financial position and risk profile.  By way of example, it is unlikely that I will ever need the funds contained in my retirement accounts. Always read the prospectus before buying a Trust Certificate, bond, preferred stock or other bond or bond like investments.  Information contained in my posts has been obtained from sources believed to be reliable but cannot be guaranteed.  It is always important to follow the investment process. the investment process/links to further information on canadian energy or royalty trustsInvestment Process Part II: Bonds and Bond Like Investments   NOT A RESEARCH SERVICE/Add of PWE Last Week   These posts by me do not constitute investment advice, nor shall they be construed as a guarantee of future results, or as an offer of any transaction in securities.   All content in these posts is provided for informational and entertainment purposes only, and it is a form of entertainment for me.  Anyone interested in a topic may want to review all discussions contained in the blog about it by using a relevant search term in the box at the top. Opinions are subject to change and they certainly evolve over time as information is assessed and analyzed for compatibility with prior opinions, the only process for a serious investor, and a topic of frequent discussion in this post.