July 9, 2013
JZK is the symbol for buying Sprint Nextel Corporation third party trust preferreds. This is an excellent….excellent low risk opportunity to get almost 7% and you can plan on holding this for years and years. Wow what an easy way to earn a relatively high yield.
I would suggest up to 2% of the portfolio. Try to get at $25.00 or less. Essentially these are preferred stocks issued by a banker and backed by a single long bond.
Look at it this way: you can get Sprint to pay part of your phone bill!!!!!!!!!
Go to “HOME” (top of page) and scroll down for all posts. This blog discusses dividend paying investments that I find appropriate for myself…..and for investors seeking dividends and income. I am not an investment professional. You must do your own research before buying any position. All gains or losses that you realize are based on your choices.