{"id":2881,"date":"2008-09-08T17:47:41","date_gmt":"2008-09-08T21:47:41","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2881"},"modified":"2008-09-08T17:47:41","modified_gmt":"2008-09-08T21:47:41","slug":"prefletter-two-new-recommendation-classes","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2881","title":{"rendered":"PrefLetter: Two New Recommendation Classes"},"content":{"rendered":"<p>The September issue of <a href=\"http:\/\/www.prefletter.com\">PrefLetter<\/a> will be prepared as of the close on September 12 and eMailed to subscribers prior to the opening on September 15.<\/p>\n<p>Two new classes of recommendations will be included:<\/p>\n<ul>\n<li><b>Fixed-Reset<\/b>: My disdain for Fixed-Reset issues as currently priced is <a href=\"http:\/\/www.prefblog.com\/?p=2200\">well known<\/a>, but some people like them! Clearly, some of these issues will be better investment choices than others. Now that the asset class has been <a href=\"http:\/\/www.prefblog.com\/?p=2877\">added to HIMIPref&trade;<\/a>, a recommendation from this class of preferred share will be included with the other recommendations.\n<li><b>Short-Term<\/b>: I do not usually recommend short-term issues for preferred share portfolios, due in part to the fact that the relatively low level of price volatility gives little opportunity for trading; also due to the idea that the recommendations are for long-term buy-and-hold investors. However, there is public demand for short-term issues. While I will not create a specific asset class for these issues, I will henceforth recommend at least one issue from the combined OpRet \/ SplitShare indices that would otherwise be ineligible for recommendation due to shortness of term. Note that by &#8220;short-term&#8221;, I generally mean (as is usual in the bond world) &#8220;less than five years&#8221;.<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The September issue of PrefLetter will be prepared as of the close on September 12 and eMailed to subscribers prior to the opening on September 15. Two new classes of recommendations will be included: Fixed-Reset: &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-2881","post","type-post","status-publish","format-standard","hentry","category-prefletter"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2881"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2881\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}