Auction Rate Securities....safe?

Discussion in 'Economics' started by jrcase, Aug 18, 2007.

  1. jrcase

    jrcase

    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.