Steve Pomeranz, of Pomeranz Financial Management spoke with CNBC today about the hidden threats of reverse convertible notes (RCNs), which could be hiding in your portfolio.
- 0:26 Watch out for reverse convertible notes, they aren’t bonds!
- 1:08 High yield is so enticing and its backed by a blue chip, but its not always safe
- 2:25 You are gambling with RCNs and the house is going to win
- 3:00 You can’t escape once you have them
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