-----Original Message--------------------------------------------------------------
From: John F.
Sent: Wednesday, August 5
I bought the book and have been reading it every night. I find it fascinating and well written.

-----Original Message--------------------------------------------------------------
From: Christopher G.
Sent: Friday, July 24
I have been a CDx3 subscriber since 2014 and very much enjoy the service, often recommend to friends and colleagues.

-----Original Message--------------------------------------------------------------
From: Rob J.
Sent: Friday, July 24
You have a great service and we have enjoyed using it for several years.

-----Original Message--------------------------------------------------------------
From: George E.
Sent: Sunday, July 12
Great book!

-----Original Message--------------------------------------------------------------
From: Bob P.
Sent: Monday, July 6
Our initial exploration of the software has been very positive. Our thoughts on the software are terrific.

-----Original Message--------------------------------------------------------------
From: Michael F.
Sent: Sunday, June 28
You offer unique information and services provided.

-----Original Message--------------------------------------------------------------
From: Gregory L.
Sent: Monday, June 15
It is the go-to service to get concise information about preferred shares.

-----Original Message--------------------------------------------------------------
From: James M.
Sent: Friday, June 12
So easy to understand. Get far more benefits than compared with the cost.

-----Original Message--------------------------------------------------------------
From: David B.
Sent: Friday, June 5
I really appreciate you all and your service. Simply great!

-----Original Message--------------------------------------------------------------
From Don Q.
Sent: Monday, June 1
For my retirement I planned all along for a worst case scenario and only found comfort and confidence after reading your bible and still do. Thank you sir!

-----Original Message--------------------------------------------------------------
From: John G.
Sent: Sunday, May 31
Please keep up the good work. Yours is by far the best (and perhaps only) preferred stock platform of its kind. My retirement income strategy would be much more difficult to carry out with out it.

-----Original Message--------------------------------------------------------------
From: Don W.
Sent: Friday, May 29
Good concise data and lots of it when I need it. Very happy with service. Info at fingertips. I also like seeing what other investors are doing in the forum.

-----Original Message--------------------------------------------------------------
From: Ryan H.
Sent: Thursday, May 28
I like your service and think you do an excellent job with preferred stock research.

-----Original Message--------------------------------------------------------------
From: Wayne M.
Sent: Friday, May 15
I think that the CDx3 service is excellent!

-----Original Message--------------------------------------------------------------
From: Gilbert W.
Sent: Saturday, May 2
Timely information! Great insight from Doug, strong database search capability, company research and stock lookup.

-----Original Message--------------------------------------------------------------
From: Edward B.
Sent: Thursday, April 16
I subscribe to your CDx3 service and it works great...I have a nice portfolio of Investment Grade Preferred Stocks. Keep up the good job.

-----Original Message--------------------------------------------------------------
From: Roy M.
Sent: Thursday, April 9
Thank you for the outstanding website you have provided all these years.

-----Original Message--------------------------------------------------------------
From: Bob V.
Sent: Monday, April 6
I've been a subscriber for a number of years and as a retiree for 22 years you have helped make these years comfortable.

-----Original Message--------------------------------------------------------------
From: Mike T.
Sent: Tuesday, March 31
Great service, as usual.

-----Original Message--------------------------------------------------------------
From: Blake B.
Sent: Monday, March 16
Well organized comprehensive data at your finger tips. It is good value for the money.

-----Original Message--------------------------------------------------------------
From: Eric E.
Sent: Sunday, March 1
Thank you for your service. It makes researching preferred stocks manageable.

-----Original Message--------------------------------------------------------------
From: Bob V.
Sent: Tuesday, February 18
I have been a member of the CDx3 program for many years and have never been disappointed!

-----Original Message--------------------------------------------------------------
From: Gary H.
Sent: Sunday, February 9
I have had great success with Dougs program.

-----Original Message--------------------------------------------------------------
From: Thomas H.
Sent: Tuesday, February 4
You offer the broadest array of data. I cannot manage my preferred portfolio without it.

-----Original Message--------------------------------------------------------------
From: Richard V.
Sent: Monday, January 27
Your service performed very well in 2019. Good info. Thanks.

-----Original Message--------------------------------------------------------------
From: David G.
Sent: Friday, January 17
First off this is an excellent service. I use it all the time and I highly recommend it to others.

-----Original Message--------------------------------------------------------------
From: Ronald V.
Sent: Thursday, January 16
Ease of navigation; up to date information. Good value to cover this relatively uncovered income asset.

-----Original Message--------------------------------------------------------------
From: Deter O.
Sent: Monday, January 6
It is doing for me exactly what the book said it would. The most indepth analysis. Nice search engine/filter, too.

-----Original Message--------------------------------------------------------------
From: Richard A.
Sent: Monday, January 6
Especially like the info when new issues are going on line! Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Bruce L.
Sent: Monday, January 6
I think this is the perfect strategy for those close to or in retirement to protect their savings while living off of the income.

-----Original Message--------------------------------------------------------------
From: Gabriel E.
Sent: Saturday, January 4
Its the only site that aggregates the relevant information for you.

-----Original Message--------------------------------------------------------------
From: Larry H.
Sent: Monday, December 16
Single source that gives me immediate access to information I need to make decisions.

-----Original Message--------------------------------------------------------------
From: Greg L.
Sent: Sunday, December 15
It is comprehensive and has a rating system. There are no other notification services that I know of that are as good.

-----Original Message--------------------------------------------------------------
From: Jeff N.
Sent: Sunday, December 15
An excellent tool in my toolbox!

-----Original Message--------------------------------------------------------------
From: David D.
Sent: Friday, December 13
I just signed up for your service, and it looks great.

-----Original Message--------------------------------------------------------------
From: Bill F.
Sent: Wednesday, December 11
I like all of the different screening tools, monthly report and the forum. Probably the best info on Preferreds in the marketplace.

-----Original Message--------------------------------------------------------------
From: Ron P.
Sent: Tuesday, December 10
Research information is in my opinion, very complete.

-----Original Message--------------------------------------------------------------
From: Mike O.
Sent: Tuesday, December 10
It is a very useful service and has great filtering capability to drill down.

-----Original Message--------------------------------------------------------------
From: Bill R.
Sent: Monday, December 9
You have consistently made me money. You provide information on preferred issues that I would have to otherwise spend a ridiculous amount of time finding.

-----Original Message--------------------------------------------------------------
From: Barry L.
Sent: Thursday, December 5
Comprehensive information and Great value for the cost of the subscription.

-----Original Message--------------------------------------------------------------
From: Kelly S.
Sent: Wednesday, November 27
There are not a lot of pfd services around, your data is very complete and the price is reasonable. I also like the alerts.

-----Original Message--------------------------------------------------------------
From: Rob J.
Sent: Tuesday, November 26
You have a service indispensable for selecting preferred stocks.

-----Original Message--------------------------------------------------------------
From: Jerry K.
Sent: Wednesday, November 13
It is a very good service for me as a preferred stock investor. I have not found a substitute.

-----Original Message--------------------------------------------------------------
From: Michael T.
Sent: Sunday, November 3
I don't know of anyone's customer service that is your equal.

-----Original Message--------------------------------------------------------------
From: Jaren A.
Sent: Monday, October 14
Your website is always rock solid and I have nothing but good things to say about its functionality. I appreciate all you do for the reasonable cost of the service.

-----Original Message--------------------------------------------------------------
From: Eric E.
Sent: Thursday, October 10
Thank you for your book and website. I am newer to investing and you have given me the courage to do it.

-----Original Message--------------------------------------------------------------
From: Donald Q.
Sent: Saturday, October 5
Your commitment to continuous and measurable improvement is a positive discriminator for your service and a great asset to me as an independent investor.

-----Original Message--------------------------------------------------------------
From: Max F.
Sent: Wednesday, September 4
I signed up for a year but I have to say this is a tremendous program.

-----Original Message--------------------------------------------------------------
From: Rob V.
Sent: Friday, August 23
You have a great service! We have been able to live our lifestyle at the level we enjoyed during our working years in part because of the CDx3 service. Thanks and keep up the great work!

-----Original Message--------------------------------------------------------------
From: Jim L.
Sent: Wednesday, July 31
I would like to thank you all for your book and website. They have made my retirement financial situation so much less stressful. Almost every decision I make is based on CDX3.

-----Original Message--------------------------------------------------------------
From: Diana M.
Sent: Tuesday, July 2
YOU DO AN AWESOME JOB WITH THIS SERVICE! I am truly enjoying investing and learning more about this. And YES, I AM MAKING MONEY.

-----Original Message--------------------------------------------------------------
From: Ed B.
Sent: Tuesday, July 2
I love your service and have invested hundreds of thousands with this information. Keep up the good work!

-----Original Message--------------------------------------------------------------
From: Bill F.
Sent: Tuesday, July 2
I am a new subscriber and delighted with your website and the great forum.

-----Original Message--------------------------------------------------------------
From: Jeff M.
Sent: Saturday, June 28
Thanks for helping me retire early and stay retired!

-----Original Message--------------------------------------------------------------
From: Bill B.
Sent: Saturday, June 8
I am a new member and like your service very much!

-----Original Message--------------------------------------------------------------
From: Raymond M.
Sent: Monday, May 20
I have used several sites that recommend preferred stocks. None of them come close to the information you provide and how efficient the process is.

-----Original Message--------------------------------------------------------------
From: John M.
Sent: Sunday, May 12
You are the most honest man to walk on Wall Street since Richard Ney, and saying that is about the highest honor I can bestow on anyone.

-----Original Message--------------------------------------------------------------
From: Tim W.
Sent: Sunday, May 12
It is a good service and useful to me. I like the discussion board.

-----Original Message--------------------------------------------------------------
From: John C.
Sent: Saturday, May 11
I always go to CDx3 for Preferred stock ideas and preferred research.

-----Original Message--------------------------------------------------------------
From: Edward F.
Sent: Sunday, May 5
I have been following him for maybe 10 years--always appropriate and no false leads.

-----Original Message--------------------------------------------------------------
From: Jim M.
Sent: Sunday, May 5
CDx3 makes it easy to be notified of, or filter for, new opportunities.

-----Original Message--------------------------------------------------------------
From: Dave B.
Sent: Sunday, May 5
It has been successful for me! Good job! Doug has brought peace to my investing life!!

-----Original Message--------------------------------------------------------------
From: David C.
Sent: Saturday, May 4
Read the book and a current subscriber and love the research. I will always be a subscriber.

-----Original Message--------------------------------------------------------------
From: Gilbert W.
Sent: Friday, May 3
Must have for investing in preferred stocks.

-----Original Message--------------------------------------------------------------
From: Phil B.
Sent: Monday, April 22
The service makes sense and is very handy!


-----Original Message--------------------------------------------------------------
From: William K.
Sent: Friday, April 19
When it comes to preferred stocks, I have never come across any site that is even close to CDx3. I find the site provides me everything I need to make my selections.

-----Original Message--------------------------------------------------------------
From: David G.
Sent: Saturday, April 13
Timely, useful, investable information.

-----Original Message--------------------------------------------------------------
From: Gerald P.
Sent: Tuesday, April 9
I like the notification service and buy the new stocks frequently. The list of bargain priced stocks also quite useful.

-----Original Message--------------------------------------------------------------
From: Jack L.
Sent: Monday, April 8
I am a PS buyer and I could not function without the create a screen to find buy candidates.

-----Original Message--------------------------------------------------------------
From: Diana M.
Sent: Monday, April 8
The time has finally come for me to read your book, and I find it all very fascinating! Thank you for all of the work you have done to help so many of us enjoy some safe and profitable investments.

-----Original Message--------------------------------------------------------------
From: Don B.
Sent: Monday, April 8
I continue to be very happy with the depth of data that you provide in CDx3. As you know, I have been a subscriber for almost a decade now. Keep up the fine work.

-----Original Message--------------------------------------------------------------
From: David S.
Sent: Tuesday, April 2
Good book. Very good database. Keep it up.

-----Original Message--------------------------------------------------------------
From: Richard W.
Sent: Sunday, March 10
Dependable, accurate, easy to access, up to date statistics, new features, short commentaries...every useful!

-----Original Message--------------------------------------------------------------
From: Mike I.
Sent: Thursday, March 7
Nearly 10 years of huge success!

-----Original Message--------------------------------------------------------------
From: Al G.
Sent: Wednesday, March 6
I recently read your book and joined the Notification Service. Great stuff!

-----Original Message--------------------------------------------------------------
From: Jim T.
Sent: Tuesday, March 5
For over a decade, and right through the 2008 recession, preferred stock investing has provided me with consistent, stable cash flow. Most of what I know about preferred stock investing came from CDX3.

-----Original Message--------------------------------------------------------------
From: Kerry O.
Sent: Monday, March 4
Its the most comprehensive source of preferred stock information I
found.

-----Original Message--------------------------------------------------------------
From: Colin M.
Sent: Sunday, March 3
I am really enjoying the information you publish on your web site- very informative.

-----Original Message--------------------------------------------------------------
From: William C.
Sent: Sunday, March 3
Thoroughly enjoy your service. Thanks.

-----Original Message--------------------------------------------------------------
From: Gary H.
Sent: Sunday, February 10
It has done very well for me over the last few years.

-----Original Message--------------------------------------------------------------
From: Tom C.
Sent: Monday, February 4
Yours is the only service I have found worth subscribing to in 45 years of my investment banking and portfolio management career.

-----Original Message--------------------------------------------------------------
From: Eric E.
Sent: Sunday, February 3
I appreciate that you have shared so much valuable information. Very clear strategy explained. Valuable info helps me make sense of trends.

-----Original Message--------------------------------------------------------------
From: Bob V.
Sent: Friday, February 1
Its the premiere source for little understood preferred stocks.

-----Original Message--------------------------------------------------------------
From: David B.
Sent: Friday, January 25
Thank you for your service. It is most appreciated. I have also introduced a friend, a former CFO for one of Forbes top 100 companies.

-----Original Message--------------------------------------------------------------
From: Michael A.
Sent: Friday, January 11
Useful information for people who invest in preferred stock. I would not be as comfortable investing in these without it.

-----Original Message--------------------------------------------------------------
From: Peter J.
Sent: Monday, January 7
It provides me with timely information on the market for Preferred securities and I particularly like the comprehensive list of all the securities and the information given.

-----Original Message--------------------------------------------------------------
From: Bill W.
Sent: Sunday, January 6
Provides all the info I need and use.

-----Original Message--------------------------------------------------------------
From: Michael F.
Sent: Wednesday, December 26
Only one I am aware of. Just made a recommendation to a friend last month.

-----Original Message--------------------------------------------------------------
From: Jeff S.
Sent: Monday, December 24
Solid consistent data with the alerts and online database.

-----Original Message--------------------------------------------------------------
From: Edward A.
Sent: Sunday, December 16
I really find the new features you have added invaluable.

-----Original Message--------------------------------------------------------------
From: Gregory L.
Sent: Saturday, December 15
It has all the info one needs on preferred shares.

-----Original Message--------------------------------------------------------------
From: Glen S.
Sent: Friday, December 14
The principles are very good. The price is good and it is a good idea to see what is new in the marketplace.

-----Original Message--------------------------------------------------------------
From: Raymond M.
Sent: Saturday, November 17
The site removes a lot of legwork. I actually spend a lot of time studying fundamentals. But the first thing I do is look for red flags on your chart. Excellent job, please keep it up.

-----Original Message--------------------------------------------------------------
From: Steven A.
Sent: Friday, November 16
I am a new subscriber and the service is better than I expected!

-----Original Message--------------------------------------------------------------
From: Bob V.
Sent: Saturday, November 10
The On-The-Way email alerts give us a further edge in making important investing decisons! I have been a subscriber for many years and consider this service an important leg for my investment strategy.

-----Original Message--------------------------------------------------------------
From: Don Q.
Sent: Friday, November 9
THANK YOU Doug !!!! In addition to flagging a new buy opportunity early on in the OTC process for pricing purposes, I personally appreciate the heads-up for purposes of due diligence.

-----Original Message--------------------------------------------------------------
From: Steve R.
Sent: Friday, November 9
I am a new subscriber and am enjoying working with your database, it is very helpful indeed.

-----Original Message--------------------------------------------------------------
From: Dave B.
Sent: Sunday, November 4
You have brought peace to my investing life!! Keep up the good work!

-----Original Message--------------------------------------------------------------
From: Dan B.
Sent: Friday, November 2
Thank you to Doug for once again adding your insight to the monthly notes. The data and statistics are valuable, but I really feel like I have gained something when I read the monthly explanations from you.

-----Original Message--------------------------------------------------------------
From: Phill B.
Sent: Saturday, October 6
The service SAVES me a lot of research and time necessary for me to do the same work you do.

-----Original Message--------------------------------------------------------------
From: Mike B.
Sent: Sunday, September 23
I think preferred stocks are a good way to invest and CDX3 has a good way of picking stocks that carry less risk of going down.

-----Original Message--------------------------------------------------------------
From: Fred M.
Sent: Monday, September 17
In my previous life I held CFP, ChFC and CLU designations. Was a fee only advisor. In saying this I am not blowing my own horn rather giving your site credibility for being advisor to the advisor. I appreciate the value of your service.

-----Original Message--------------------------------------------------------------
From: Don Q.
Sent: Friday, September 14
Comprehensive, insightful, practical, easy-to-understand introductory book along with robust data base and newsletter data.

-----Original Message--------------------------------------------------------------
From: Steve G.
Sent: Thursday, September 13
Service has been very useful. Have made a number of investments using it.

-----Original Message--------------------------------------------------------------
From: Bob C.
Sent: Sunday, September 9
Have used service for years with good success. A great service that pays for itself many times over.

-----Original Message--------------------------------------------------------------
From: Charles C.
Sent: Tuesday, September 4
Ease of use. Applicable to all financial situations. For our age group and financial situation, not to mention the fun of it all, I suspect we'll be with CDx3 for the remainder of our lives.

-----Original Message--------------------------------------------------------------
From: Philip H.
Sent: Sunday, September 2
I particularly like your comments about the new issues of the preferreds. Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Joe P.
Sent: Saturday, September 1
I consider myself a long time subscriber and hope to be for many more. Your comments and thoughts on the New IPOís is perfect.

-----Original Message--------------------------------------------------------------
From: Gary B.
Sent: Wednesday, August 29
Great service. I have learned a lot about preferred stocks and like the ease of navigating the website. Thank you for your work with preferred investing and running a very good website.

-----Original Message--------------------------------------------------------------
From: Ray M.
Sent: Thursday, August 23
I am 70 years old and I have been a subscriber for a few years. For me going to preferreds has been a life changing event.

-----Original Message--------------------------------------------------------------
From: Dieter O.
Sent: Monday, August 20
As far as I know, there is no other service like it - especially the notice of new issues that really does give you a jump on everyone else. Great service.

-----Original Message--------------------------------------------------------------
From: Ed A.
Sent: Monday, August 20
In your book, you made the information very easy to understand and with your external links on the various data bases, it was clear that your service was going to be and is, of great value. Now I have a good grasp of the CDx3 methodology.

-----Original Message--------------------------------------------------------------
From: Kenneth W.
Sent: Thursday, August 16
I think its helpful and believe strongly in preferred stocks as a stable investment with relatively high returns.

-----Original Message--------------------------------------------------------------
From: Tom C.
Sent: Thursday, August 9
Its the most comprehensive and one-stop research.

-----Original Message--------------------------------------------------------------
From: Victor R.
Sent: Wednesday, August 8
Explains every step needed to invest in PS or ETD.

-----Original Message--------------------------------------------------------------
From: Johnathan S.
Sent: Sunday, August 5
If you invest in preferred stock or ETDS, this is probably the most significant site to obtain knowledge.

