3160: The Yield Shield: Preferred Shares by Wanderer of Millenial Revolution on Investment Income

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🗓️ 30 May 2025

⏱️ 15 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3160: Wanderer explains how incorporating preferred shares into a retirement portfolio can mitigate sequence-of-return risk by boosting income during the vulnerable early years of retirement. By swapping part of their bond allocation for these higher-yielding, bond-like assets, early retirees can increase cash flow while strategically managing volatility and cost. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/yield-shield/the-yield-shield-preferred-shares/ Quotes to ponder: "A Preferred Share is kind of a mix between a stock and a bond." "When you retire, you basically take a portion of your bond allocation and swap it for Preferreds." "Our longer term plan as our portfolio grows (and our dependence on our Yield Shield decreases) is to exit these positions and pivot back towards a normal bond ETF." Episode references: iShares S&P/TSX Canadian Preferred Share Index ETF: https://www.blackrock.com/ca/individual/en/products/239832/ishares-sptsx-canadian-preferred-share-index-etf Risk Parity Radio: https://www.riskparityradio.com/ iShares U.S. Preferred Stock ETF (PFF): https://www.ishares.com/us/products/239826/ishares-preferred-and-income-securities-etf Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:41.3	The Yield, Preferred Shares by Wanderanderer of Millennial-revolution.com.
1:49.4	When you pull the trigger and retire, the biggest danger you need to worry about is a sudden market
1:55.5	crash right in your first few years that forces you to sell assets at the exact wrong time.
2:02.9	This is known as sequence of return risk.
2:06.3	Today, we're going to talk about how we actually did that.
	...

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