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Reviewed by Astrid Iustulin for Readers' Favorite
Preferred Stocks: The Art of Profitable Income Investing is the second book that Kenneth G. Winans has dedicated to this form of investment. His first book, Preferreds, was published in 2007, shortly before the financial crisis of 2008. Preferred Stocks was published in 2010, only three years after the first book, but the financial crisis had such an impact that a new volume was necessary. After the crisis, preferred stocks have become one of the favorite forms of investment. The US government has used them to stabilize the economy and, therefore, they have become very popular. But do investors know what preferred stocks are? And are they aware of the risks and rewards related to them? Winans’ book answers these and many other questions.
Preferred Stocks is not the easiest book to read, but it is a rewarding one. The first part is the most interesting both for specialists and general readers. Winans offers an essential but very intelligent summary of the situation before and after 2008. I appreciate that this part uses bullet points because it makes the text immediately comprehensible. The other chapters are more suitable for readers who have in-depth knowledge of preferred stocks. They will find this part the best explanation of preferred stocks and their dynamics. Winans offers valuable information and suggestions on every aspect of preferred stocks, and many charts add value to the text. On the whole, Preferred Stocks is a well-informed and enlightening book that will be a source of interest for every reader who wants to know more about this form of investment.