-----Original Message--------------------------------------------------------------
From: Kerry O.
Sent: Sunday, July 29
Bought the book... Oh my! The read was a real awakening for me. Now I have a whole new direction to take my portfolio, Thanks Doug!!!

-----Original Message--------------------------------------------------------------
From: Ken W.
Sent: Sunday, July 8
Very good information. Safe investment method.

-----Original Message--------------------------------------------------------------
From: Gabriel E.
Sent: Wednesday, July 4
It is worth it to me to have the database assembled and searched and the preferreds already ranked.

-----Original Message--------------------------------------------------------------
From: Robert V.
Sent: Tuesday, July 3
I've been a subscriber for about 4 years and it has been a valuable part of my portfolio. Also, it has delivered safe, reliable income.

-----Original Message--------------------------------------------------------------
From: Michael R.
Sent: Monday, July 2
I gave all my brothers and sisters a book for Christmas to let them know the basis for which I was investing our family trust accounts. Thank you for hardworking and dedication.

-----Original Message--------------------------------------------------------------
From: Jeff S.
Sent: Friday, June 22
Solid plan and documentation. Great value for price! Keep up the great work. It is appreciated!

-----Original Message--------------------------------------------------------------
From: Tom L.
Sent: Wednesday, June 20
It gives all the important info concerning preferred stock investing.

-----Original Message--------------------------------------------------------------
From: Larry H.
Sent: Wednesday, June 20
This is the best and most comprehensive source that I've found for preferred securities. Good job!!!! Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Gerald J.
Sent: Saturday, June 2
I get a lot of information and ideas which I really like. I am converting about a third of my portfolio to preferred stocks.

-----Original Message--------------------------------------------------------------
From: Ray E.
Sent: Sunday, May 27
I am a very pleased user of your service; going on five or six years I think. I have watched you make continuous improvements to the depth and presentation of data. Thanks for your service, it is indispensable.

-----Original Message--------------------------------------------------------------
From: Derek D.
Sent: Saturday, May 19
Easy to use complete listing of preferred. I use the service all the time.

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Thursday, May 17
Comprehensive database of all preferred securities with the criteria I want.

-----Original Message--------------------------------------------------------------
From: Robert H.
Sent: Wednesday, May 16
It works for me. It has helped me a lot!

-----Original Message--------------------------------------------------------------
From: Peter L.
Sent: Wednesday, May 9
Very good info on preferred stocks.

-----Original Message--------------------------------------------------------------
From: Michael W.
Sent: Sunday, May 6
The service has worked well for me over a number of years.

-----Original Message--------------------------------------------------------------
From: Frank T.
Sent: Thursday, May 3
What Doug writes bout makes sense.

-----Original Message--------------------------------------------------------------
From: Phillip P.
Sent: Monday, April 30
Very rare to find someone knowledgeable about Preferreds, and it achieves a high current income level.

-----Original Message--------------------------------------------------------------
From: Ronald C.
Sent: Sunday, April 22
I havent found anything any better.

-----Original Message--------------------------------------------------------------
From: William K.
Sent: Thursday, April 19
CDx3 is very comprehensive; you have all the key information at your fingertips, with the opportunity to get even more detail if you desire. I dont know of another site that provides all the information I need as simply as CDx3.

-----Original Message--------------------------------------------------------------
From: Chuck J.
Sent: Monday, April 16
Terrific investment strategy.

-----Original Message--------------------------------------------------------------
From: Richard R.
Sent: Monday, April 16
Good research in one location. Its still the best option out there.

-----Original Message--------------------------------------------------------------
From: Jack L.
Sent: Friday, April 6
I use the search function all of the time as well as the stocks about to be called. The site is very intuitive and easy to use. Iím not aware of another site with the same capabilities.

-----Original Message--------------------------------------------------------------
From: Dom B.
Sent: Wednesday, April 4
All-encompassing database containing pertinent data about each issue. Price for content is excellent. Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Joe P.
Sent: Monday, April 2
Thank you again. Youíve done wonders keeping us invested for needed income during the past zero income decade.

-----Original Message--------------------------------------------------------------
From: Wayne M.
Sent: Saturday, March 24
An excellent data base which can be interrogated in numerous ways, together with your 10 point evaluation system, all of which are very helpful for tracking and in making investment decisions. An excellent service which provides excellent value.

-----Original Message--------------------------------------------------------------
From: Dennis M.
Sent: Friday, March 23
CDx3 notification service is well done. The 'go to' reference for preferred stock investing over the past 10 years!

-----Original Message--------------------------------------------------------------
From: Fred M.
Sent: Saturday, March 17
Reliable info. Well categorized and customizable. Priced for great value. #1 go to resource to evaluate preferred securities.

-----Original Message--------------------------------------------------------------
From: Stephen A.
Sent: Friday, March 16
Great service. Want this long term. Thanks.

-----Original Message--------------------------------------------------------------
From: Don Q.
Sent: Wednesday, March 14
EXPERIENCE ... CDx3 SERVICE IS MY PRIMARY TOOL FOR PFD INVESTING. DEPENDABLE, TIMELY AND COMPREHENSIVE DATA. PRESS ON!

-----Original Message--------------------------------------------------------------
From: Carlo T.
Sent: Tuesday, March 13
I am a new subscriber and am enjoying the site immensely!

-----Original Message--------------------------------------------------------------
From: John P.
Sent: Saturday, March 10
You are best source that I have found for researching available preferreds for possible purchase.

-----Original Message--------------------------------------------------------------
From: Gary B.
Sent: Wednesday, February 28
I think it is a great service. I have not found anything better. Love it !!!

-----Original Message--------------------------------------------------------------
From: Bill K.
Sent: Thursday, February 22
CDx3 has the fastest response time of any subscription service I have ever used! Thank you!

-----Original Message--------------------------------------------------------------
From: Joseph F.
Sent: Monday, February 19
I have found your product and customer support to be first rate and would recommend CDx3 highly.

-----Original Message--------------------------------------------------------------
From: Chuck A.
Sent: Friday, February 9
I recently renewed my subscription. It has worked for me. I'm a small, unsophisticated investor and use the website very often.

-----Original Message--------------------------------------------------------------
From: Christian B.
Sent: Monday, February 5
You folks are extremely talented. Thank you so much.

-----Original Message--------------------------------------------------------------
From: Bernie B.
Sent: Monday, February 5
I love your service. Great information.

-----Original Message--------------------------------------------------------------
From: Jeff W.
Sent: Friday, February 2
The site organizes preferred stocks in such a way as to make it easy to search using specific criteria. I use the site regularly and it helps with my investment decisions.

-----Original Message--------------------------------------------------------------
From: Michael T.
Sent: Friday, February 2
Good quality explanations in book and ongoing data.

-----Original Message--------------------------------------------------------------
From: Dennis M.
Sent: Saturday, January 27
CDx3 investing has served us well over the past 10 years!

-----Original Message--------------------------------------------------------------
From: Dave P.
Sent: Thursday, January 25
It is the most expert guide to investing in baby bonds and preferred stocks.

-----Original Message--------------------------------------------------------------
From: Doug J.
Sent: Wednesday, January 17
Your answer to my CODI PRA question was not only prompt and informative but also very explanatory. As a result, you can be sure Iíll be renewing my subscription when the time comes.

-----Original Message--------------------------------------------------------------
From: Jerry B.
Sent: Tuesday, January 16
I am headed right over to your website to do an annual subscription to CDX3. You folks could give customer service lessons to lots of businesses.

-----Original Message--------------------------------------------------------------
From: Gabriel E.
Sent: Thursday, January 4
It is an easy way to find the right set of information.

-----Original Message--------------------------------------------------------------
From: Robert V.
Sent: Thursday, January 4
I have been a member for many years, and use the service for the fixed income component of my portfolio. The results have been excellent, profitable and SAFE. I like the factual, strait forward, no BS approach because its very informative and SAVES time.

-----Original Message--------------------------------------------------------------
From: Joseph J.
Sent: Friday, December 29
Comprehensive database with rich query definition options!

-----Original Message--------------------------------------------------------------
From: John F.
Sent: Saturday, December 23
You provide all new and old preferred still active. A person can then pick the one he/she wishes to invest in. I would recommend CDx3.

-----Original Message--------------------------------------------------------------
From: Bill R.
Sent: Wednesday, December 13
All in, you provide a valuable service.

-----Original Message--------------------------------------------------------------
From: Clayton S.
Sent: Saturday, December 9
Based on my research, there is no better source for comprehensive and usable information for selecting preferred shares and baby bonds. The software is a must have for me as I live on the income from preferred and baby bonds for my retirement income.

-----Original Message--------------------------------------------------------------
From: Jeff O.
Sent: Monday, November 20
Reliable data, easy to check everyday and fun discussion board.

-----Original Message--------------------------------------------------------------
From: Judith M.
Sent: Wednesday, November 15
Saves a lot of research time. Notifications are great.

-----Original Message--------------------------------------------------------------
From: Gil W.
Sent: Sunday, November 5
Thank you for providing a great preferred stock notification/research service.

-----Original Message--------------------------------------------------------------
From: John M.
Sent: Friday, November 3
It provide a good source of information in one place.

-----Original Message--------------------------------------------------------------
From: James R.
Sent: Thursday, October 19
It would be overwhelming to try to do the research Doug outlines in his book. I have made numerous trades for significant profit.

-----Original Message--------------------------------------------------------------
From: Martin H.
Sent: Monday, October 16
I find it an excellent service and it's my first stop whenever I run into a call or my cash has grown to a point that I need another preferred to satisfy my asset allocation. I like the monthly newsletter. I need it. I use it.

-----Original Message--------------------------------------------------------------
From: Leonard W.
Sent: Friday, October 13
Your database is the best part of your service. It enables me to rank securities with the available metrics in a format that helps me make clear selections.

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Thursday, October 12
One stop shop for preferred stock research. It would be beyond my level of creativity to improve this site that I feel it is a 10 out of 10.

-----Original Message--------------------------------------------------------------
From: Gerald P.
Sent: Monday, October 9
Useful and timely information to make investment decisions.

-----Original Message--------------------------------------------------------------
From: Phil B.
Sent: Friday, October 6
The Website gives very important information and history [if any available]about a stock and the company. Helps me make decisions on whether to buy or sell a stock in a timely manner.

-----Original Message--------------------------------------------------------------
From: Edward S.
Sent: Friday, October 6
I think the program is very good and it is a great learning tools for preferred stock.

-----Original Message--------------------------------------------------------------
From: William K.
Sent: Thursday, October 5
It is the best source I've found for finding and investigating preferred stocks.

-----Original Message--------------------------------------------------------------
From: Alice M.
Sent: Monday, October 2
Real time information and continuous information. I use the information you provide daily.

-----Original Message--------------------------------------------------------------
From: Dennis M.
Sent: Saturday, September 23
Excellent service and very responsive follow-up from Doug. Doug is listening to the CDx3 old timers and the new comers to continuously improve the CDx3 website for all of us! Thank you!

-----Original Message--------------------------------------------------------------
From: Don Q.
Sent: Sunday, September 17
It's a proven and dependable service.

-----Original Message--------------------------------------------------------------
From: William K.
Sent: Thursday, September 14
I love the symbol list feature when I am trying to make a decision about a pending purchase. Thanks for a great website!

-----Original Message--------------------------------------------------------------
From: Michael B.
Sent: Wednesday, September 13
Thank you for the amazing customer service!

-----Original Message--------------------------------------------------------------
From: Noel D.
Sent: Tuesday, September 5
I think you offer a terrific service. I use it to buy preferreds that worked well for me. I really appreciate how you work continuously to make improvements to your site and newsletters.

-----Original Message--------------------------------------------------------------
From: Charles C.
Sent: Saturday, September 2
I am making money with the potential of cap gains too. Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Jim P.
Sent: Tuesday, August 29
The service has helped me survive my retirement in a zero interest environment. You help pay the monthly bills that couldnt have been done otherwise. Keep up the good honest work.

-----Original Message--------------------------------------------------------------
From: Victor R.
Sent: Monday, August 7
Excellent information and service!

-----Original Message--------------------------------------------------------------
From: William Y.
Sent: Wednesday, August 2
Excellent service!!

-----Original Message--------------------------------------------------------------
From: Earl B.
Sent: Tuesday, August 1
The cost of my subscription is minor compared to the benefits Ive received, including profits Ive enjoyed as a result of the information and alerts. CDx3 Discussion Group feature is outstanding. Always willing to share information.

-----Original Message--------------------------------------------------------------
From: David P.
Sent: Monday, July 24
Most expert service available.

-----Original Message--------------------------------------------------------------
From: Doris C.
Sent: Saturday, July 1
An excellent place to start my research without the overwhelming need to sift though data in a dozen different places. Thank you!

-----Original Message--------------------------------------------------------------
From: Michael F.
Sent: Sunday, June 25
I knew very little about Preferreds a couple of years ago before subscribing to your service and reading your book. I now feel sufficiently knowledgeable and comfortable investing in Preferreds especially when/what to buy and when to sell.

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Monday, June 19
I have recommended the CDx3 Notification Service to people who are unsatisfied with the low returns from CD's. As long as I choose to invest in preferred stock issues I will maintain my subscription.

-----Original Message--------------------------------------------------------------
From: Gregory L.
Sent: Saturday, June 17
Nearly all new preferred shares are timely listed. The listing of preferred shares is pretty complete. I like what goes into the grading system.

-----Original Message--------------------------------------------------------------
From: Richard J.
Sent: Tuesday, June 6
Excellent resources to value ratio. Low annual cost for a great resource. I make money using your resource ... game over.

-----Original Message--------------------------------------------------------------
From: Robert B.
Sent: Thursday, June 1
I mostly like the notifications of new preferred stock offerings. I find it fairly priced for the information I receive.

-----Original Message--------------------------------------------------------------
From: James R.
Sent: Tuesday, May 30
The process Doug provides in his book is really easy to follow and requires very little time to monitor or execute. I'm very happy with the service.

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Tuesday, May 16
The book and the web service give me more of what I need to know to make preferred stock decisions than any other source I know.

-----Original Message--------------------------------------------------------------
From: Jeff H.
Sent: Monday, May 8
Thank you for writing your book. It is the first Stock book I have gotten through and understood. I bought my older brother a copy of the book so we can discuss it over the phone.

-----Original Message--------------------------------------------------------------
From: Phil P.
Sent: Monday, May 8
Very logical, and provides an alternative investment methodology that provides cash income with low risk.

-----Original Message--------------------------------------------------------------
From: Jim M.
Sent: Saturday, May 6
All pertinent information in one place with timely updates. Especially appreciate the new issues update. Have been able to buy several issues under the temporary symbol will still trading under par. Keep up the good work!

-----Original Message--------------------------------------------------------------
From: John K.
Sent: Wednesday, May 3
Great in monitoring a large self selected Watchlist database for ease of quick info on selected issues for ex div date, history of div., Call date, Ratings, YTC and CY Yields.

-----Original Message--------------------------------------------------------------
From: David G.
Sent: Thursday, April 27
Great info for preferreds!

-----Original Message--------------------------------------------------------------
From: Diego A.
Sent: Friday, April 21
The website takes care of all the work that needs to be accomplished to execute Doug's process.

-----Original Message--------------------------------------------------------------
From: John P.
Sent: Wednesday, April 19
I have found the service to be very helpful in managing my retirement investments. I would not want to be without this service.

-----Original Message--------------------------------------------------------------
From: Tancredi D.
Sent: Wednesday, April 12
Very solid system and easy to understand.

-----Original Message--------------------------------------------------------------
From: Michael C.
Sent: Tuesday, April 11
Excellent notice on new issues and I really like the data base.

-----Original Message--------------------------------------------------------------
From: Lynn H.
Sent: Sunday, April 9
Wealth of information and coverage of the preferred investment universe.

-----Original Message--------------------------------------------------------------
From: Frank K.
Sent: Saturday, April 8
Good info that allows me to make money in Preferreds.

-----Original Message--------------------------------------------------------------
From: Alice M.
Sent: Friday, April 7
It is where I get all of my information on the stocks that I presently own and the ones that I am thinking about buying.

-----Original Message--------------------------------------------------------------
From: William K.
Sent: Wednesday, April 5
Doug has always been very eager to get feedback from subscribers and respond to that feedback. CDx3's response to customer support has also always been very good.

-----Original Message--------------------------------------------------------------
From: Alan P.
Sent: Wednesday, March 29
You guys do a terrific job! Thanks.

-----Original Message--------------------------------------------------------------
From: Gary H.
Sent: Monday, March 20
I've been very happy with the service.

-----Original Message--------------------------------------------------------------
From: Jeff I.
Sent: Thursday, March 16
1) Sound logic. 2) Proven to be very profitable for me over the 8 years I've used it. 3) Nothing else like it that I can find.

-----Original Message--------------------------------------------------------------
From: Dan B.
Sent: Wednesday, March 15
My experience using the CDx3 principles and the Notification Service has been very rewarding. The system allows the preferred stock investor to avoid surprises and the worry that comes with them.

-----Original Message--------------------------------------------------------------
From: Don Q.
Sent: Tuesday, March 14
Your book/service introduced me into an investment world I did not even imagine existed. It is the foundation and starting point for every buy/sell decision I make.

-----Original Message--------------------------------------------------------------
From: Joseph M.
Sent: Saturday, March 11
It provides me with what I consider necessary to research the preferred universe.

-----Original Message--------------------------------------------------------------
From: Ronald R.
Sent: Wednesday, March 8
Best Service for preferred stocks...Just keep doing what your doing.

-----Original Message--------------------------------------------------------------
From: Charles C.
Sent: Friday, March 3
Just a quick note to say thanks for all you do for the retail investor like me. Your program is a great way for us older folks to generate more than reasonable income at a more than reasonable cost.

-----Original Message--------------------------------------------------------------
From: Jim P.
Sent: Tuesday, February 28
I have a good amount of my retired money invested in preferred stocks and I will be needing your excellent advise to manage these funds. Many thanks for your fine work.

-----Original Message--------------------------------------------------------------
From: David S.
Sent: Monday, February 20
It is the best preferred newsletter I have found.

-----Original Message--------------------------------------------------------------
From: Dennis G.
Sent: Wednesday, February 8
I have been a repeat subscriber and have found CDx3 to be a very useful database. Your book was also very helpful.

-----Original Message--------------------------------------------------------------
From: Christopher G.
Sent: Wednesday, February 8
I cannot articulate how valuable of a resource CDx3 has become for me.

-----Original Message--------------------------------------------------------------
From: Noel D.
Sent: Saturday, February 4
Good information for investors interested in finding the right preferreds.

-----Original Message--------------------------------------------------------------
From: Cheryl B.
Sent: Saturday, January 28
Excellent! Provides the information I need to know if I want to explore a preferred stock further. I intend to continue investing in preferred stocks for many years to come and this service provides me with what I need to do that.

-----Original Message--------------------------------------------------------------
From: Donna S.
Sent: Monday, January 23
I just had no idea that the web site would be so easy to use!

-----Original Message--------------------------------------------------------------
From: Zeta F.
Sent: Thursday, January 19
I do not want to research preferreds. You do the work for me and I pick the investments. Quality Preferreds list with updated information regarding preferreds.

-----Original Message--------------------------------------------------------------
From: Gary M.
Sent: Tuesday, January 3
Your service has been valuable to me and my clients.

-----Original Message--------------------------------------------------------------
From: Joseph N.
Sent: Monday, January 2
Just a brief note to express my total satisfaction of your web site, the monthly reports and the stocks listed on your bargain table.

-----Original Message--------------------------------------------------------------
From: Doris C.
Sent: Sunday, January 1
All info in one place. You have put a lot of work into the service and it shows. Thank you.

