TLDR:
The investment record of privileged senior issues is unimpressive. The article discusses examples of opportunities for such issues from various fields and advises investors to have a clear reason for purchasing them. It highlights the importance of investing in convertible issues with sufficient investment security and avoiding speculative holdings for extended periods. The article advises investors to avoid compromising investment for speculation. Conservative buyers of convertible bonds should sell bonds at a profit of 25-35% instead of converting them into stocks.