Normal
Just to add further to the thread. Right now a most of my interest sensitive investments are being hammered, lower income due to the lower Bank Bill Swap Rate. Suncorp has sent me an email telling me about their Issue of Convertible Preference Shares coming up. It will be called CPS2.As I understand it this CPS2 will offer 4.65% over the BBSW. The BBSW right now is around 3.18%. So 3.18% + 4.65% will give you 7.83% income on your capital invested. Sure there are rules and nothing is guaranteed but I am willing to buy such a stock in order to lift my portfolio. This is what I mean about having to take risk on, of course DYOR, cheers.
Just to add further to the thread. Right now a most of my interest sensitive investments are being hammered, lower income due to the lower Bank Bill Swap Rate. Suncorp has sent me an email telling me about their Issue of Convertible Preference Shares coming up. It will be called CPS2.
As I understand it this CPS2 will offer 4.65% over the BBSW. The BBSW right now is around 3.18%. So 3.18% + 4.65% will give you 7.83% income on your capital invested. Sure there are rules and nothing is guaranteed but I am willing to buy such a stock in order to lift my portfolio. This is what I mean about having to take risk on, of course DYOR, cheers.
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