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Sunday, December 25
Nobody else out there does what CDx3 does.

-----Original Message--------------------------------------------------------------
From: Jeff G.
Sent: Wednesday, December 21
The database is a tremendous reference, and very easy to work with.

-----Original Message--------------------------------------------------------------
From: Tom L.
Sent: Tuesday, December 20
It provides a list of new PFDs as soon as they become available. I believe the value of the new issue notifications is worth the money.

-----Original Message--------------------------------------------------------------
From: Gregory L.
Sent: Friday, December 16
The research service does the work for you. I rely on the service for picking and suggesting my preferred stocks.

-----Original Message--------------------------------------------------------------
From: Jim M.
Sent: Monday, December 12
I use the CDx3 Notificaiton Service when ever I am looking to buy pref stocks and no one else.Keep up the good work!

-----Original Message--------------------------------------------------------------
From: Robert B.
Sent: Monday, December 12
I would definitely recommend the service to anyone interested in using preferreds as a major part of their fixed income portfolio.

-----Original Message--------------------------------------------------------------
From: Kenneth T.
Sent: Tuesday, December 6
I have acquired a number of preferred shares in the last few years based on information I learned from reading your book, and your notifications of new stocks. I have been happy with what I received to date.

-----Original Message--------------------------------------------------------------
From: Rich A.
Sent: Sunday, November 27
Realtime pricing data, excellent search/filter capability. Lots of timely information and a dedication to great service.

-----Original Message--------------------------------------------------------------
From: Nik B.
Sent: Thursday, November 24
There are not a lot of good preferred resources out there -- this is one I feel strongly about.

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Friday, November 18
I don't know of any other web service that allows you to screen all preferred stocks for so many relevant criteria.

-----Original Message--------------------------------------------------------------
From: Ray E.
Sent: Tuesday, November 15
I have read your book and have been a CDx3 subscriber for years. The information I have received from CDx3 has been invaluable, and most of all, has permitted me to manage my preferred shares decisively and confidently. Your work is making a real difference.

-----Original Message--------------------------------------------------------------
From: Jim M.
Sent: Friday, November 4
Offers real time data I can't get anywhere else. Allows me to quickly search for, and do initial evaluation on, preferreds and ETDs.

-----Original Message--------------------------------------------------------------
From: Gilbert W.
Sent: Wednesday, November 2
Nothing compares to the quality of service provided to the preferred stock investor. CDX3 is always there.

-----Original Message--------------------------------------------------------------
From: Dave B.
Sent: Tuesday, November 1
I have been happy with my investing results. My life has been more peaceful since I found CDx3!!

-----Original Message--------------------------------------------------------------
From: David S.
Sent: Tuesday, November 1
Well thought out and logical. Good web-site to back-up the book. Keep it up.

-----Original Message--------------------------------------------------------------
From: Gary J.
Sent: Tuesday, October 25
Great up to the minute announcements regarding new listings.

-----Original Message--------------------------------------------------------------
From: Lisa P.
Sent: Saturday, October 15
I use the Companies tab almost on a daily basis. The information is extremely helpful - especially the YTC data. Your attention to detail in your tutorials and the manner in which you explain things is fabulous. Most help areas of websites do not come close to matching your Tutorial section in terms of offering actual help/information. And I love the discussion board.

-----Original Message--------------------------------------------------------------
From: Wilbur A.
Sent: Thursday, October 13
You give me a lot of good information I need to invest in preferred stock which is one of the few sources of income left. Thanks for your good work.

-----Original Message--------------------------------------------------------------
From: Mike E.
Sent: Monday, October 10
Upon retirement I will be relying on my investments to provide a good portion of my income. Your service has been very valuable to me...and I appreciate your efforts in the preferred stock world. Keep up the good work.

-----Original Message--------------------------------------------------------------
From: William K.
Sent: Thursday, October 6
CDx3 has all the information I need to research preferred stocks. I have a very significant investment in preferred stocks. CDx3 is how I monitor what purchases I want to make, but keep track of any changes in those purchases.

-----Original Message--------------------------------------------------------------
From: David S.
Sent: Monday, October 3
Sound system. I have invested based on Preferred Stocks I selected from your database. Appreciate the info. I have not found it anywhere else.

-----Original Message--------------------------------------------------------------
From: William M.
Sent: Saturday, October 1
Great and indepth coverage of Preferreds. The best on the web!

-----Original Message--------------------------------------------------------------
From: Chip H.
Sent: Thursday, September 15
WOW learned more from that $22 investment than what Edward Jones taught me when I worked for them and from my masterís degree in accounting that I just finished in May of 2016. Now I will be able to better serve my clients with the help of the book and the CDx3 subscription.

-----Original Message--------------------------------------------------------------
From: Don Q.
Sent: Wednesday, September 14
I KEEP LOOKING FOR NEW, IMPROVED STAREGY AND SOLUTION SETS COMPARED TO DOUG'S ... AND CAN'T FIND ANY. AND THANKS FOR MAKING MY INVESTMENT CHALLENGES LESS STRESSING !!!

-----Original Message--------------------------------------------------------------
From: Steve L.
Sent: Saturday, September 3
I do think that cdx3 is one of the best web based resources out there- I really think you have created a high quality product.

-----Original Message--------------------------------------------------------------
From: Charles C.
Sent: Friday, September 2, 2106
The work is done, the approach is straight forward and it works. Thank you.

-----Original Message--------------------------------------------------------------
From: Vance W.
Sent: Wednesday, August 31
This is my first stop in selecting which preferred stocks to purchase. Your service is my bible.

-----Original Message--------------------------------------------------------------
From: Dennis C.
Sent: Wednesday, August 24
The amount of information available is just amazing.

-----Original Message--------------------------------------------------------------
From: Steven B.
Sent: Monday, August 15
Efficient website and affordable fee.

-----Original Message--------------------------------------------------------------
From: Joel N.
Sent: Wednesday, August 10
The web site is a huge research time-saver. It has already more than paid for itself many times over.

-----Original Message--------------------------------------------------------------
From: Patrick D.
Sent: Tuesday, Aug 9
Best source of knowledge for outstanding and new issues. Yield calculator and the rating system is perfect. I use it daily for my practice and presonal investments.

-----Original Message--------------------------------------------------------------
From: Brian L.
Sent: Tuesday, August 9
Without a consolidated service, it is too hard to keep track of all the details.

-----Original Message--------------------------------------------------------------
From: Chuck A.
Sent: Tuesday, August 9
I've looked around and it is the best.

-----Original Message--------------------------------------------------------------
From: Sid P.
Sent: Friday, July 29
You can hardly get the info you provide anywhere else. The Discussion Group is invaluable.

-----Original Message--------------------------------------------------------------
From: Doug J.
Sent: Wednesday, July 27
I greatly appreciate the work you guys do to supply the information you do. Keep it up!

-----Original Message--------------------------------------------------------------
From: David P.
Sent: Sunday, July 24
Very detailed with no BS. Good investment info.

-----Original Message--------------------------------------------------------------
From: Donald R.
Sent: Saturday, July 23
Gives total guidance on preferred stock risk and rewards.

-----Original Message--------------------------------------------------------------
From: Barry N.
Sent: Saturday, July 23
Happy with the service. It has helped me earn money.

-----Original Message--------------------------------------------------------------
From: Ivan E.
Sent: Saturday, July 16
The more I learn about your software, the more impressed I am.

-----Original Message--------------------------------------------------------------
From: Gayle S.
Sent: Friday, July 8
Thanks for making our retirement years fruitful without worry. I have been managing our IRA myself since employing your help and we have managed to enjoy our retirement years, not only financially fulfilling, but have grown our IRA to boot. If you need a testimonial I'm your gal.

-----Original Message--------------------------------------------------------------
From: Peter I.
Sent: Friday, July 8
It's got everything you need to select and monitor preferred stocks. Very user friendly and concise.

-----Original Message--------------------------------------------------------------
From: Steve I.
Sent: Tuesday, July 5
Sound information fro sound investing!

-----Original Message--------------------------------------------------------------
From: Kenneth L.
Sent: Monday, July 4
Book is very thorough but easy to understand. has just the right amount of information. I trade pref stocks and use your website extensively.

-----Original Message--------------------------------------------------------------
From: Don Q.
Sent: Thursday, June 30
I subscribed to your CDx3 service. That was the beginning of a new world for me and one of the best investments that I have ever made. I am now a PFD junkie (exclusive) with a very productive portfolio and I owe it all to you.

-----Original Message--------------------------------------------------------------
From: Rob A.
Sent: Monday, June 27
I have yet to find any source as complete and, most of all, sincerely in the buyers' best interests.

-----Original Message--------------------------------------------------------------
From: Michael F.
Sent: Sunday, June 26
Provides all the knowledge, information, research and data you need to invest in Preferreds.

-----Original Message--------------------------------------------------------------
From: Jeff S.
Sent: Wednesday, June 22
The web site makes it very easy to find quality preferred stocks and saves a lot of time.

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Monday, June 20
There is no other place!

-----Original Message--------------------------------------------------------------
From: Bill W.
Sent: Thursday, June 16
Your info helps me select issues...Accuracy and ease of use.

-----Original Message--------------------------------------------------------------
From: Joe S.
Sent: Monday, June 13
Your newsletter is very helpful to me and plan on using it for some time.

-----Original Message--------------------------------------------------------------
From: Dave B.
Sent: Monday, June 13
Just a note to let you know I appreciate your newsletter and the work you do. My life has gotten much simpler since we started investing in preferred stocks. Now I just buy and collect my dividends!

-----Original Message--------------------------------------------------------------
From: Michael T.
Sent: Thursday, June 2
Covers this type of security well. Cautious approach. Good income generation.

-----Original Message--------------------------------------------------------------
From: Don W.
Sent: Monday, May 30
Fast and easy access to data regarding pfd's. The discussion group and company section. I use these all the time and the build your own filter of course.

-----Original Message--------------------------------------------------------------
From: Dan B.
Sent: Friday, May 27
As always CDx3 has been very helpful and accommodating. You do a great job.

-----Original Message--------------------------------------------------------------
From: Roy M.
Sent: Friday, May 27
Thanks for all your great info. My preferreds have outperformed any of my other investments over the past several years.

-----Original Message--------------------------------------------------------------
From: Brian L.
Sent: Tuesday, May 24
I have enjoyed your notification service and even with the premium Pfdís are trading at these days have more than made the hurdle rate on your service, so thanks for that.

-----Original Message--------------------------------------------------------------
From: Richard J.
Sent: Wednesday, May 18
The modest cost combination of Dougs book, his commentary on SeekingAlpha and the online database service with monthly newsletter...is a very attractive service combination. The service is a great resource for managing ones fixed income, using prefferds portfolio allocation.

-----Original Message--------------------------------------------------------------
From: Del F.
Sent: Tuesday, May 17
The information is very interesting and informative for dividend investors.

-----Original Message--------------------------------------------------------------
From: Bernard F.
Sent: Saturday, May 7
Great tool to make fact-based investment decisions.

-----Original Message--------------------------------------------------------------
From: Robert W.
Sent: Monday, May 5
Great collection of data tables and charts that are well organized on a subject that many have not explored for personal investing.

-----Original Message--------------------------------------------------------------
From: John K.
Sent: Monday, May 2
Excellent value. Very good value, enhanced by excellent senior members on your Discussion Group...yours is as GOOD as IT GETS!

-----Original Message--------------------------------------------------------------
From: Edward S.
Sent: Sunday, May 1
Best source for preferred share info and new listings.

-----Original Message--------------------------------------------------------------
From: Jerry K.
Sent: Monday, April 25
Very good source of pfd stock information.

-----Original Message--------------------------------------------------------------
From: Dennis R.
Sent: Friday, April 22
Have a few friends that invest in bank preferreds as one of most attratcive income investments in this environment. CDx3 is the best source.

-----Original Message--------------------------------------------------------------
From: Chuck J.
Sent: Monday, April 18
Excellent investment strategy.

-----Original Message--------------------------------------------------------------
From: Richard R.
Sent: Thursday, April 14
Complete coverage. Best option out there.

-----Original Message--------------------------------------------------------------
From: Ken W.
Sent: Monday, April 11
Timely notifications of new securities and very good and complete database. I depend on it for selecting the securities that are right for me.

-----Original Message--------------------------------------------------------------
From: Gerald P.
Sent: Saturday, April 9
Stock ratings are very helpful as are the spec sheets and database with search tools. I have used it to guide several purchase decisions over the past year.

-----Original Message--------------------------------------------------------------
From: Ruth H.
Sent: Thursday, April 7
I like to have somebody with this focus to analyze the preferred market. This service has helped me get income into my portfolio.

-----Original Message--------------------------------------------------------------
From: William M.
Sent: Tuesday, April 5
Great in-depth information.

-----Original Message--------------------------------------------------------------
From: Gary H.
Sent: Sunday, March 20
I like your service and have made money using it.

-----Original Message--------------------------------------------------------------
From: Bill T.
Sent: Monday, March 7
CDx3 is the most reliable source for preferred share investing I know. It is timely, accurate, and has a knowledgeable base of subscribers that are willing to share their thoughts and ideas.

-----Original Message--------------------------------------------------------------
From: Philip R.
Sent: Thursday, March 3
It is one of the few tools out there that addresses Preferred stocks specifically.

-----Original Message--------------------------------------------------------------
From: James P.
Sent: Monday, February 29
This service has gotten me through the zero interest period. I'd be living in a tent by now. Your service has been good to me all these years. Keep doing the best you can for us. I'm now in my mid 80s and will be with you all the way. Thank you.

-----Original Message--------------------------------------------------------------
From: Dennis C.
Sent: Wednesday, February 24
The detail in the book and the knowledge that can be gleaned therein. Virtually my only source for information on the way I invest.

-----Original Message--------------------------------------------------------------
From: Carl M.
Sent: Thursday, February 18
Common sense approach that is easy to understand...Thanks!

-----Original Message--------------------------------------------------------------
From: Joel N.
Sent: Wednesday, February 10
Your service simply provides everything I need to make decisions on PS purchases. Great time saver.

-----Original Message--------------------------------------------------------------
From: Christopher G.
Sent: Tuesday, February 9
Offers all-encompassing data on preferred stocks that I can't find anywhere else. Information takes a very pragmatic view. The PS/ETSD online list with updated prices is an extremely helpful resource.

-----Original Message--------------------------------------------------------------
From: Chuck A.
Sent: Tuesday, February 9
I'm still new here, but am amazed at how the program exceeds my best expectations.

-----Original Message--------------------------------------------------------------
From: Bill W.
Sent: Sunday, February 7
Most of my retirement is in cdx3. Good return without a lot of risk.

-----Original Message--------------------------------------------------------------
From: David L.
Sent: Wednesday, February 3
This investment stratigy is safe and is well suited for retirees like me. Invest it and sleep at night.

-----Original Message--------------------------------------------------------------
From: Ken B.
Sent: Friday, January 29
Been a subscriber for many years...you're doing an awesome job!

-----Original Message--------------------------------------------------------------
From: Phill B.
Sent: Friday, January 22
I am a new subscriber and also retired and must say I should have subscribed a long time ago. I find your information very helpful.

-----Original Message--------------------------------------------------------------
From: Barry T.
Sent: Wednesday, January 13
Every trade I've made since reading your book and using your service has proven so far to be profitable. I like the ease of finding high quality preferreds easily.

-----Original Message--------------------------------------------------------------
From: Wally M.
Sent: Saturday, January 9
Your service is outstanding! My capital gains, plus regular income, from following your work since financial crash of 2007-09 was the first time in my life that I ever did well in the stock market. I am 93, and am training my daughter to continue with your information.

-----Original Message--------------------------------------------------------------
From: Richard A.
Sent: Wednesday, January 6
Always good solid information. Great value.

-----Original Message--------------------------------------------------------------
From: Kenneth L.
Sent: Wednesday, January 6
The site has everything I need.

-----Original Message--------------------------------------------------------------
From: William Y.
Sent: Wednesday, December 30
The information and analysis is excellent. I like the 10 point rating system that is so well described in your book.

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Tuesday, December 15
It has served me well since I started. ): I have a fairly large position in preferred stock and your service is the only way I know what is going on.

-----Original Message--------------------------------------------------------------
From: Bob W.
Sent: Thursday, December 3
The notification service gets me a better price for the stock...and keep me alert to new issues.

-----Original Message--------------------------------------------------------------
From: Michael T.
Sent: Tuesday, December 1
Very comprehensive and thoughtful analysis based on sound fundamentals. The service is a great way to keep up to date on the investment class and specific issues.

-----Original Message--------------------------------------------------------------
From: Al M.
Sent: Monday, November 30
I have done very well with preferred stocks using Doug's ranked 10 and the bargain group. It has been a successful tool for me as a retiree.

-----Original Message--------------------------------------------------------------
From: Ray E.
Sent: Friday, November 27
Most complete and user friendly source of information on preferred stocks.

-----Original Message--------------------------------------------------------------
From: Gary L.
Sent: Friday, November 27
Provides excellent information on virtually all preferred stocks.

-----Original Message--------------------------------------------------------------
From: John H.
Sent: Tuesday, November 3
Comprehensive, informed, moderately conservative, relatively easy to use.

-----Original Message--------------------------------------------------------------
From: John K.
Sent: Monday, November 2
Your cdx3 does fulfill the promise at least 3 times of a CD rate on a CONSISTENT BASIS.

-----Original Message--------------------------------------------------------------
From: John M.
Sent: Saturday, October 31
It's the only source of detailed info.

-----Original Message--------------------------------------------------------------
From: Michael C.
Sent: Tuesday, October 3
Your service is one of my primary sources for new preferred issues and research...up to date information, extensive and easy to sort.

-----Original Message--------------------------------------------------------------
From: Richard K.
Sent: Monday, October 12
Excellent coverage of the pfd market. It's a great resource for preferred stock information.

-----Original Message--------------------------------------------------------------
From: Jerome E.
Sent: Thursday, October 8
Your preferred services have been very useful to me! I have a very large portfolio (for me) with probably 50 names in it so I'm watching things all the time and your service is most helpful.

-----Original Message--------------------------------------------------------------
From: William K.
Sent: Monday, October 5
Site has virtually any information you could desire about preferred stocks, and does an excellent job of listening to suggestions.

-----Original Message--------------------------------------------------------------
From: Ken W.
Sent: Thursday, October 1
I'm impressed with the website, especially the bargain table listings and automatic calculations of yield. That'll be a big time saver.

-----Original Message--------------------------------------------------------------
From: Nicholas M.
Sent: Wednesday, September 30
A lot of good info aimed at all levels of investors.You do good work!

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Tuesday, September 29
The objectivity and detailed information...helps me make decisions about buying and holding or selling positions. Keep up the good work!

-----Original Message--------------------------------------------------------------
From: Gary H.
Sent: Sunday, September 20
I have made money using CDx3!

-----Original Message--------------------------------------------------------------
From: Marlowe F.
Sent: Tuesday, September 15
Comprehensive information on preferred stocks. Rating system, notification service, discussion group.

-----Original Message--------------------------------------------------------------
From: John A.
Sent: Monday, September 7
Great data base!

-----Original Message--------------------------------------------------------------
From: Ken W.
Sent: Saturday, September 5
The metrics that you provide are very valuable to me and put the preferred market into perspective at any given point in time, which allows me to be a better preferred stock investor.

-----Original Message--------------------------------------------------------------
From: Anthony H.
Sent: Friday, September 4
I just wanted to drop you a quick note about the new TRENDS tab.... I can not tell you what a HUGE help this is. One can now easily see that anytime a CDx3 issue can be bought for around $24 or less, there is very little risk of being wrong on the best buy point.

