Investing is a lot like grocery shopping. You see a fancy steak (a high-flying growth stock) priced at a premium, and then there’s the discount aisle with perfectly good products, slightly bruised but still solid (undervalued fixed-income securities). Right now, my shopping cart has a fresh helping of SREA —Sempra’s 5.75% Junior Subordinated Notes due 2079 —which I picked up during the recent market downturn. Why SREA? Sempra Energy ( SRE ) is the parent company behind SREA, meaning this junior debt is ultimately tied to their financial health. And let’s be real—utility companies like Sempra aren’t going anywhere. People need electricity, and in the world of investment, stability is an underrated superpower. On a sidenote, I often swing trade SRE (Sempra’s common stock). SRE priced out of my algorithm for a few months but to my surprise pulled back to target. S REA is my long-term play and when I checked the price, it too had a pull-back and is trading below Par. Unlike com...
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