Re: Rate-reset preferreds--checkmate
If you won't need the capital, don't worry about short-term volatility. They will come back.
But they do trade like their underlying stocks, so will fall when the market falls, and I get the feeling some people who own them don't understand how they work.
I may start trading them, selling on bull runs and buying back on weakness, if I get bored. But missing out on the dividends would suck, and I am feeling more lazy these days, tired of the market bs, tired of the world's bs.
Have a great day.