-----Original Message--------------------------------------------------------------
From: James A.
Sent: Thursday, September 3
You guys do a great job of presenting the relevant info to assist in decision making

-----Original Message--------------------------------------------------------------
From: Joseph P.
Sent: Saturday, August 29
Your service has gotten me through this zero interest rate period. As long as I'm alive I will be your subscriber.

-----Original Message--------------------------------------------------------------
From: Peter R.
Sent: Tuesday, August 18
The info is timely, helpful and useful.

-----Original Message--------------------------------------------------------------
From: Franklin M.
Sent: Tuesday, August 18
It's much less work when I get notified automatically on new issues, calls, etc. I save hours of time now!

-----Original Message--------------------------------------------------------------
From: Kyle W.
Sent: Friday, August 7
Great data aggregation. Appreciate the ability to search, export and see up to date Yield info.

-----Original Message--------------------------------------------------------------
From: Clark L.
Sent: Friday, July 31
It is the best source to screen preferred stocks for purchase.

-----Original Message--------------------------------------------------------------
From: Jon S.
Sent: Thursday, July 30
Your system gives the best of safety and income.

-----Original Message--------------------------------------------------------------
From: Valmore Z.
Sent: Sunday, July 19
Excellent material, you can use the information every day and make money. I think it is really great.

-----Original Message--------------------------------------------------------------
From: Richard A.
Sent: Monday, July 6
You are the best available for the individual investor. Keep it up!

-----Original Message--------------------------------------------------------------
From: Robert V.
Sent: Friday, July 3
I am an 85 year old investor and can't afford to lose money, but by the same token I need a reliable source of income. Thanks to you, you have helped me accomplish this.

-----Original Message--------------------------------------------------------------
From: Michael R.
Sent: Wednesday, July 1
I have gifted this book to my two bothers and sister, notifying them that this is how I as trustee will manage grandmas estate!

-----Original Message--------------------------------------------------------------
From: James L.
Sent: Sunday, June 28
I have been using it for over two years and my results are predictable and consistent. I have expanded my single license to one multiple license and the whole group is using the service to our benefit.

-----Original Message--------------------------------------------------------------
From: Jeff S.
Sent: Tuesday, June 23
Love the database! Keep up the great work!!

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Monday, June 22
It gives me all I want or need for a reasonable price. Keep it up.

-----Original Message--------------------------------------------------------------
From: Larry H.
Sent: Wednesday, June 17
Great database and techniques for research. No other source comes close to yours for preferred stock info and data.

-----Original Message--------------------------------------------------------------
From: Bill W.
Sent: Tuesday, June 16
You provide valuable information quickly and easily avalable.

-----Original Message--------------------------------------------------------------
From: Don W.
Sent: Friday, May 29
Since I began investing in pfd's and read Doug's book the site has become an invaluable part of my decision making process - The ease of searching for pfd's. The various research tools and the discussion group that I visit a couple times a day.

-----Original Message--------------------------------------------------------------
From: Ray E.
Sent: Wednesday, May 27
Itís the single best source of preferred stock information.

-----Original Message--------------------------------------------------------------
From: Mark A.
Sent: Monday, May 11
It's a relatively easy to use system. Low risk. I make money with it.

-----Original Message--------------------------------------------------------------
From: John K.
Sent: Monday, May 4
Great source for investment grade Pfds + cdx3 Discussion Group.

-----Original Message--------------------------------------------------------------
From: George G.
Sent: Friday, May 1
Good overarching review of what is available. Very good service. I have recommended you to others.

-----Original Message--------------------------------------------------------------
From: Chuck J.
Sent: Thursday, April 16
Strong strategy with professional service. Thanks to Doug and staff for providing great value.

-----Original Message--------------------------------------------------------------
From: Richard K.
Sent: Sunday, April 12
It's a good service that does highlight quality differentiation in preferreds as well as new listings of preferreds. I do value the service.

-----Original Message--------------------------------------------------------------
From: Don L.
Sent: Saturday, April 11
The web site provides great information and is easy to use. I enjoy the search tools, the discussion group, the monthly research, and the announcements.

-----Original Message--------------------------------------------------------------
From: Gerald P.
Sent: Thursday, April 9
Excellent compilation of information, sound guidance and useful announcements of new OTC issues. It has more than paid for my subscription.

-----Original Message--------------------------------------------------------------
From: William K.
Sent: Sunday, April 5
You have done a very good job of listening to, and responding to, questions and suggestions. CDx3 provides the information I need to make comparisons and decisions.

-----Original Message--------------------------------------------------------------
From: Gary H.
Sent: Monday, March 23
I have made good profits since joining CDx3. Its a moneymaker with small amount of work on my part.

-----Original Message--------------------------------------------------------------
From: Sid P.
Sent: Wednesday, March 18
Criteria for CDX3 will keep my investments safe. And the discussion group is invaluable.

-----Original Message--------------------------------------------------------------
From: Don Q.
Sent: Sunday, March 15
Concise, complete and professional. I would have never invested in a preferred had it not been for the book and subsequent subscription.

-----Original Message--------------------------------------------------------------
From: Bob C.
Sent: Friday, March 13
I have used it for several years now and it has consistently enabled me to choose good stocks that have made money. The subscription pays for itself many times over!!

-----Original Message--------------------------------------------------------------
From: Michael T.
Sent: Friday, February 23
You have a great service. I wish all my subscriptions were as thorough and well organized.

-----Original Message--------------------------------------------------------------
From: Charles M.
Sent: Tuesday, February 10, 2105
The information is excellent. Great service, keep up the good work.

-----Original Message--------------------------------------------------------------
From: Thomas V.
Sent: Monday, February 9
I especially like the quick access to data, the overall quality of the site and the info provided.

-----Original Message--------------------------------------------------------------
From: Michael T.
Sent: Monday, February 2
The book provides understanding of the field, allowing decisions by the investor for an appealing type if investment.

-----Original Message--------------------------------------------------------------
From: Dean H.
Sent: Monday, January 26
The service provided is very useful and time saving.

-----Original Message--------------------------------------------------------------
From: Gordon S.
Sent: Sunday, January 25
I especially like the email notifications of IPOs available OTC and the ease of searching for issues that meet specific search criteria.

-----Original Message--------------------------------------------------------------
From: David S.
Sent: Wednesday, January 21
Your methodology as described in the book is sound, well reasoned and well communicated...it works as you described. I like the website very much.

-----Original Message--------------------------------------------------------------
From: David F.
Sent: Tuesday, January 20
The book provides a good understanding of how prefers work. And I like easily finding good quality preferred stocks [on your website].

-----Original Message--------------------------------------------------------------
From: Wally M.
Sent: Tuesday, January 6
Your advice to me has been extremely informative, and valuable.

-----Original Message--------------------------------------------------------------
From: Michael R.
Sent: Thursday, January 1
After reading your book and practicing principles for three years I bought three more copies for gifts to my brothers and sister. Keep up the good work!

-----Original Message--------------------------------------------------------------
From: Robert D.
Sent: Wednesday, December 31
You offer the most complete analysis of Preferreds that I have found.

-----Original Message--------------------------------------------------------------
From: Rob A.
Sent: Friday, December 26
One of a very few on the subject. This one is objective.

-----Original Message--------------------------------------------------------------
From: Bill W.
Sent: Tuesday, December 16
Quick and essy access to the info I need or want. A fast and thorough tool.

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Thursday, December 11
Preferred stocks are about the only relatively safe income producing option and CDx3 is the best information provider.

-----Original Message--------------------------------------------------------------
From: Gary L.
Sent: Thursday, November 27
Provides timely information in concise form and offers a great database for reviewing preferred stocks and ETD issues. A unique product offering on preferrers and ETD.

-----Original Message--------------------------------------------------------------
From: Steve R.
Sent: Monday, November 10
Excellent source of data as well as the Discussion group. Easy to find info on candidate issues via the Search of the database. Also, lots of great ideas and supplemental info from the Discussion group. Invaluable source information.

-----Original Message--------------------------------------------------------------
From: Ronny P.
Sent: Sunday, November 9
I have been very pleased with my results of your e-mail service.

-----Original Message--------------------------------------------------------------
From: Michael B.
Sent: Friday, November 7
My first involvement in Preferred came about through Doug's book. The Notification Service continues to add value to my understanding and investment in Preferred stock.

-----Original Message--------------------------------------------------------------
From: Jeff M.
Sent: Sunday, November 2
It is the best and simplest site for everything related to Preferred Issues.

-----Original Message--------------------------------------------------------------
From: Don Q.
Sent: Thursday, October 9
Your latest innovations providing value added change to my CDx3 subscription are applauded! I have no concerns in my mind re the value of my subscription and will definitely be enrolling for another year.

-----Original Message--------------------------------------------------------------
From: John M.
Sent: Sunday, October 5
I think there is real value in whats provided. The resources and tools offer the user to zero in on high quality stocks in a number of ways.

-----Original Message--------------------------------------------------------------
From: Richard C.
Sent: Monday, September 29
It is the best service in Preferreds that I am aware of. Your guidelines for 10, the notification service, the watch lists one can create - etc etc. Greatly facilitates the investing process in Prefers.

-----Original Message--------------------------------------------------------------
From: Andrew H.
Sent: Monday, September 22
Unique analysis of the opportunities out there with prefered's.

-----Original Message--------------------------------------------------------------
From: Jim C.
Sent: Tuesday, September 16
Unparalleled. Excellent explanation of preferred stock investing.

-----Original Message--------------------------------------------------------------
From: Filip E.
Sent: Tuesday, September 16
You get the info you need fast. Other screeners do not typically show moody rating, or if the issue is callble, convertible etc.

-----Original Message--------------------------------------------------------------
From: Donald Q.
Sent: Monday, September 15
ABSOLUTELY best intro/tutorial on PFD topic that I could have ever asked for. The explanations and process provided allowed me to make a significant investment in PFD stocks this year with confidence.

-----Original Message--------------------------------------------------------------
From: Loys S.
Sent: Wednesday, September 10
You cover a multitude of preferred stocks which I would never hear of otherwise. Your service has all the information I need.

-----Original Message--------------------------------------------------------------
From: Bill T.
Sent: Tuesday, September 9
CDx3 is dedicated solely to preferreds with a knowledgeable founder and community.

-----Original Message--------------------------------------------------------------
From: David F.
Sent: Sunday, September 7
The most important item I get from CDx3 is how to identify quality preferred stocks and ETDs.

-----Original Message--------------------------------------------------------------
From: Don C.
Sent: Friday, September 5
The most complete explanation and evaluation of preferred market there is.

-----Original Message--------------------------------------------------------------
From: Tim H.
Sent: Monday, September 1
The detail available on each PS is excellent. I like the Search Engine and the updates for my investing. Many people do not understand or use Preferred Stocks investments. I think it is a great way to increase your returns safely using your system.

-----Original Message--------------------------------------------------------------
From: James P.
Sent: Saturday, August 30
Your service has helped me survive with the zero percent interest during my retirement. Continue the great job you are doing.

-----Original Message--------------------------------------------------------------
From: Michael A.
Sent: Tuesday, August 26
I love the new active chart feature; Iíve been craving that for quite some time.

-----Original Message--------------------------------------------------------------
From: Gary M.
Sent: Saturday, August 23
I've been investing in preferreds for quite a few years, but find your work to be a great assist in stock selection.

-----Original Message--------------------------------------------------------------
From: Don M.
Sent: Wednesday, Aguust 20
Best possible complete service.

-----Original Message--------------------------------------------------------------
From: Bruce G.
Sent: Friday, August 15
Excellent information and well-organized display screens that are very helpful in picking out preferred stocks quick and easy.

-----Original Message--------------------------------------------------------------
From: Nick P.
Sent: Monday, August 11
Great service! Please keep it up.

-----Original Message--------------------------------------------------------------
From: Kyle W.
Sent: Thursday, August 7
Best consolidation of information. Great organization and ability to sort preferred market. Great site.

-----Original Message--------------------------------------------------------------
From: Douglas B.
Sent: Sunday, July 27
It is a very specific service that is appropriate for my small group of self directed investors!

-----Original Message--------------------------------------------------------------
From: Kevin M.
Sent: Thursday, July 24
Your PSL system is a very good database with several good features (ratings,call dates, etc) and live pricing.

-----Original Message--------------------------------------------------------------
From: Ken B.
Sent: Wednesday, July 23
This is the best resource out there for preferred/ETD investing. I've been a subscriber for many years. Its a tremendous resource and great value.

-----Original Message--------------------------------------------------------------
From: Bob V.
Sent: Friday, July 4
As a retired investor (84) your service provides me with a safe, dependable source of income during these low income, scary investment times. Keep up the great work.

-----Original Message--------------------------------------------------------------
From: Robert D.
Sent: Saturday, June 28
As a subscriber and preferred stock investor I find much good advice on an ongoing basis.

-----Original Message--------------------------------------------------------------
From: Robert A.
Sent: Saturday, June 28
I have over $19 Million of client money invested in preferreds. I'm getting timely and accurate information.

-----Original Message--------------------------------------------------------------
From: Dave W.
Sent: Thursday, June 26
Best one I've come across - depth of research and rating system. Ability to access preserved data base to enable own analyses.

-----Original Message--------------------------------------------------------------
From: Don Q.
Sent: Sunday, June 22
I can never thank you enough for the insights to include the multitude of Ono's' and Aha's that you provided in edition # 5. The discipline involved in your CDx3 process is impressive and your rationale has proven both compelling and beneficial.

-----Original Message--------------------------------------------------------------
From: Donald B.
Sent: Friday, June 20
The 10 point analysis of preferreds make this very simple for the average investor...this is the best way to evaluate dividend stocks.

-----Original Message--------------------------------------------------------------
From: Dennis F.
Sent: Wednesday, June 18
I like the notifications about new preferred stocks. Also I like the breakdown of the rating into components as depicted in the book. These have been useful to me in making investment choices. I am very satisfied.

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Tuesday, June 17
The only good PS info I found. How else am I going to find out what's going on in the PS relm?

-----Original Message--------------------------------------------------------------
From: Don C.
Sent: Saturday, June 7
You are committed to your website and audience and keep us up to date with the monthly newsletters. Your tools are excellent as well. Nearly one stop shopping for pfds.

-----Original Message--------------------------------------------------------------
From: Ed B.
Sent: Thursday, June 5
Service has high value in relation to cost...and provides timely detailed information that saves me massive time in researching preferred securities.

-----Original Message--------------------------------------------------------------
From: Gary T.
Sent: Thursday, June 5
Easy of finding quality preferrerds at good prices...I use it often.

-----Original Message--------------------------------------------------------------
From: Ray E.
Sent: Wednesday, May 28
CDx3 is a unique service for preferred stock investors...The presentation and organization in CDx3 sets it apart from others...A valued resource that I use daily.

-----Original Message--------------------------------------------------------------
From: Gary L.
Sent: Wednesday, May 28
I consider the service the most useful one I have found regarding preferred stocks. The information helps me make better investments.

-----Original Message--------------------------------------------------------------
From: Franco C.
Sent: Friday, May 16
It's great tool and Preferred Stock Search Engine is Comprehensiveness and Thorough.

-----Original Message--------------------------------------------------------------
From: Sam G.
Sent: Wednesday, May 14
I have been a subscriber for several years and have invested in preferrers. I have checked other sites and found this one the best.

-----Original Message--------------------------------------------------------------
From: Ronny P.
Sent: Saturday, May 10
I have been very pleased with my results using your service...I will renew when it's time as I think the product is affordable and very useful.

-----Original Message--------------------------------------------------------------
From: Walter W.
Sent: Monday, May 5
CDx3 is the only one around that has any credibility.

-----Original Message--------------------------------------------------------------
From: Edward S.
Sent: Friday, May 2
It's about the only place you can get insight into preferred share activity.

-----Original Message--------------------------------------------------------------
From: Ken S.
Sent: Thursday, May 1
...[The CDx3 database] is complete with good parameters, easy sorting etc.

-----Original Message--------------------------------------------------------------
From: Brock S.
Sent: Tuesday, April 29
The income and growth I have been able to generate for several years now allows me to enjoy my early retirement.

-----Original Message--------------------------------------------------------------
From: Doug B.
Sent: Monday, April 28
Love the service. As I tell my wife, one of the few services that has investable, actionable info I really use.

-----Original Message--------------------------------------------------------------
From: Dave J.
Sent: Monday, April 21
Up to date info and excellent filters.

-----Original Message--------------------------------------------------------------
From: Steve D.
Sent: Sunday, April 6
The information available is complete and up-to-date. The discussion group is extremely knowledgeable and willing to help new preferred investors. Best source of preferred investing I have encountered.

-----Original Message--------------------------------------------------------------
From: Dennis H.
Sent: Friday, April 4
No other service offers the simple and direct approach to preferred investing...I'm dropping other services.

-----Original Message--------------------------------------------------------------
From: Wayne M.
Sent: Monday, March 31
It's a comprehensive guide to investing in what is an often overlooked market...a continuous stream of valuable information.

-----Original Message--------------------------------------------------------------
From: Michael E.
Sent: Friday, March 28
CDx3 is a condensed, valuable resource to anyone looking to simplify their understanding of the benefits/risks of preferred stocks.

-----Original Message--------------------------------------------------------------
From: Jim T.
Sent: Wednesday, March 26
The vetting of possible preferreds is invaluable and saves research time...your preferred stock screener is the most comprehensive.

-----Original Message--------------------------------------------------------------
From: David S.
Sent: Tuesday, March 25
Good info, easy to use, easy to find.

-----Original Message--------------------------------------------------------------
From: Marlowe F.
Sent: Monday, March 17
The book is easy to read, compelling argument supported by comprehensive, not cherry-picked data. I like the CDX3 database, the forum. Oh yes, and my success to date using the method.

-----Original Message--------------------------------------------------------------
From: Donald Q.
Sent: Saturday, March 15
The service is not complicated. It offers a disciplined process; proven performance; robust database; informative discussions. I am now a PFD 'junkie' after years of fighting with stocks/bonds/ETF. I have found CDx3 and PFD's to be just what my doctor ordered.

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Saturday, March 15
Best blog out there for pref stock. Best research too.

-----Original Message--------------------------------------------------------------
From: Sergio O.
Sent: Monday, March 10
My subscription to your site is one of the best bussiness decisions of my life. It is very enlightening.

-----Original Message--------------------------------------------------------------
From: Valmor Z.
Sent: Wednesday, March 5
The book is solid; the Website is consistent with the book and is always up to date and with news all the time. I'm making money with that info.

-----Original Message--------------------------------------------------------------
From: James T.
Sent: Tuesday, March 4
Excellent results before, during, and after the Ďgreat recessioní of 2008...Keep up the good work

-----Original Message--------------------------------------------------------------
From: Jeff S.
Sent: Friday, February 28
Read your book; awesome info. Now a new subscriber!

-----Original Message--------------------------------------------------------------
From: Ken G.
Sent: Friday, February 14
Doug seems to be on the top of everything going on with regard to preferred stocks. The [CDx3 Notification Service] is an economical way of being aware of what preferred investments are available.

-----Original Message--------------------------------------------------------------
From: Eric T.
Sent: Tuesday, February 11
Your CDx3 service is looking great!! Terrific new features you've added since I was last subscribed!

-----Original Message--------------------------------------------------------------
From: Don Q.
Sent: Monday, February 10
Reading your book (twice), subscribing to your service and embracing your process are very positive highlights of my 'wealth management' endeavors in retirement.

-----Original Message--------------------------------------------------------------
From: David Q.
Sent: Friday, February 7
Good site for meaningful info on preferreds...keep up the good work, your service is very valuable.

-----Original Message--------------------------------------------------------------
From: Jim A.
Sent: Thursday, February 6
You guys have a great service!

