Looking around a lot of the stock market I was unsure about investing in food production stocks. A few weeks ago there was a rumour that Mr. Buffett was looking at Kraft Foods (KFT) that I am sure was only a rumour and the purchase of HNZ was the real food company purchase. Anyway Kraft looks expensive to me. I have some concerns with the whole food production sector in the wake of the Heinz purchase. So I stepped aside from Kraft Foods. For the time being.
A nice little area though for me was Barclays Preferred Stock ETF.
As you may know I love those ETF's that return a monthly dividend, and the Barclay US Preferred Stock ETF is currently just over $40 and paying an annualized rate of about 5% yield.
No too shabby, I estimate a monthly return of about 17 cents per share in dividends.
The dividends do vary a little from month to month but I like the return so opted to buy into Barclays US Preferred Stick ETF (PFF) for the shortish term, not less than a year. Then to reassess the situation in February 2014.
The sale of HNZ was forced by the purchase of HNZ by a consortium led by Warren Buffett' Berkshiew Hathaway and the Brazilian owners of the Burger King chain announced last week.
I do now own PFF stock, this is not an endorsement of that stock, I am not a financial advisor and you should examine the purchase of any stock very carefully to assure yourself of the risks and possible rewards. If in doubt consult a tax professional or your accountant before making adjustments to your stock portfolio.