I have three different 28 days cycle Auction Rate Securities. They are:
CLOUGH GLOBAL
OPPORTUNITIES FD AUCTION
MKT PFD SER TH28 (THURS)
5.7% NXT AUC 9-13-07
ING CLARION REAL ESTATE
INCOME FUND AUCTION MKT
PFD SHS W (WEDNESDAY)
5.31% NXT AUC DT 8-22-07
REAVES UTILITY INCOME
FUND AUCTION MARKET PFD
SERIES B
5.27% NXT AUC DT 8-22-07
All three ate AAA rated. In your opinion, should I sell these and go to cash? My broker swears I am fine with these. What is your opinion? Thanks in advance.
CLOUGH GLOBAL
OPPORTUNITIES FD AUCTION
MKT PFD SER TH28 (THURS)
5.7% NXT AUC 9-13-07
ING CLARION REAL ESTATE
INCOME FUND AUCTION MKT
PFD SHS W (WEDNESDAY)
5.31% NXT AUC DT 8-22-07
REAVES UTILITY INCOME
FUND AUCTION MARKET PFD
SERIES B
5.27% NXT AUC DT 8-22-07
All three ate AAA rated. In your opinion, should I sell these and go to cash? My broker swears I am fine with these. What is your opinion? Thanks in advance.