-----Original Message--------------------------------------------------------------
From: David G.
Sent: Wednesday, February 5
I am a recently paid up subscriber to your notification service and love your web site.

-----Original Message--------------------------------------------------------------
From: Thomas G.
Sent: Saturday, February 1
Excellent and timely information on preferred stocks. CDx3 has become an integral part of my investing approach...Thanks for the great effort!

-----Original Message--------------------------------------------------------------
From: Jon S.
Sent: Friday, January 31
The strategy is low reisk and high yield with minimum effort. I find this strategy the best I have ever used.

-----Original Message--------------------------------------------------------------
From: Doug B.
Sent: Thursday, January 30
It is a great service for actionable investment info.

-----Original Message--------------------------------------------------------------
From: Dean H.
Sent: Monday, January 27
Timely Preferred Stock info saves me a lot of research time.

-----Original Message--------------------------------------------------------------
From: David F.
Sent: Tuesday, January 21
It provides an easy way to find quality preferred stocks and ETDs. It is easy to understand and use. The quality of the comments on the forum is also good.

-----Original Message--------------------------------------------------------------
From: June S.
Sent: Thursday, January 16
Thank you for this wonderful information! Great resource.

-----Original Message--------------------------------------------------------------
From: Barry F.
Sent: Wednesday, January 8
I am a retired professional investor and I think your site is great, I have found nothing like it for the fragmented preferred market.

-----Original Message--------------------------------------------------------------
From: Bob V.
Sent: Saturday, Janauary 4
I have used this service for about 4 years and found it helpful for my fixed income portion of my portfolio.

-----Original Message--------------------------------------------------------------
From: James L.
Sent: Monday, December 30
I have used the service to find a number of stocks that are now paying on a regular basis. The ability to earn a specific percentage on preferred stocks that is guaranteed unless the company goes out of business is very attractive.

-----Original Message--------------------------------------------------------------
From: Robert D.
Sent: Sunday, December 29
I think you offer a very comprehensive service regarding investing in Preferreds. I have been buying preferreds on my own for a long time. I like having someone else who spends the time to help me make the right decisions.

-----Original Message--------------------------------------------------------------
From: Tom T.
Sent: Wednesday, December 18
It's a great service...

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Monday, December 16
All the info needed to make smart decisions consistant with your financial ideas is available with the service. One stop investing. I have a fair amount invested in preferred stock. Where else could I easily get the info to maintain my investment?

-----Original Message--------------------------------------------------------------
From: Jim S.
Sent: Sunday, December 15
You must read Doug's book, but having absorbed that information, the Notification Service keeps you up to date and you have everything you need to invest wisely in preferred stocks and ETDs. The Notification Service keeps me up to date on preferred stock investing issues.

-----Original Message--------------------------------------------------------------
From: Jim M.
Sent: Friday, December 13
Most understandable book there is for investing for income.

-----Original Message--------------------------------------------------------------
From: Michael E.
Sent: Wednesday, December 11
I am not aware of any website comparable to yours in regards to providing this specialized information. Preferred's are great income vehicles for most long term investors...and they are generally overlooked. I use your service to help build my future retirement portfolio. Keep up the good work!!!

-----Original Message--------------------------------------------------------------
From: Jared A.
Sent: Wednesday, December 11
Thank you for the excellent website and the informative well written articles that brought me to your site and convinced me to subscribe. It's a great site.

-----Original Message--------------------------------------------------------------
From: David G.
Sent: Tuesday, December 10
Great info easily available.

-----Original Message--------------------------------------------------------------
From: Gary L.
Sent: Thursday, November 28
Great, consistent information on new issues as well as excellent reference material on existing preferrers...Best source on preferred stocks.

-----Original Message--------------------------------------------------------------
From: Irving C.
Sent: Wednesday, November 27
It's the only service I know that gives so much detailed info about pfd stocks.

-----Original Message--------------------------------------------------------------
From: Richard W.
Sent: Tuesday, November 26
Well done, very helpful...Thanks for doing a good job.

-----Original Message--------------------------------------------------------------
From: Christian D.
Sent: Sunday, November 23
Doug's thesis is grounded in data, it's easy to understand and execute, and it gets results. The risk/reward ratio is superior to most other investment strategies.

-----Original Message--------------------------------------------------------------
From: Barry L.
Sent: Saturday, November 23
I have used the info from your newsletters to make a good return on my investments. Much more than the price of the newsletter.

-----Original Message--------------------------------------------------------------
From: Fred M.
Sent: Tuesday, November 19
Dependable quality comprehensive info on all preferred securities a key stroke away.

-----Original Message--------------------------------------------------------------
From: Raymond G.
Sent: Friday, November 1
Good basic info and guidance on preferreds.

-----Original Message--------------------------------------------------------------
From: Michael B.
Sent: Monday, October 21
I like the 10 steps and Doug explains it well. I find the information absolutely invaluable. Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Richard T.
Sent: Saturday, October 12
There are few ways to introduce investing to younger generations that are better than yours. We operate with four generations using your site.

-----Original Message--------------------------------------------------------------
From: Christine S.
Sent: Friday, October 11
You pretty much have all the information available to make informed decisions in buying and selling preferreds. AND very easy to use.

-----Original Message--------------------------------------------------------------
From: David B.
Sent: Wednesday, October 9
Very useful ,user friendly info service for preferreds- great option for fixed income.

-----Original Message--------------------------------------------------------------
From: Jack L.
Sent: Monday, October 7
Excellent service. I particularly like and use the scanning feature to buy the exact prefer reds I want. I am retired and live on the interest payments received and your service is perfect for my needs.

-----Original Message--------------------------------------------------------------
From: Dom B.
Sent: Saturday, October 5
Comprehensive research at a reasonable price.

-----Original Message--------------------------------------------------------------
From: Mike E.
Sent: Sunday, September 22
I love your website.

-----Original Message--------------------------------------------------------------
From: Norman C.
Sent: Friday, September 20
You provide the information to make sound investment decisions.

-----Original Message--------------------------------------------------------------
From: Marlowe F.
Sent: Tuesday, September 17
Excellence, accuracy and comprehensiveness of the database. Discussion board is phenomenal, helpful and insightful because it is civil, variety of opinions (many of them expert) and most importantly 'interests are aligned'. Keep up the good work.

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Sunday, September 15
Best research in one place for Pref Stocks. I just had one of my fellow investors join and he purchased the book too. Best site to get info on pref stocks and also has a great forum.

-----Original Message--------------------------------------------------------------
From: James T.
Sent: Wednesday, September 11
CDx3 has worked for me through thick and thin including through the great recession.

-----Original Message--------------------------------------------------------------
From: Don C.
Sent: Saturday, September 7
No better source of preferred stock analysis and up-to-date information.

-----Original Message--------------------------------------------------------------
From: Jim P.
Sent: Friday, August 30
You have gotten me through this zero interest rate time with income and profits for over 5 years. Cannot be without the service, the Research Notes, etc.

-----Original Message--------------------------------------------------------------
From: Michael K.
Sent: Friday, August 30
Preferreds have performed as expected following the book. Enjoy the service.

-----Original Message--------------------------------------------------------------
From: Gary B.
Sent: Friday, August 30
Very comprehensive website. Easy to find good Preferred stocks. This is the best place I have found for preferred stock investing.

-----Original Message--------------------------------------------------------------
From: Dennis C.
Sent: Sunday, August 25
The detail and promptness of notifications are great. Have already renewed ahead of time and will continue to do so. You are doing an excellent job now, keep it up.

-----Original Message--------------------------------------------------------------
From: Donald M.
Sent: Sunday, August 11
I use the information on your site and the seeking Alpha site to help me buy or sell preferred stock.

-----Original Message--------------------------------------------------------------
From: Mike C.
Sent: Saturday, August 10
Great info on the preferred offerings.

-----Original Message--------------------------------------------------------------
From: Bruce G.
Sent: Monday, August 5
It's an excellent and quick way to check on Preferred stocks for purchase and sales. It's a good service for those of us interested in Preferred stocks.

-----Original Message--------------------------------------------------------------
From: Sid P.
Sent: Tuesday, July 30
The CDX3 criteria keeps one safe. When I have deviated from it I have taken a bath...If I am in Preferreds I can't do without it.

-----Original Message--------------------------------------------------------------
From: Thomas C.
Sent: Sunday, July 28
The notifications of new OTC listings is extremely valuable, as is the listing of all preferred and ETD shares.

-----Original Message--------------------------------------------------------------
From: Dean H.
Sent: Saturday, July 27
Find it very usefull and time saving. Would be lost without it.

-----Original Message--------------------------------------------------------------
From: David P.
Sent: July 25
Exceptional detail on price movements and how to buy.

-----Original Message--------------------------------------------------------------
From: Jim S.
Sent: Wednesday, July 17
I don't make a preferred stock investment without checking CDX3. Keep up the good work!

-----Original Message--------------------------------------------------------------
From: John R.
Sent: Tuesday, July 9
Information on issues and forum groups are excellent! Great value! The service is excellent.

-----Original Message--------------------------------------------------------------
From: Robert D.
Sent: Sunday, July 7
This is the best, most complete analysis of preferred stock investing I have ever seen.

-----Original Message--------------------------------------------------------------
From: Wally M.
Sent: Saturday, July 6
I often recommend your books and website. Your information has been very valuable to me. I was fortunate to find it during the depressed markets 5 or 6 years ago,and have had substantial capital gains since then--for the first time in my investing life.

-----Original Message--------------------------------------------------------------
From: Bob V.
Sent: Thursday, July 4
As a retiree (age 83), I have found the service reliable, trustworthy and profitable.

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Tuesday, June 18
CDx3 is the only informative service that I have ever found...It does what I need it to do.

-----Original Message--------------------------------------------------------------
From: Chuck J.
Sent: Tuesday, June 18
This is a powerful service that provides a wide range of opportunities and ties it to the original 10 powerful key criteria. I like the data, and especially like the notification when new opportunities are available and we get notified by email.

-----Original Message--------------------------------------------------------------
From: John V.
Sent: Tuesday, June 18
Useful info, discussion group, constantly improving service...Its making me money.

-----Original Message--------------------------------------------------------------
From: John F.
Sent: Sunday, June 16
I recommended you to my Daughter and she signed up with you. I have been with you since 2008 and I haven't been disappointed yet...thanks.

-----Original Message--------------------------------------------------------------
From: Fredrick P.
Sent: Friday, June 14
It is very educational. All departments. Seriously! Keeps me up to date on pfds. Discussion groups are the best.

-----Original Message--------------------------------------------------------------
From: David G.
Sent: Thursday, June 13
Good info on the site; discussion boards are very helpful.

-----Original Message--------------------------------------------------------------
From: Ken W.
Sent: Thursday, June 13
I am a new subscriber as of yesterday and have been devouring your website...I love it! Thank you for the great service!

-----Original Message--------------------------------------------------------------
From: Steve M.
Sent: Saturaday, June 8
Have already recommended CDx3 to friends who have become subscribers. It is an excellent, well thought out system and service that is constantly improving. Thanks Doug!

-----Original Message--------------------------------------------------------------
From: Al M.
Sent: Friday, May 31
Never had a loosing position.

-----Original Message--------------------------------------------------------------
From: Gary L.
Sent: Thursday, May 30
Unique information on preferred stock investing...I do not know of any other source of such important information and continuous flow of updates.

-----Original Message--------------------------------------------------------------
From: Vince C.
Sent: Thursday, May 30
I pretty much like everything you do. Your insights and research always impress. Did I mention I really appreciate you and your crew? I do!

-----Original Message--------------------------------------------------------------
From: Don W.
Sent: Thursday, May 30
Excellent search ability with filtering. I can easily see the strengths of preferreds. And the discussion group has become very important to me.

-----Original Message--------------------------------------------------------------
From: Irving C.
Sent: Monday, May 27
I am a financial advisor and use preferred stocks as an important asset class. Your service provides the major research for my due diligence.

-----Original Message--------------------------------------------------------------
From: Jeff M.
Sent: Friday, May 17
Good research, good data, easy to use and I like the discussion group...I'm addicted.

-----Original Message--------------------------------------------------------------
From: John F.
Sent: Wednesday, May 8
It's the only source I know of where I can get info on preferreds. I couldn't do without it.

-----Original Message--------------------------------------------------------------
From: Jeff M.
Sent: Friday, May 3
Thorough, understandable, resonsive to questions.

-----Original Message--------------------------------------------------------------
From: John K.
Sent: Friday, May 3
Great way to keep track on investing in Preferreds. Good advice on new issues and good Discussion Group.

-----Original Message--------------------------------------------------------------
From: Don M.
Sent: April 30
The material is what is needed and I have always gotten fast and personal responses to my questions and/or comments. No place else does that happen!

-----Original Message--------------------------------------------------------------
From: David B.
Sent: Wednesday, April 24
Your explanations and advice have been very helpful in understanding preferreds...I've made money with your information!! Keep up the good work!

-----Original Message--------------------------------------------------------------
From: Richard T.
Sent: Friday, April 19
It performs as described by pre- screening preferreds.

-----Original Message--------------------------------------------------------------
From: Patrick D.
Sent: Thursday, April 18
The best book I have ever read on preferreds...and by far !!! I am nothing but impressed by your services.

-----Original Message--------------------------------------------------------------
From: Len S.
Sent: Monday, April 8
Your product is a true service to individual investors. Thanks for your vision and work.

-----Original Message--------------------------------------------------------------
From: Charles T.
Sent: Monday, April 8
Clear and complete! It is a good service.

-----Original Message--------------------------------------------------------------
From: Jack L.
Sent: Sunday, April 7
A very complete service that provides everything needed to make informed decisions for preferred stock investing. Completely covers the topic.

-----Original Message--------------------------------------------------------------
From: Jeff M.
Sent: Saturday, April 6
I love your service. I have been a stock broker for 25 years and a subscriber to your service for the past 3-4 years. The work you do is incredible.

-----Original Message--------------------------------------------------------------
From: Daryl R.
Sent: Saturday, March 30
Great research tools, scans, tables, updates on all issues relevant to preferreds, larger market context, monitoring new issues, comprehensive education about preferreds lifecycle strategic plan to implement.

-----Original Message--------------------------------------------------------------
From: Dennis M.
Sent: Monday, March 25
Great forum... the discussion group topics and information supplied by fellow CDx3 investors is invaluable! The timely information supplied by Doug and the in depth discussions on the forum are terrific. There's a feeling that everyone involved wants to help ALL of us be successful investors. Total WIN-WIN!. Keep up the great work! Thanks!

-----Original Message--------------------------------------------------------------
From: George R.
Sent: Saturday, March 23
This is the only investment service in an under served area of preferred stock...keep up the good work.

-----Original Message--------------------------------------------------------------
From: Stuart S.
Sent: Saturday, March 23
Your service clears out all the bad and useless stuff and gets individuals access to true potential investments.

-----Original Message--------------------------------------------------------------
From: Tim W.
Sent: Wednesday, March 20
This is a good service and very useful to me.

-----Original Message--------------------------------------------------------------
From: Norman C.
Sent: Wednesday, March 20
I find the service very helpful in my investing decision making...You provide the information to make a sound investment.

-----Original Message--------------------------------------------------------------
From: Michael E.
Sent: Tuesday, March 19
The service is very valuable to me as a research time saver. The discussion groups are very helpful as well. They are like having an active research team at my fingertips.
-----Original Message--------------------------------------------------------------
From: Marlowe F.
Sent: Monday, March 18
The database with filters. The Notification emails. The extremely high-quality, insightful, vigilant and civil discussion group...I've been very impressed by how responsive, thankful and focused on providing value and service that Doug and this site is.

-----Original Message--------------------------------------------------------------
From: Bob C.
Sent: Thursday, March 14
It has worked very well for me...I am making money!

-----Original Message--------------------------------------------------------------
From: Judy M.
Sent: Saturday, March 9
Timely information that I couldn't possibly ascertain on my own.

-----Original Message--------------------------------------------------------------
From: Don C.
Sent: Tuesday, March 5
Best source yet of well explained principles of preferred stock investing...the on-going information and excellent discussion forum are second to none.

-----Original Message--------------------------------------------------------------
From: Greg A.
Sent: Saturday, February 16
I feel the CDx3 strategy has limited risk and predictable returns.

-----Original Message--------------------------------------------------------------
From: Steve B.
Sent: Friday, February 15
The service provides the most comprehensive consolidated information on preferred stocks without any bias.

-----Original Message--------------------------------------------------------------
From: Carl M.
Sent: Wednesday, February 13
Easy to read and understand concepts. I like your service...

-----Original Message--------------------------------------------------------------
From: Bruce G.
Sent: Wednesday, February 6
Excellent information is provided by preferred stock lists, spec sheets, and email notifications.

-----Original Message--------------------------------------------------------------
From: Jon S.
Sent: Friday, February 1
Your program is sound, safe and profitable with minimal downside risk.

-----Original Message--------------------------------------------------------------
From: Dave P.
Sent: Friday, February 1
Expert knowledge well beyond other sources. I have confidence in the methodology and that it will lead to profits with low risk.

-----Original Message--------------------------------------------------------------
From: Thomas C.
Sent: Tuesday, January 29
The notification service is very helpful, as is access to the website...I would like to commend Doug on his very helpful comments on the CDX3 forums. Doug always takes time to address reader comments and does so in a professional fashion.

-----Original Message--------------------------------------------------------------
From: Dean H.
Sent: Sunday, January 27
The info provided is very helpful and saves me a lot of time.

-----Original Message--------------------------------------------------------------
From: Wally M.
Sent: Sunday, January 6
Best market information I have ever received!! I value your information and appreciate your work!

-----Original Message--------------------------------------------------------------
From: Arkady A.
Sent: Saturday, January 5
Up-to-date data in a user-friendly format written in plain english that can be understood by amateur investors. Excellent service provided by Doug.

-----Original Message--------------------------------------------------------------
From: Robert V.
Sent: Friday, January 4
Good solid info provided that I can rely on plus, over the years (as a retiree), I have money to live on with peace of mind.

-----Original Message--------------------------------------------------------------
From: Warren S.
Sent: Thursday, December 27
I feel confident in my investments and making money. Like the service and it keeps getting better.

-----Original Message--------------------------------------------------------------
From: Mike E.
Sent: Monday, December 24
You have a great service....keep up the good work.

-----Original Message--------------------------------------------------------------
From: Mike A.
Sent: Saturday, December 22
I think you provide a phenomenal service, easily worth the subscription fee and I do recommend it to people looking for yield beyond bank CDs.

-----Original Message--------------------------------------------------------------
From: Chuck J.
Sent: Tuesday, December 18
Well organized site that provides a good opportunity to earn good dividends over a broad range of investments...Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Jim S.
Sent: Sunday, December 16
The book provides information to the retail investor not readily available elsewhere...The information available on the Service's website is essential to making timely investment decisions.

-----Original Message--------------------------------------------------------------
From: John F.
Sent: Sunday, December 16
With your info I have made money. Dividends,calls and sales.

-----Original Message--------------------------------------------------------------
From: Fred P.
Sent: Friday, December 14
CDx3 is one of my most useful and go-to websites. Plain and simple. Your email alerts are a great feature.

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Thursday, December 13
CDx3 helps me make money on my PF investments without a lot of work on my part. It keeps getting better.

-----Original Message--------------------------------------------------------------
From: Jim M.
Sent: Thursday, December 13
It is the must simple way to avoid the advise of a financial advisor and all their cost...The best way to invest for a return in your retirement.

-----Original Message--------------------------------------------------------------
From: Jim B.
Sent: Monday, December 3
I have used the information for a couple years and profited from my investments while feeling relatively safe from the vagaries of the stock market.

