For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the main financial newsletter advisors asking for their favorite stocks for the coming year. that exposition is one of 100+ ideas in the Best Stocks for 2008 report.

“The most boring part of the stock market is foreign bank non-cumulative preferred stocks,” explains Vivian Lewis, in her Global Investing Pro. (Incidentally, Vivian was the #1 performer in final year’s Best Stocks report.)

“But there is money to be made whether you can keep your eyes open and your wits about you. For nearly 20 years, since the vehicle was invented by Barclays plc, British (and Irish) banks have issued preferred stock in denominations appealing

“These preferred shares have an expiration term. They normally run for ten years, after which they may be called. (They are not always called at maturity, whether the issuing bank doesn’t want to repay the $25 and interest rates are shut to the level at which the preferred was issued.)

“They sometimes can be called at a reduction from the issue price before the ten years are up, although in a period when banks are capital-hungry that is unlikely.

Continue reading Best Stocks for 2008: A ‘preferred’ play on Royal Bank of Scotland

Original post by Steven Halpern

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