1. Preferred stocks, bonds, mutual funds.

2. Preferred Stocks: Preferred stock is like a perpetual bond.

3. Day trader whose strategy is based on Arbitrages in preferred stocks and closed-end funds

4. With preferred stocks, the issuer may Call the stock to retire it, or remove it from the marketplace

5. • Equities (including exchange-traded funds, common and preferred stocks, stapled securities and publicly traded real estate investment trusts)

6. Preferred Stocks: Preferred stock is like a perpetual bond. A given dollar amount is to be paid each year by the issuer to the investor.

7. The rating for preferred stocks is generally lower than for bonds because preferred dividends do not carry the same guarantees as interest payments from bonds and because preferred-stock holders' claims are junior to those of all creditors.