-----Original Message--------------------------------------------------------------
From: Frank F.
Sent: Sunday, December 2

Well-organized and thorough information; good database options and links...The saying is: 'Cost is what you pay, value is what you get.'

-----Original Message--------------------------------------------------------------
From: Vince C.
Sent: Wednesday, November 28
You and your staff have earned my loyalty and I recommend you guys frequently. Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Chuck H.
Sent: Monday, November 26
CDx3 and Doug knows preferred stocks better than anyone else and they are very responsive to customers needs. Most other similar services do not put in the depth of work that CDx3 does

-----Original Message--------------------------------------------------------------
From: Christian D.
Sent: Saturday, November 24
Thank you, thank you, thank you. Your research is meticulous and the work on using the Web effectively has really paid off. I have not found any other letter or advisory service that has this reward / risk ratio

-----Original Message--------------------------------------------------------------
From: Jeff M.
Sent: Saturday, November 17
[The CDx3 Notification Service] adds great value to my investing work and improves results

-----Original Message--------------------------------------------------------------
From: Domenic V.
Sent: Thursday, November 15
Very profitable technique and the best understanding of preferreds around in an environment where there is no good research or understanding of this investment

-----Original Message--------------------------------------------------------------
From: Bill H.
Sent: Tuesday, November 13
With your ability to inform us when and how to use the Preferred market, you are important to me at 88 to get a good annual profit throw off of my invested funds

-----Original Message--------------------------------------------------------------
From: Dave B.
Sent: Monday, November 12
Thanks for all your work...I appreciate your letter and have made money with it!

-----Original Message--------------------------------------------------------------
From: Peter G.
Sent: Sunday, November 11
[The CDx3 Notification Service] has helped me make significant money and it's helped me decrease investment related risks & expenses. How can you not love that? Doug's service acts as an additional conscience for me and has helped immensely in my PS investment decision making process

-----Original Message--------------------------------------------------------------
From: Ken M.
Sent: Saturday, November 10
I have been a member since this summer and have added one preferred stock each month since joining. Each stock has paid big dividends and is up several precent since purchase. I feel I have benefited financially from my membership with your news letter. Thank you for your service. It is much appreciated

-----Original Message--------------------------------------------------------------
From: Bill C.
Sent: Saturday, November 3
You have more information than all of the past brokers I've dealt with in the past.

-----Original Message--------------------------------------------------------------
From: John K.
Sent: Saturday, November 3
Great info. Your 25 Below $25 ALREADY CALLABLE list is extremely valuable, considering its favorable potential gain to risk ratio

-----Original Message--------------------------------------------------------------
From: Carlton C.
Sent: Saturday, September 15
[The CDx3 Notification Service] is thorough and focused on preferred stocks.

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Saturday, September 15
Huge amount of info, easy to get the info, very good blog, expert advice from you...best site out there for pref stocks.

-----Original Message--------------------------------------------------------------
From: Michael V.
Sent: Thursday, September 13
Solid consistent practical advice.

-----Original Message--------------------------------------------------------------
From: Joe T.
Sent: Thursday, September 13
It is extremely valuable to me to have this information. As a retired investor I rely on predictably high cash flow investments. It has worked for me

-----Original Message--------------------------------------------------------------
From: John R.
Sent: Tuesday, September 11
I was an OTC market maker for 15 years...I have been searching for a website that I can get the information needed to make informed investment decisions on preferreds. This site is off the charts!

-----Original Message--------------------------------------------------------------
From: Joe P.
Sent: Thursday, August 30
Your service is my family survival especially in this zero interest environment.

-----Original Message--------------------------------------------------------------
From: Gary B.
Sent: Thursday, August 30
Excellent service and education.

-----Original Message--------------------------------------------------------------
From: Michael K.
Sent: Wednesday, August 29
Good service, nice discussion board. You are open to ideas and suggestions for improvements and the site has helped me manage my portfolio. Honest service with good customer service.

-----Original Message--------------------------------------------------------------
From: Dennis C.
Sent: Saturday, August 25
Keep going the way you have been. I really enjoy the service, [specifically] the amount of information for the timeliness of this information for the price.

-----Original Message--------------------------------------------------------------
From: Gary W.
Sent: Monday, August 20
[Your service] provides information on preferred stocks that is not easily available anywhere else.

-----Original Message--------------------------------------------------------------
From: Scott H.
Sent: Wednesday, August 15
First class customer service like this all too rare these days. Well done.

-----Original Message--------------------------------------------------------------
From: Carl M.
Sent: Friday, August 10
Your recommendations have made me money. Thank you!

-----Original Message--------------------------------------------------------------
From: Sid P.
Sent: Monday, July 30
It is the best information available and the safest if you use the CDx3 stocks.

-----Original Message--------------------------------------------------------------
From: John K.
Sent: Monday, July 16
I love your CDx3 Notification Service.

-----Original Message--------------------------------------------------------------
From: Christan B.
Sent: Saturday, July 14
As a new subscriber I have been very much enjoying the subscription notification service and discussion board...Thanks again for founding and maintaining this little country club. I tell AAA that being a member is like belonging to the country club for the DMV. CDx3 is like the AAA for the stock market.

-----Original Message--------------------------------------------------------------
From: Arkady A.
Sent: Wednesday, July 11
[This information is] extensive and in-depth research that is explained in plain english

-----Original Message--------------------------------------------------------------
From: Chris B.
Sent: Monday, July 9
I have been doing well with preffereds for about a year and was looking for a good source of information/guidance and really find your book/website/service to be just what I needed.

-----Original Message--------------------------------------------------------------
From: Robert V.
Sent: Wednesday, July 4
I have been using the service for about 4 years and have never gone wrong.

-----Original Message--------------------------------------------------------------
From: Michael L.
Sent: Monday, July 2
Timely information and profitable trades. Your service saves me a lot of time by providing information on preferred stocks, which to buy and which to stay away from. Very satisfied with your service and product

-----Original Message--------------------------------------------------------------
From: Mike R.
Sent: Monday, July 2
It works! I have made a steady income, reinvested, and have avoided most of the volitility. Also know patterns and what to expect thereby greatly reducing my anxiety. I have found the information accurate and beneficial.

-----Original Message--------------------------------------------------------------
From: Gayle S.
Sent: Wednesday, June 27
We have successfully funded our retirement on our own with CDX3...we will be forever grateful...I cannot live without it!

-----Original Message--------------------------------------------------------------
From: Franco C.
Sent: Sunday, June 24
I will definitely tell all of my friends and family about the 'World Class' book and Notification Service . Thank you so much for your insight. It exceeded my expectations by far. I now understand how the markets work much better and am in a position to make my first purchase. I read your 'CDx3 Income Engine' book several times and thought it was superb.

-----Original Message--------------------------------------------------------------
From: Richard B.
Sent: Friday, June 22
Good system to choose and follow pf stock. Improves comfort level of relatively less known investment.

-----Original Message--------------------------------------------------------------
From: Jim S.
Sent: Friday, June 15
I am benefiting greatly from the information provided by the Service.

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Wednesday, June 13
The system works. I have seen nothing else of any use regarding preferred stock investing.

-----Original Message--------------------------------------------------------------
From: Jim M.
Sent: Wednesday, June 13
The system works and it keeps us informed and away from the costly wall street boys. The best money we have ever spent for investment information

-----Original Message--------------------------------------------------------------
From: Bob A.
Sent: Monday, June 11
Just a quick note to say THANK YOU for your wonderful service and information. Your site has been by far the most valuable of all the sites I have reviewed.

-----Original Message--------------------------------------------------------------
From: Laurence W.
Sent: Thursday, June 6
You answered all my question about Preferred Stock Investing. A most valuable service.

-----Original Message--------------------------------------------------------------
From: Frank F.
Sent: Sunday, June 3
Voluminous information, good links, used-friendly database. ): I own and track many preferred stocks and debt instruments. The CDx3 service makes it easy to track the important calendar events and news. Put simply, the CDx3 service saves me a lot of time.

-----Original Message--------------------------------------------------------------
From: James B.
Sent: Sunday, June 3
I want a "safe and reasonable" return on my investments. This is the best method I have found.

-----Original Message--------------------------------------------------------------
From: Virginia W.
Sent: Wednesday, May 30
Before finding out about CDx3 I was using [another service] - CDx3 is so much more comprehensive. I like the ease of gathering information and that the quotes are real time.

-----Original Message--------------------------------------------------------------
From: Don L.
Sent: Saturday, May 26
I am very pleased I read Doug's book and signed up for the service in 2009. The information that I learned helped me obtain excellent returns considering the low risk level of these investments. I think this site offers a lot of information at your fingertips. I enjoy the ability to get so much detailed data.

-----Original Message--------------------------------------------------------------
From: Bernadette O.
Sent: Monday, May 21
I like the discussion board. Good and helpful tips. The ease of sorting the preferreds and ETD's and access to the other blogs as well.

-----Original Message--------------------------------------------------------------
From: Jeff M.
Sent: Thursday, May 17
I subscribe to a number of services to assist me across various asset classes. CDX3 is the best. So easy to use. You are good at what you do so I just hope you are having fun and keep it up.

-----Original Message--------------------------------------------------------------
From: Domenic V.
Sent: Tuesday, May 15
Profitable Investing..very happy with the results!

-----Original Message--------------------------------------------------------------
From: Peter G.
Sent: Monday, May 14
Preferred stock investing can be daunting to the uninitiated. Doug's book and his service will give an investor the confidence to make sound PS investments.

-----Original Message--------------------------------------------------------------
From: John F.
Sent: Tuesday, May 8
Best source for preferred info. CDx3 qualified stocks are winners.

-----Original Message--------------------------------------------------------------
From: Caroline K.
Sent: Sunday, May 6
Doug's service is invaluable in alerting subscribers to new preferred stock offerings that meet his strict investing criteria! It would take countless hours to do this kind of research on my own! Best way I've found to find new preferred stock offerings and also get alerted to issues that are going to be called.

-----Original Message--------------------------------------------------------------
From: Jeff M.
Sent: Thursday, May 3
I believe the [CDx3 approach] is a safe way to get higher returns. It has been very successful for me.

-----Original Message--------------------------------------------------------------
From: John H.
Sent: Wednesday, May 2
Very knowledgeable comments on what is new. I like the articles on new issues, etc. and especially the Discussion Group. This is by far the best service for investment grade preferreds.

-----Original Message--------------------------------------------------------------
From: Miguel D.
Sent: Sunday, April 29
The service has helped me make good choices...its cost is easily recovered with the first insight it provides, either selecting or avoiding a preferred.

-----Original Message--------------------------------------------------------------
From: Randy H.
Sent: Saturday, April 21
I have been successful in utilizing Preferred Stocks / CDx3 Stocks as a way to generate a cash flow and have capital gains. The website has great tools and I'm able to make a fair return. I've tried other newsletters and you are one of only 2 I have kept purchasing.

-----Original Message--------------------------------------------------------------
From: Mel S.
Sent: Thursday, April 19
The total package: Understandable explanations, monthly Research Notes, Discussion Group, book, etc., but, most of all, the apparent presence of a live, responsive human who wants to help us learn...I'd just say: keep up the good work by staying on this track of continual improvements and helpful Discussion Group responses. It will have more than paid for itself in my return on cash that would have been otherwise earning nearly nothing...You reveal a niche where an individual investor can compete.
It is definitely worth it.

-----Original Message--------------------------------------------------------------
From: Michael B.
Sent: Tuesday, April 17
I like the way the book was written and I like the CDx3 website. Very Helpful. I think it is very informative and the price is right. Doug and group - keep up the good work.

-----Original Message--------------------------------------------------------------
From: Dom B.
Sent: Thursday, April 12
Its the best that I know of covering preferred stocks.

-----Original Message--------------------------------------------------------------
From: Christine S.
Sent: Wednesday, April 11
The information is set up in such a way that it is very easy to navigate. The discussion forum is also very helpful as I am a new investor in preferreds and am very interested in learning new ideas to make me a better investor...I am very happy with this and it is very, very informative and saves me a lot of time in research.

-----Original Message--------------------------------------------------------------
From: John K.
Sent: Monday, April 9
The content is spot on and the picks are safe...Nice job!

-----Original Message--------------------------------------------------------------
From: John K.
Sent: Wednesday, April 4
I DO WANT TO THANK YOU for YOUR great work in identifying new Preferreds AND the Exchange Traded Debt Securities.

-----Original Message--------------------------------------------------------------
From: Mario G.
Sent: Monday, April 2
It is a great instrument for learning about Preferreds

-----Original Message--------------------------------------------------------------
From: Jim T.
Sent: Friday, March 30
Its worked well for me over a period of years before, during, and after the great recession.

-----Original Message--------------------------------------------------------------
From: Michael E.
Sent: Thursday, March 22
I have received significant value from the book, website and discussion groups on a consistent basis. Great Job Doug! keep it up!

-----Original Message--------------------------------------------------------------
From: Carlton C.
Sent: Thursday, March 15
Very thorough research and excellent coverage of preferred stocks.

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Thursday, March 15
Very informative book. I did not know very much about pref stocks but your book taught me alot. The best info for pref stocks is you....you are on top of the market and very informative about pref stocks.

-----Original Message--------------------------------------------------------------
From: Rania C.
Sent: Tuesday, March 13
It's the only serious service that's specifically involved in preferreds in a conservative way.

-----Original Message--------------------------------------------------------------
From: Bob C.
Sent: March 8
The system works!!! I'm making money using the system!! I really like what Doug is doing to make it easy and profitable with preferred stocks. Keep it up!!

-----Original Message--------------------------------------------------------------
From: Joe M.
Sent: Tuesday, March 6
The information provided in the book has given me confidence to participate in preferred stocks. CDx3 has done the homework to help pick the best candidates!

-----Original Message--------------------------------------------------------------
From: Jon S.
Sent: Sunday, March 4
You provide hard-to-find info on income stocks. Thanks for your efforts!

-----Original Message--------------------------------------------------------------
From: Jeff I.
Sent: Saturday, March 3
Nothing else comes close.

-----Original Message--------------------------------------------------------------
From: Joseph M.
Sent: Friday, March 2
For me, it works just fine. Straight forward, timely, and easy to work with. Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Norm L.
Sent: Tuesday, February 28
I have subscribed to your service and have read your book. I think that you have done an outstanding job with both your methodology and your database driven website. You are presenting a fairly complex investment area in an imminently understandable format. This is one of the most usable web sites that I have seen. Also, aesthetically, the website is well done, which relates to usability.

-----Original Message--------------------------------------------------------------
From: John M.
Sent: Thursday, February 23
I joined CDx3 investor a couple of months ago and have thoroughly enjoyed it.

-----Original Message--------------------------------------------------------------
From: Daniel B.
Sent: Thursday, February 23
Stock screening, dividend dates, call dates...I consider the information on the web site of high value to me for investing in preferred shares.

-----Original Message--------------------------------------------------------------
From: James C.
Sent: Thursday, February 23
Great primer on preferred stock...Newletter, discussion group, screens of quality Preferred stock, notification service, great ideas like upgrading.

-----Original Message--------------------------------------------------------------
From: Bill L.
Sent: Wednesday, February 22
Thank you. I think your 'customer service' and response time is outstanding!

-----Original Message--------------------------------------------------------------
From: Steven B.
Sent: Wednesday, February 15
The information provides value to my business.

-----Original Message--------------------------------------------------------------
From: Chet C.
Sent: Tuesday, February 14
Easy to understand --- the criteria for selecting CDx3 Preferreds is brilliant and easy to follow.

-----Original Message--------------------------------------------------------------
From: Ed F.
Sent: Sunday, January 29
Good service, good format, good reporting. I can see how you service would be invaluable,yes, invaluable. Thanks for the information, the education and your excellent service.

-----Original Message--------------------------------------------------------------
From: Richard J.
Sent: Thursday, January 19
Just so you know, my wife and I took a big hit in the 2008-2009 fiasco. But, I read your book and signed up for the CDx3 service, and essentially moved out of common stocks and into preferreds. That was the best investment decision I think I ever made, because we are now much better off financially than before the hit, and our portfolio is regularly producing solid dividends. We've been fortunate enough to be able to help our kids by putting funds for them in preferreds also, so they are also showing solid growth.

-----Original Message--------------------------------------------------------------
From: Michael R.
Sent: Monday, January 16
I am very happy with my results. Finally someone is looking out for the investor rather then themselves.

-----Original Message--------------------------------------------------------------
From: John K.
Sent: Tuesday, January 10
I am very happy to have found your book and now your CDxNotification service and glad that I read your book.

-----Original Message--------------------------------------------------------------
From: Sam D.
Sent: Wednesday, January 4
I have witnessed diligence and integrity in the few months I have followed cdx3. It is a valuable service at a fair price.
-----Original Message--------------------------------------------------------------
From: Robert V.
Sent: Wednesday, January 4
I've been a member since 2008 and done very well during a bad economic climate. Several of my friends have subscibed per my recomendation. ): I am retired and 81 and can't afford any financial mistakes. You have helped me do this while maintaining a safe, steady income stream. You are always 2 steps ahead of me. Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Jim F.
Sent: Wednesday, December 28
The usefulness of the investment information far outweighs the annual fee, especially when compared to fees charged by other investment services. I can't think of any practical or legal way the service can improve.

-----Original Message--------------------------------------------------------------
From: John V.
Sent: Sunday, December 18
Its well worth the price-helping me make money with lower risk than owning common stocks.

-----Original Message--------------------------------------------------------------
From: Jim M.
Sent: Tuesday, December 13
The service saved us lots of finanical fees why giving us the freedom and understanding of an excellent way to retire...It is the best investment vehicle on the market.

-----Original Message--------------------------------------------------------------
From: George W.
Sent: Monday, December 12
Great info for new preferred investors. Helps keep you on the straight and narrow.

-----Original Message--------------------------------------------------------------
From: Roger H.
Sent: Sunday, December 11
I feel that the information I am provided as a subscriber has been very valuable. I keep hearing people say they can't get more than 1% interest on their savings and I just smile and think, 'I am getting about 7% on average'.

-----Original Message--------------------------------------------------------------
From: Bob A.
Sent: Tuesday, December 6
I have probably read sixty books on investing...Your book is by far the best book I have read since I started "educating" myself. I can not find any flaws in your process and am a BIG believer.

-----Original Message--------------------------------------------------------------
From: Alvaro P.
Sent: Tuesday, December 6
Site is very comprehensive [and] helps me on my decisions about preferred stock investing.

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Friday, December 2
The book has everything you need to know about preferred stocks. I am glad I subscribed to your service as it is really informative and I will be able to make some money with little risk.

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Friday, December 2
I am glad I subscribed to your service as it is really informative and I will be able to make some money with little risk.

-----Original Message--------------------------------------------------------------
From: John C.
Sent: Monday, November 14
I recently renewed. Excellent value for the money!

-----Original Message--------------------------------------------------------------
From: Ken F.
Sent: Monday, November 14
I have found the service easy to use and that it provides a valuable source of information on investing in preferred stocks. Doug's occasional comments on the pros and cons of individual issues are well worth reading.

-----Original Message--------------------------------------------------------------
From: Jeff W.
Sent: Tuesday, November 01
This is a great newsletter and service. Thanks for all you do Doug.

-----Original Message--------------------------------------------------------------
From: Jeff I.
Sent: Saturday, October 20
The CDx3 system is so superior to anything I've found in 30+ years of investing that I'm it's biggest fan.

-----Original Message--------------------------------------------------------------
From: Michael B.
Sent: Wednesday, October 17
The service is simple to understand and the resources are easy to use. I really like the Preferred Stock List and the Discussion Group. I like the service. Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Leonard W.
Sent: Tuesday, October 16
Your service is one of a kind. It specializes in quality preferred stocks. Thank you Doug.

