Episode 9: How To Choose Investments Using A Process And An Application To A Preferred Stock Fund

<p>In this episode we discuss how NOT to choose investments and how to employ a good process to analyze an investment.  We adopt the process of David Stein&apos;s 10 Questions To Master Successful Investing and apply it to PFF, an exchange-traded fund of preferred stock.<br/><br/>Links:<br/><br/>Investopedia Article -- &quot;How Does Preferred Stock Work?&quot;:   <a href='https://www.investopedia.com/articles/stocks/06/preferredstock.asp#:~:text=Preferreds%20are%20issued%20with%20a,of%20the%20preferred%20shares%20falls.'>https://www.investopedia.com/articles/stocks/06/preferredstock.asp#:~:text=Preferreds%20are%20issued%20with%20a,of%20the%20preferred%20shares%20falls.</a><br/><br/>Ishares description of PFF:  <a href='https://www.ishares.com/us/products/239826/ishares-us-preferred-stock-etf'>https://www.ishares.com/us/products/239826/ishares-us-preferred-stock-etf</a><br/><br/>Portfolio Visualizer&apos;s Asset Correlation Analyzer:  <a href='https://www.portfoliovisualizer.com/asset-correlations'>https://www.portfoliovisualizer.com/asset-correlations</a><br/><br/>&quot;Money for the Rest of Us:  10 Questions To Master Successful Investing&quot;:  <a href='https://moneyfortherestofus.com/how-to-invest-book/'>https://moneyfortherestofus.com/how-to-invest-book/</a><br/><br/>The 10 Questions To Ask When Considering An Investment:<br/>1.  What is it?<br/>2.  Is it an investment, a speculation, or a gamble?<br/>3.  What is the upside?<br/>4.  What is the downside?<br/>5.  Who is on the other side of the trade?<br/>6.  What is the investment vehicle?<br/>7.  What does it take to be successful?<br/>8.  Who is getting a cut?<br/>9.  How does it impact your portfolio?<br/>10.  Should you invest?</p>