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Financial Planning Question – European Stocks

 

Q: I enjoy your show every Sunday. Thank you. I am worried about 2 stocks that I own. One is, DUA 300 shares of it. It is a preferred stock and the other is EXC. I bought these for income. Because of Europe problems, should I sell DUA? I very much appreciate your reply.

A: Per SEC regulations, we cannot give recommendations on specific securities without first establishing a financial advisory relationship. That being said, here are some general thoughts on your question.

The European crisis has made a lot of securities related to the region (especially banks) very hard to value. It’s important to remember that preferred stock holders are rather low on the capital structure, meaning they would be made whole after bond holders had been made whole in the event of a default.

EXC is a common stock. They have cut their dividend recently. Unless you have high conviction about an individual security, you may consider using an ETF or mutual fund to gain access to an entire asset class (like utility stocks).


 

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