-----Original Message--------------------------------------------------------------
From: Arthur D.
Sent: Tuesday, October 4
Good info at a reasonable price...I bought 3 books for my kids!

-----Original Message--------------------------------------------------------------
From: Bob M.
Sent: Tuesday, October 4
Lots of good info, discussion group, identification of preferreds...and a simple value proposition - I make more money from the service than I pay.

-----Original Message--------------------------------------------------------------
From: Dennis M.
Sent: Saturday, September 24
The CDX3 method of screening, buying and selling preferred stocks has been a winner since I started following Doug's book in 2007.

-----Original Message--------------------------------------------------------------
From: Lyle C.
Sent: Thursday, September 22
Clear, concise information in useable format. It's making profits for me.

-----Original Message--------------------------------------------------------------
From: Michael E.
Sent: Monday, September 19
The filtering process and the characteristics of the companies on the list give me a lot to choose from and take some of the research out of the selection process. Doug, Thanks for doing such a great job.

-----Original Message--------------------------------------------------------------
From: Rania C.
Sent: Tuesday, September 13
I consider this site the best.

-----Original Message--------------------------------------------------------------
From: Terry K.
Sent: Monday, September 12
It's been a good investment. The most improtant service you perform is keeping us up to date on what is going on in the market place with preferred stocks and making us aware of investment opportunities.

-----Original Message--------------------------------------------------------------
From: Lew R.
Sent: Friday, September 9
[The service is] simple and straight foward, with a very good track record.

-----Original Message--------------------------------------------------------------
From: Bob C.
Sent: Thursday, September 8
Because of the success I've had using Doug's screening of preferred stocks [the subscription] has paid for itself many times over.

-----Original Message--------------------------------------------------------------
From: Joe T.
Sent: Tuesday, September 6
CDx3 has been completely reliable. Doug's service enabled me to make a substantial profit during the 'great recession'.

-----Original Message--------------------------------------------------------------
From: Joe P.
Sent: Tuesday, August 30 6:37 AM
I live off of the preferred stock income and I feel extremely comfortable with the CDx3 preferreds because of the 10 points they must meet.

-----Original Message--------------------------------------------------------------
From: Gary B.
Sent: Tuesday, August 30 5:09 AM
CDx3 book and website is the only good source of information for preferred stocks. The rest of information anywhere is just too general.

-----Original Message--------------------------------------------------------------
From: Don M.
Sent: Saturday, August 20 5:58 AM
The service shows the way with complete information how to sucessfully invest in pfds. It has a proven track record. The info provided is invaluable.

-----Original Message--------------------------------------------------------------
From: Gayle S.
Sent: Wednesday, August 10 6:49 PM
Thank you so much for the service you provide. We have been living a great retirement since finding CDX3.

-----Original Message--------------------------------------------------------------
From: Eric O.
Sent: Tuesday, August 09 8:21 AM
Great learning tool as well as a method to make money for a conservative portfolio.

-----Original Message--------------------------------------------------------------
From: Terry H.
Sent: Monday, August 08 1:42 PM
Research is exhaustive and very clearly presented.

-----Original Message--------------------------------------------------------------
From: Phil F.
Sent: Saturday, August 06 7:07 AM
I have had good results, but almost as important, is the fact that I feel that I understand what my investment process is all about.

-----Original Message--------------------------------------------------------------
From: Jon S.
Sent: Sunday, July 31 5:06 PM
Any investment service that showed gains thru the fiscal crisis rather than losses of 25%+ is a winner in anyone's investing program.

-----Original Message--------------------------------------------------------------
From: Ken B.
Sent: Sunday, July 17 8:28 AM
This is where all investors should start. A place where they can get a consistent avg 7% yearly return with very little maintenance,and risk. Keep up the great work! When I first started researching preferreds, there was almost nothing available. What I found was either incomplete or way too expensive. Your reseach is by far and away the best.

-----Original Message--------------------------------------------------------------
From: Donald L.
Sent: Sunday, July 10 3:32 PM
By the way, I've really enjoyed your service since I became a subscriber. I have learned a lot, made more money that I thought I could with safe investments.

-----Original Message--------------------------------------------------------------
From: Bob V.
Sent: Monday, July 04 6:03 AM
The system makes sense to me as a retiree and has allowed us to maintain our standard of living since interest rates have collapsed...Thanks for all you've done for retirees.

-----Original Message--------------------------------------------------------------
From: Eddy L.
Sent: Tuesday, June 28 7:28 AM
The coverage of topics is very deep and complete. The service gives advice and balanced opinions on markets and trends.

-----Original Message--------------------------------------------------------------
From: Bill H.
Sent: Wednesday, June 22 1:39 PM
All of the purchases I've made since reading the book and paying attention to email have done great. Adding preferred stocks to my portfolio has been profitaable, easy to do, and your information has made that possible. I do feel that I know what I am doing at less risk than much of my investing.

-----Original Message--------------------------------------------------------------
From: Martin H.
Sent: Sunday, June 19 11:22 AM
It was truly fortuatious that I started using your service when I did. I caught the recent rise in the value of the preferreds at its most dramatic.

-----Original Message--------------------------------------------------------------
From: Jim M.
Sent: Monday, June 13 11:29 AM
Doug,Thanks for our 3 week trip to Europe, Italy, Greece and Turkey...without CDx3 and you we would not enjoy the income and be able to afford a trip like we had.

-----Original Message--------------------------------------------------------------
From: Alvero P.
Sent: Wednesday, June 01 12:05 PM
[Preferred Stock Investing is] very easy and understandble reading and the CDx3 Notification Service helps a lot with my preferred stocks investing.

-----Original Message--------------------------------------------------------------
From: Steve M.
Sent: Tuesday, May 31 11:54 AM
If I had not read your book and followed it and eventually subscribed to the notification service, my financial situation would not be as robust as it is today.

-----Original Message--------------------------------------------------------------
From: Chuck H.
Sent: Wednesday, May 25 9:04 PM
Doug knows more about preferred stocks than anyone that i know...I appreciate his responsiveness, his deep knowledge of preferreds, and the reassurance that no dividend has ever been missed from his list.

-----Original Message--------------------------------------------------------------
From: Don L.
Sent: Friday, May 20 8:45 PM
Lots of information is available at one place and I feel Doug provides valuable information on the site and in the monthly notes...): Good information available. Saves me time because lots of information is available at one place. Enjoy articles and email alerts when new PS are coming out.

-----Original Message--------------------------------------------------------------
From: Warren L.
Sent: Wednesday, May 18 11:19 AM
I have been happy so far with my results in this low yield environment.

-----Original Message--------------------------------------------------------------
From: Jeffery M.
Sent: Tuesday, May 03 2:55 AM
My portfolio during 2010 was about 55% individual preferred shares. My portfolio performance was 17% in 2010. Preferreds were a big part.

-----Original Message--------------------------------------------------------------
From: Charles B.
Sent: Monday, April 25 8:19 AM
The system is easy to understand without being too technical. It is the best newsletter i am aware of.

-----Original Message--------------------------------------------------------------
From: William W.
Sent: Sunday, April 17 11:29 AM
It is the best tool I use for preferred stock purchases even when the stocks are outside the CDx3 criteria.

-----Original Message--------------------------------------------------------------
From: Carl J.
Sent: Friday, April 08 11:16 AM
The CDx3 engine has worked for me. It's the only mkt. related subscription I have ever subscribed to that has paid for itself.

-----Original Message--------------------------------------------------------------
From: Dennis M.
Sent: Tuesday, April 05 3:35 PM
Excellent information, advice and analysis for the past 4 years! Thank you. We've setup our regular IRA and 2 Roth IRA's to be CDx3 income engines. The timely information keep us informed and provides up to date investing data. We love the new preferred stock screening tool.

-----Original Message--------------------------------------------------------------
From: Gary H.
Sent: Monday, March 21 8:21 AM
Good information from your service. I don't have to try to do the research myself. I'm earning money on my investments from your information.

-----Original Message--------------------------------------------------------------
From: Thomas C.
Sent: Saturday, March 19 5:01 PM
So far, the CDx3's I have purchased are doing well and paying on time...I am satisfied with the results so far.

-----Original Message--------------------------------------------------------------
From: Robert C.
Sent: Tuesday, March 08 11:39 AM
I am making far more money with preferred stocks using the service than it costs me!

-----Original Message--------------------------------------------------------------
From: James T.
Sent: Friday, March 04 5:03 AM
The system is simple enough for me to understand it and has worked for me before, during, and after the great recession...A great service that has made me a ton of money. Keep up the good work.

-----Original Message--------------------------------------------------------------
From: Ray C.
Sent: Thursday, March 03 4:09 PM
Very knowledgeable and current information. Gives me the information I need to help make choices among preffereds.

-----Original Message--------------------------------------------------------------
From: Jerry I.
Sent: Thursday, March 03 10:33 AM
It is a straightforward, sound, no nonsense service.

-----Original Message--------------------------------------------------------------
From: Phil F.
Sent: Sunday, February 06 8:23 AM
I have had excellent results using the CDx3 plan.

-----Original Message--------------------------------------------------------------
From: James H.
Sent: Tuesday, January 18 7:44 AM
Great value for preferred stock niche. I like the actionable information.

-----Original Message--------------------------------------------------------------
From: Jim S.
Sent: Sunday, January 16 6:01 AM
The service is informative,timely and well researched....a wonderful investment tool. I am a conservative investor seeking minimal risk. Thanks to you, I sleep well at night. I wish I had been aware of your service and preferred stocks years ago.

-----Original Message--------------------------------------------------------------
From: Mark F.
Sent: Thursday, January 13 8:54 AM
The site is easy to navigate and understand and the information is timely and relevant.

-----Original Message--------------------------------------------------------------
From: Charles D.
Sent: Tuesday, January 04 11:35 AM
Best, by far, explanation of the lesser-know world of preferreds (I ordered the few on the topic in Amazon). Also, can depend on current information on preferreds...Best service available. now that I know it exists, I would not invest in preferreds without having the CDx3 service.

-----Original Message--------------------------------------------------------------
From: Michael L.
Sent: Tuesday, January 04 11:10 AM
Excellent information and well worth the subscription price...I thoroughly enjoy your notes and newsletter and have recovered financially and made money with your information.

-----Original Message--------------------------------------------------------------
From: Bob V.
Sent: Tuesday, January 04 8:54 AM
For the past 3 + years I have recieved a steady, safe income stream...Finding your service was stroke of good fortune; keep up the good work!

-----Original Message--------------------------------------------------------------
From: John C.
Sent: Friday, December 31 10:16 AM
Thanks for making this so easy!

-----Original Message--------------------------------------------------------------
From: Marvin W.
Sent: Monday, December 13 5:01 PM
We have purchase most of your stock picks since joining and they are all profitable. Good Job!

-----Original Message--------------------------------------------------------------
From: Lanny Y.
Sent: Sunday, December 05 8:06 PM
There is great information from the CDX3 service. The site is easy to use and navigate through the important stuff. Through the last four years of my particpation I have used the info to my gain.

-----Original Message--------------------------------------------------------------
From: Vince C.
Sent: Tuesday, November 30 2:02 PM
You do a great job and have developed a system that works.

-----Original Message--------------------------------------------------------------
From: Charles H.
Sent: Tuesday, November 23 4:49 PM
CDx3 has the most expertise in Prefferred Stocks.

-----Original Message--------------------------------------------------------------
From: Frank S.
Sent: Saturday, November 13 9:12 AM
Great system---I have given away 4 books to friends and family...The return versus the risk has been great.

-----Original Message--------------------------------------------------------------
From: Mark A.
Sent: Thursday, November 11 6:38 AM
It makes sense to me and I have make money following your system. It is less risky than other methods and has returned a good percentage on my investment...plus I enjoy reading your insight into the economy and the market.

-----Original Message--------------------------------------------------------------
From: Al W.
Sent: Wednesday, November 10 11:43 AM
I have a very high comfort level with your service and have relied on it to help me make multiple preferred stock decisions.

-----Original Message--------------------------------------------------------------
From: Randy H.
Sent: Friday, November 05 7:09 PM
The Preferred Stocks I pick, based on the CDx3 service newsletter, have enabled me to recover from major losses...I will continue to use this CDx3 stock investing strategy.

-----Original Message--------------------------------------------------------------
From: John H.
Sent: Tuesday, November 02 7:48 AM
The subscription pays for itself in information readily and concisely available nowhere else.

-----Original Message--------------------------------------------------------------
From: Goodloe
Sent: Sunday, October 24 9:57 AM
It is hands down the most valuable resource for preferred stock investors.

-----Original Message--------------------------------------------------------------
From: Bill C.
Sent: Monday, October 11 9:55 AM
The book provides good background material. The subscription provides the monthly newsletter and additional emails to to enable informed, timely decisions on PS investments to be made. Thanks to your service I made 10-12% capital gain over two months on five TRUPs. If I'd bought a month earlier, I'd made 20%!!

-----Original Message--------------------------------------------------------------
From: Richard J.
Sent: Tuesday, October 05 1:26 PM
Great service, Doug. Following the system has created outstanding returns. Strong educational component; proactive advice; access to necessary information for investing; comprehensive knowledge.

-----Original Message--------------------------------------------------------------
From: Anand S.
Sent: Tuesday, October 05 10:15 AM
Thank you for the guidance Doug. As always, I remain a big fan of you and have recommended my friends to your service.

-----Original Message--------------------------------------------------------------
From: Richard J.
Sent: Tuesday, October 5 1:27 PM
Strong educational component; access to necessary information for investing; comprehensive knowledge...Great service, Doug. Following the system has created outstanding returns.

-----Original Message--------------------------------------------------------------
From: Anand S.
Sent: Tuesday, October 5 10:15 AM
Doug- I remain a big fan of you and have recommended [the service to] my friends.

-----Original Message--------------------------------------------------------------
From: Chet C.
Sent: Tuesday, September 28 3:58 PM
Pls tell Doug that his newsletter is 'all aces.'

-----Original Message--------------------------------------------------------------
From: George R.
Sent: Thursday, September 23 7:28 AM
The best source of information in a little known investment area...The service is excellent.

-----Original Message--------------------------------------------------------------
From: Thomas C.
Sent: Monday, September 20 4:42 PM
I like the idea that you are doing the research, which saves the investor alot of time. Also, knowing that they all meet the 10 point criteria allows me to sleep at night.

-----Original Message--------------------------------------------------------------
From: Ken B.
Sent: Thursday, September 09 6:00 AM
It's one of the only sites available that focuses on preferred stocks. The info and research is top notch, and it keeps the investment focus on only high quality issues.

-----Original Message--------------------------------------------------------------
From: Sheila A.
Sent: Wednesday, August 18 9:17 AM
Thanks for a very fine publication (and customer service -- very much appreciated). Saves me a lot of time sifting the wheat from the chaff, so to say. I have been a subscriber for a year now. Not only have I made money using your publication, you never rest with the improvements.

-----Original Message--------------------------------------------------------------
From: Booker
Sent: Tuesday, August 17 10:01 AM
Thanks for your support, I am absolutely thrilled by your book on preferred Investing.

-----Original Message--------------------------------------------------------------
From: Bob C.
Sent: Thursday, August 05 11:03 AM
I want to tell you how much I enjoy the CDx3 service. I am doing very well with preferred stocks and thanks to your service I've never lost!!

-----Original Message--------------------------------------------------------------
From: Ron H.
Sent: Monday, July 26 8:05 PM
We're doing great. My preferred stocks have been phenomenal. I put about 65% of my portfolio into them and are wishing it had been 100%.

-----Original Message--------------------------------------------------------------
From: Joseph N.
Sent: Wednesday, June 30 2:50 PM
New subscriber and reader/owner of your book. You do a wonderful job in an area that I believe gets overlooked a lot in my industry. I love the preferred market...

-----Original Message--------------------------------------------------------------
From: Bill C.
Sent: Sunday, June 27 5:48 AM
I'm a new subscriber and have a question for you. First, let me say how happy I was to find your book, your newsletters, your website, and your system for trading preferred stocks. I'm recently retired and am looking for a low-risk approach to generate income and some capital gain, and your system using preferred stocks appears to provide the best risk-reward approach that I've seen. Iíve gone through your book and past issues of the newsletters to give me a jump-start and am ready to start investing.

-----Original Message--------------------------------------------------------------
From: Joe C.
Sent: Friday, June 04 6:17 AM
This is great information. I am learning more about this everyday. Have been a professional futures trader for forty years and this is my first real exposure to preferred stocks and I feel really blessed to have stumbled upon your website, book, etc.

-----Original Message--------------------------------------------------------------
From: Bryan R.
Sent: Thursday, June 03 3:16 PM
I am a conservative, dividend oriented investor, and this is the best vehicle I have found.

-----Original Message--------------------------------------------------------------
From: Bryan M.
Sent: Thursday, June 03 11:14 AM
Your service has added value to my practice; serving the best interests of my clients at a very reasonable cost. Having access to your insights is extremely valuable to me.

-----Original Message--------------------------------------------------------------
From: Sheila A
Sent: Tuesday, May 25 8:20 PM
I have not needed any customer service support for almost a year, and have really enjoyed my subscription. Have learned a lot, and most importantly, made some money in the preferred stocks purchased from the monthly bargain list. Thanks for a very well conceived and well received product. It is very comprehensive.

-----Original Message--------------------------------------------------------------
From: Bob V.
Sent: Sunday, April 25 3:27 PM
You never cease to amaze me. I now have about 22% of my investments in the CDx3 investor program. My older brother and one of my golfing partners have recently joined the service; we are all over 80 and greatly appreciate every aspect it.

-----Original Message--------------------------------------------------------------
From: Domingo
Sent: Thursday, April 22 3:42 PM
You service is the BEST!

-----Original Message--------------------------------------------------------------
From: Jeff M.
Sent: Friday, April 16 12:18 PM
I want to post this comment for your other readers. I am a Series 7 registered representative and been in business since 1988. This CDx3 service is the best money I have ever spent. Doug's expertise in the Preferred Market is beyond anything I have ever encountered and I worked at a Major Wall Street firm for 15 years. Doug's research and materials are beyond anything I have ever encountered by a factor of 10, at least. This site and his material is worth 10 times what he charges for it. ( please don't raise your rates - but you should ). Thank you so much, your passion for the topic explodes off of every page, WOW!

-----Original Message--------------------------------------------------------------
From: Victor T.
Sent: Wednesday, April 14 3:53 PM
I can't tell you how much I appreciate what your service has done for me over the life of my membership.

-----Original Message--------------------------------------------------------------
From: Roy M.
Sent: Wednesday, April 14 10:25 AM
So just to say thanks. I keep plugging away at this when I have time, following your newsletters. What I invested in during 2008 has of course done extremely well, but I'm in this for the long run and want to get very proficient at the process year in and year out.

-----Original Message--------------------------------------------------------------
From: Dennis M.
Sent: Tuesday, April 13 4:48 PM
Every opportunity that I have, I tell people about the CDx3 concept and your fine subscription services. Since we started using your program in 2007, I believe we've been more successful following CDx3 program compared to any other investment strategy.

-----Original Message--------------------------------------------------------------
From: Jeffrey M.
Sent: Tuesday, March 23 10:58 AM
I LOVE YOUR COMPANY AND SERVICE! On a Scale of 1 to 10 your company is a 10!!!

-----Original Message--------------------------------------------------------------
From: Martin H.
Sent: Saturday, March 20 8:02 AM
I am very happy to say that this asset class has proven to be the most successful aspect of my total asset allocation plan resulting in a total to-date profit from capital gain and earned dividends of 35.05%. As you can imagine I am a big booster of your service.

