What is naked short selling, and why is it so unpopular in Germany, the home of the nudist? (Oh I see! Not that kind of naked…)
The Investor
I recycled some of my equity portfolio into Natwest preference shares. Out of the frying pan, into the microwave oven?
Preference shares offer a fixed income like corporate bonds, but with fewer of their safety features.
Did you buy bank preference shares when the market was giving them away? Me neither. What an incredible opportunity it was.