Sell W.R. Berkley Capital 6.75% Preferred (WRB-PA)

I’m going to sell these preferred shares out of Jubak’s Picks as of October 7. They’ve given me what I wanted—a good return and safety– while the market and economy were at their shakiest. But the reward for staying on board going forward is limited to the yield, about 7.2% at the moment—and I think I can do better while taking on only slightly more risk by moving from these preferred shares to the common stock of insurer W.R. Berkley. I’ll be buying those shares today; see my post below. Read more