-----Original Message--------------------------------------------------------------
From: Vince C.
Sent: Friday, March 05 7:49 PM
Thanks for the quick response. Your spreadsheet is perfect for updating the Effective Annual return for the current stock price. Thanks. I enjoyed your book and am in awe of the system you have developed.

-----Original Message--------------------------------------------------------------
From: Robert V.
Sent: Saturday, February 27 7:34 AM
Thanks for responding to my question. I now have 17 CDx3 preferreds. I enjoy the revenue stream and have fun managing them (very little of that). Also your various communications are great and easy to understand even for me.

-----Original Message--------------------------------------------------------------
From: Jack C.
Sent: Wednesday, February 24 6:24 PM
Your team is a pleasure to deal with.

-----Original Message--------------------------------------------------------------
From: Steve B.
Sent: Wednesday, February 24 10:39 AM
In November you predicted that CDx3 Preferred Stock with a coupon above 8% would either go above par or be bought back. So during the first two weeks of November I sold [my] Preferred's with coupons below 8% and purchased preferred's with higher coupons. Those assets are now worth +42% more!

-----Original Message--------------------------------------------------------------
From: W. G.
Sent: Sunday, February 21 3:15 PM
I value highly all of the information received from CDx3, and am a strong supporter of your product. The information received has given me excellent returns! Thank you!

-----Original Message--------------------------------------------------------------
From: John S.
Sent: Friday, February 12 6:42 PM
Bought and read your informative book and am now very interested in preferred stocks. I am 65 years old, retired and plan to invest in more preferreds in my IRA account. Thanks for your time and enjoyed reading book 2x and recommend it to others every chance I get.

-----Original Message--------------------------------------------------------------
From: Glenn B.
Sent: Saturday, February 06 10:51 AM
I have just finished reading Preferred Stock Investing, third edition. As a third-year investor in preferred stocks I have learned a great deal and subscribed to your CDx3 Research Notes that I find very useful.

-----Original Message--------------------------------------------------------------
From: Bob C.
Sent: Wednesday, January 06 4:25 PM
I really like your service. So far I am doing very well with preferred stocks.

-----Original Message--------------------------------------------------------------
From: Don L.
Sent: Sunday, December 20 6:05 PM
Just wanted to let you know that I just took a quick look at the new web site and I really like it. It is full of information in one location and I feel it is organized very well. Great job on the improvements.

-----Original Message--------------------------------------------------------------
From: Martin H.
Sent: Sunday, December 20 3:37 PM
I must tell you I already [many CDx3 Preferred Stocks] since I started subscribing to your excellent service. I am a true believer.

-----Original Message--------------------------------------------------------------
From: Ralph B
Sent: Tuesday, December 15 4:39 AM
I have recommended the book to four of my friends as I have found it very useful and an excellent complement to my portfolio.

-----Original Message--------------------------------------------------------------
From: Mike T
Sent: Thursday, December 10 3:11 PM
Incidentially, I have accumulated 18,000 shares of 9 different CDx3 preferreds and they are all doing very well. For me, I'll be investing like this and will be your customer for a long, long time.

-----Original Message--------------------------------------------------------------
From: Bryan R
Sent: Monday, December 07 7:34 AM
I am quite pleased with the performance of my CDX3 stocks to date, and certainly plan to keep this as a centerpoint of my investment strategy going forward.

-----Original Message--------------------------------------------------------------
From: Don M.
Sent: Tuesday, November 10 8:00 AM
Good morning...Your service has been invaluable and the cost for same is a tremendous bargain.

-----Original Message--------------------------------------------------------------
From: Bob P
Sent: Wednesday, November 04 3:09 PM
Thanks so much for the prompt reply. Your reply gave me a better understanding of the situation and as a result I will continue to expand my preferred holdings. A well thought out and professionally presented strategy and outstanding customer support...what a winning combination. Well done. Thanks .

-----Original Message--------------------------------------------------------------
From: Charles H
Sent: Thursday, October 29 10:03 AM
I want to thank you for the overall excellent job you and your people do at CDx3; I am a newer subscriber and have really benefitted from following your advice. You can count on me being a long term subscriber because you cover this part of the market better than anyone else. I am particularly impressed with your subscriber updates. Thanks again for doing a terrific job. Chuck H

-----Original Message--------------------------------------------------------------
From: Don
Sent: Thursday, October 29 8:12 AM
Doug .Thanks so much.Your service is definitely underpriced.

-----Original Message--------------------------------------------------------------
From: John M
Sent: Tuesday, October 20 9:44 PM
I have been with the service for over 2 1/2 years now and...your trusted words saved me from unloading at the wrong time.

-----Original Message--------------------------------------------------------------
From: RICHARD M
Sent: Tuesday, October 06 6:16 AM
I feel very lucky to have learned about CDX3 and I respect all you are doing. All financial advisors should learn something from you when it comes to preferred stock investing. I've made some money with your advice. Many Thanks

-----Original Message--------------------------------------------------------------
From: Jim S
Sent: Thursday, October 01 11:44 AM
I really enjoyed Preferred Stock Investing......well written and informative.

-----Original Message--------------------------------------------------------------
From: Bob V.
Sent: Wednesday, September 30 8:16 AM
I want you to know how pleased I continue to be with CDx3 Notification Service --- how comforting it is to be part of it during these trying times. A few months ago I told my brother about it, and he signed on and shares my feelings.

-----Original Message--------------------------------------------------------------
From: Dennis M.
Sent: Friday, September 25 3:47 PM
I enjoy your excellent work and diligent efforts to educate the CDx3 investors. Thank you for your insights.

-----Original Message--------------------------------------------------------------
From: Joel N
Sent: Sunday, September 13 5:56 PM
I have just read your book for the second time and now admire the thoroughness of your system even more. I still am a bit incredulous that after investing in stocks for almost twenty years and having read dozens of investment books, I never became interested in preferreds before seeing your book and web site. I must say that the little "skeptical guy" on my shoulder is still whispering "If it seems too good to be true, it probably is", which is why I am so careful in my approach. But that said, I intend to begin adding preferreds to my portfolio this week. I expect to have more questions and appreciate your willingness to field them.

-----Original Message--------------------------------------------------------------
From: Al M
Sent: Tuesday, September 08 12:20 AM
In reading the book Preferred Stock Investion through chapter15 it said I could get the current update. Please send it. I really like the book. Well done!

-----Original Message--------------------------------------------------------------
From: Dee
Sent: Friday, September 04 1:23 AM
Thank you very much for the opportunity to receive your free CDx3 Newsletter. Please activate my subscription when possible. I have purchased your new book from Amazon. Fantastic book! Thank you SO much for sharing all of this great information with all of us! I will visit your website soon. And consider a subscription to your CDx3 Notification Service.

-----Original Message--------------------------------------------------------------
From: Al M.
Sent: Thursday, September 03 4:21 PM
I've just finished reading your new book Preferred Stock Investing and I wish I had known about it three years ago. Enough said.

-----Original Message--------------------------------------------------------------
From: JD M.
Sent: Friday, August 14 7:49 PM
Thank you for your book on preferred stock investing. I can't understand why everyone is not investing in the CDX3 preferreds.

-----Original Message--------------------------------------------------------------
From: Jeffrey M
Sent: Thursday, July 30 2:43 PM
I have been a retail stock broker for 21 years. I haven't bought or sold a preferred stock since I became an independent advisor, after 15 years with [a global brokerage firm]. They had a very good research department and I bought many Preferreds. But when I went on my own the research was just too time consuming and uncoordinated. But I must say that your Knowledge and Screening process on Preferreds is the most magnificent work I have ever seen. I am putting together a proposal for a high net worth client and your information has prepared me for my presentation in just s few hours with research I have never seen before.

-----Original Message--------------------------------------------------------------
From: Jim D
Sent: Tuesday, July 21 4:54 PM
HELLO DOUG, I WAS PLAYING WITH THE NUMBERS AND IT APPEARS THAT CDX TOTAL RETURNS COULD PROBABLY BEAT MOST INDEX,ES AND EVEN THE LEADING NEWSLETTERS, AS MOST DIVERSIFIED PORTFOLIOS DO NOT EXCEDE 12 % WHEN AVERAGED OUT. ESP AFTER 08 09. J

-----Original Message--------------------------------------------------------------
From: Bob V
Sent: Monday, July 13 7:52 AM
As usual your service always exceeds my expections and your information has saved me about $1900.

-----Original Message--------------------------------------------------------------
From: GayleS
Sent: Wednesday, July 01 7:10 PM
I can't tell you how much my husband and I enjoy and value CDx3. We are novice investors but have used your tools and expertise to fund our retirement with preferreds.

-----Original Message--------------------------------------------------------------
From: Don
Sent: Monday, June 08 1:46 PM
Your new book is great. You really added a lot of new content and lots more detail. Your writing style is commendable, too. Good Job!

-----Original Message--------------------------------------------------------------
From: DL
Sent: Friday, May 15 9:40 AM
By the way, you run a great service, the best I've seen in my 30+ years of trading.

-----Original Message--------------------------------------------------------------
From: Dr. T.
Sent: Monday, March 30 5:37 PM
I'm just writing to get this off my chest. I have been reviewing the most recent CDx3 Bargain Table and I literally cannot believe my eyes. Why wouldn't everyone be jumping at these investments. It's better than shopping for free in Hershey's Candy Store! With the level of security offered, it just seems that people should be coming to these investments in hoards!

-----Original Message--------------------------------------------------------------
From: Martin H
Sent: Monday, March 30 4:54 PM
I have read Preferred Stock Investing (more than once) and have subscribed to the Notification Service. I must tell you I find the principles and the service a way for me to participate in the stock market that is in keeping with my risk tolerance and my profit objectives. I hope the your results going forward will match your impressive performance history. By the way, I find your service levels to be excellent with the answer to some of my questions dealt with with alacrity.

-----Original Message--------------------------------------------------------------
From: Ron H
Sent: Wednesday, March 04 6:44 AM
Doug, I have yet to lose a dime on a preferred stock. I can't say that about any other investment.

-----Original Message--------------------------------------------------------------
From: Bill H.
Sent: Sunday, February 01 8:26 AM
Thanks for making investing in such a down market exciting.

-----Original Message--------------------------------------------------------------
From: James M
Sent: Monday, February 02 10:31 AM
Its good to have a calm voice in this sea of insanity with to many 'knowledge' people reporting and interpreting on the same 'information.'

-----Original Message--------------------------------------------------------------
From: Carl J
Sent: Wednesday, January 28 10:38 AM
I am very happy with your overall concept. I day-trade stock index futures full time. However, I had found that longer-term trading/investing was interfering with my day-trading because I was constantly following the longer term positions. Before I saw your book, I was resigned to putting my longer term money into CD's and government agency debt. Now I buy preferreds from your bargain table, set my profit target via your seller's calendar and set my stop-loss to "zero." In the interim, I collect the dividends. It's a perfect fit!

-----Original Message--------------------------------------------------------------
From: Dalton, J
Sent: Thursday, January 22 10:45 AM
As a CDx3 investor and subscriber to the service, I can't tell you how much I appreciate such a thorough and complete answer to my question. It is such a rarity to get something other than a 'boiler plate' type response from individuals who operate investment services that it shocks me when I get one like you have written. The amount of thorough information you give is helpful to make an informed decision relevant to my risk tolerance and investment objectives.

-----Original Message--------------------------------------------------------------
From: Jonathan S
Sent: Wednesday, January 21 1:15 PM
You are great Doug - thank you for this insight!!

-----Original Message--------------------------------------------------------------
From: Mark A
Sent: Sunday, January 11 4:32 AM
Thank you for your informative and quick response. Having only been a member for a few weeks, I am still learning the system. Prior to finding your book and the notification service, I was using a different service. While these are still helpful at times, your program is superior and reasonably priced.

-----Original Message--------------------------------------------------------------
From: Don
Sent: Monday, January 05 4:57 PM
Thanks for the answer and all of your time. By the way, I'm doing super with the CDx3 system.

-----Original Message--------------------------------------------------------------
From: Duane R.
Sent: Wednesday, December 31 1:02 PM
Doug, I'm a recent subscriber and bought and read your book, too. Book is a 'must' for anyone doing this. I loved it.

-----Original Message--------------------------------------------------------------
From: Dave B
Sent: Sunday, December 28 12:01 PM
I really like your stuff...it gives me hope maybe I can quit practicing saying "Welcome to Walmart"!! I'll be waiting by my computer on Tuesday.

-----Original Message--------------------------------------------------------------
From: Carl J
Sent: Thursday, December 11 6:13 AM
Though at first I was skeptical about your concept (which is my nature), over the past two months I've become more and more convinced what your doing is a phenomenal idea (especially in this environment). Please don't take on too many more subscribers (LOL)!

-----Original Message--------------------------------------------------------------
From: John A
Sent: Wednesday, December 10 5:13 PM
Many thanks for your clear, prompt, and detailed response. I'm impressed with your logical thinking.

-----Original Message--------------------------------------------------------------
From: Duane R
Sent: Monday, December 08 8:21 AM
Doug, Thanks a mil for your quick response. I truly appreciate it and I loved your input.

-----Original Message--------------------------------------------------------------
From: Lyn R
Sent: Sunday, December 07 7:28 AM
I really feel fortunate to have stumbled on to your web site. My husband died at age 52 --6 months ago-- leaving me with a family and a lot of financial concern. I recently discovered preferreds, but have invested in some poor choices. Thanks so much for your research and a feeling of much more stability.

-----Original Message--------------------------------------------------------------
From: Domenic V
Sent: Tuesday, November 04 6:41 AM
Like you and many of your subscribers, I have been nervously watching my CDx3 preferred's through this catastrophic financial collapse. After reading your book and getting a better understanding with emails to you, my plan was to buy at the pre-IPO for under $25.00, and hold until they reach the selling target or they are called. I started buying in late 2007/early 2008. And I targeted the higher yielding and higher rated CDx3 preferreds. I kept an eye on the Key Rate and the Perfect Market Index. While we are not out of the woods yet, it appears that these CDx3 preferreds will be ok. It is a good strategy with a good return.

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From: MKY
Sent: Sunday, November 02 6:01 PM
I also want to let you know that I REALLY REALLY enjoyed reading your incisive article that appeared under the heading Assessing the Risk of CDx3 Preferred Stocks in your July 2008 R & D notes. What a terrific analysis and I am truly tickled by the sheer analytical skills that you have dsiplayed.

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From: Mark L
Sent: Thursday, October 30 5:01 AM
Greatly appreciate CDx3. Has held up well during this financial mess.

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From: Tim O.
Sent: Wednesday, October 01 4:37 AM
Thanks for your notes. I understand all the fundamentals of your method and believe it is the best way to go.

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From: Bob V
Sent: Monday, September 29 12:45 PM
I wasn't able to get the information you provided thru my sources and, as usual, you came thru.

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From: KC
Sent: Saturday, September 13 8:54 AM
Hello Doug, Thanks for the thoughtful analysis of this view of what is heppening. Thanks again Doug and I really appreciate how you read and respond to your subscribers. Clearly we all need to make our own decisions based upon our circumstances, but your thoughts on the market are helpful and eyeopening in these uncertain times.

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From: Jerry D
Sent: Friday, September 05 2:54 PM
Thanks for the explanation Doug: I do appreciate the thoroughness and promptness with which you always respond. My reading comprehension skills are pretty good but each time I read and re read your book I obtain a better understanding of the concepts and ideas presented. I have two family members reading your book and they are convinced that it is a good conservative investment strategy that is safe and rewarding!

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From: Johnny F
Sent: Wednesday, August 13 2:14 PM
Thanks to you I'm (finally) having fun in the stock market.

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From: Mark T
Sent: Tuesday, July 08 4:24 PM
I am very enthusiastic about your CDx3 investment strategy. I thoroughly read everything you publish, and very much enjoy it. Your accesibility to your subscribers is also truly stunning. I have found this increases the value of my subscription exponentially. Prior to subscribing, I was very much struggling to better understand what determined the prices of preferred stocks. I have been so impressed with your service.

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From: Jim S
Sent: Wednesday, July 02 7:31 AM
I am a new subscriber but must say that your service is the best organized and documented of any investor service I have seen to date. The Moody's ratings listed in the CDx3 Bargain Table in Research Notes is quite useful.

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From: Linda H
Sent: Tuesday, May 20 2:58 PM
Thank you!
Linda H

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From: Bob V
Sent: Tuesday, May 06 11:14 AM
I appreciate the sound advice and your time. I have lost my head since becoming involved with your program and now have 15 different preferred stocks. am sleeping at night knowing that CDx3 is working for me during these choppy times.

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From: Tim O.
Sent: Saturday, May 03 2:03 PM
I've only been on board a couple months...I also subscribe to [two other investing services]. Yours has become my favorite because of your enthusiasm in what you do and your desire to constantly improve your methods.

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From: Mark S
Sent: Thursday, April 17 6:29 PM
As of close today I'm all ready up 2.1%. I'm glad I discovered your system. These are all in my ROTH and I just turned 59 1/2 so this will be my new tax free income stream.

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From: Jonathan S
Sent: Monday, March 24 9:14 AM
Thank you for a wonderful service and your outstanding insight into a greatly under-covered corner of the investment universe!

-----Original Message--------------------------------------------------------------
From: Gayle S
Sent: Wednesday, February 27 5:51 PM
Thanks so much for responding so quickly to my questions. My husband and I are trying to educate ourselves on preferred stocks. We owned them before, but let a financial advisor talk us into selling them. We, now, are self managing our IRA and want to purchase preferred's again for a steady stream of income. We love your book. You are the first person to make sense of Preferreds.

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From: Kip O
Sent: Tuesday, February 05 11:52 AM
By the way, as a new subscriber to your CDx3 program I want you to know that I find your new web page very useful. I enjoy being able to have many of the links that I use every day in one place. It speeds up my evaluation of preferred stocks CDx3 and others.

-----Original Message--------------------------------------------------------------
From: RBD
Sent: Monday, December 17 5:08 PM
Thanks for writing such a fine book. I found it both informative and enjoyable. I'm definitely a better investor after reading your book.

-----Original Message--------------------------------------------------------------
From: Earl M
Sent: Thursday, December 06 6:57 PM
Let me just say that your response was thoughtful and very clear. It is a testament to the quality of your work and service. Thank you again for taking this kind of time.

-----Original Message--------------------------------------------------------------
From: Richard S
Sent: Tuesday, December 04 8:19 AM
Congrats on the last newsletter and especially the great explanation on how we got into the current "credit crunch". One of the best I have read on this subject. You should be on CNBC or even have your own network!

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From: Joseph R
Sent: Wednesday, November 07 4:27 AM
Your book was great and the newsletter is a nice monthly supplement.

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From: John M
Sent: Monday, October 08 6:45 PM
I am looking forward to the adventure ahead. As a Managing Finance Director at [a large HMO], I had a hard time putting down your book. It is a very impressive piece of work. I was looking to find an income vehicle with little down side risk and the capital appreciation is a bonus.

-----Original Message--------------------------------------------------------------
From: Mark R
Sent: Thursday, August 30 10:04 AM
I'm about halfway through your book - which I picked up on Amazon - and I'm finding it really fascinating. Thanks for your insights.....GREAT BOOK.

-----Original Message--------------------------------------------------------------
From: Jan S.
Sent: Monday, November 20 7:39 AM
Well done indeed! I just finished reading the book and want to tell you that I liked it for at least for two reasons; 1) With no regard to any benefit or future use, it was just a good stand alone story. A good read. 2) I learned a lot. As you know, whenever you write any sort of technical material, you need to be concerned about your target audience and whether it will be too basic for some and too complicated for others. I suspect you connected with people on both ends of the spectrum. I know you connected with us dummies. What a good primer.