Stop complaining. I bought more this morning at $79.03. I also bought some ETP this morning at $58.50 (but that's just for a trade.)
MMP has a very good performance but JPEP is a new entry with a well diversified business that covers the refined products too. JPEP gives also higher dividend that MMP.
well skinz, i bet 20 yrs from now you'll then wonder about the next 20.
i shook up my portfolio and closed all utility positions a couple days ago (fortunately) and put down in the banking sector with GS, C, and VFH (banking ETF). gonna let all that ride until after Fed makes their first move. perhaps this summer.
i like MMP and am doing my DD there. i believe they are in a good spot come interest rate hikes. i hold ETP which is not too unlike EPD. am holding that Long. i consider ETP and EPD to both be oversold.
you've got some good holdings. i've got 19 open positions now which is all i can handle. my latest tho was a purely speculative move with CTCM - Russian media. The Ruple has been smashed with their oil and Ukraine issues. however, Putin and the boys are shaking hands and playing nice lately which alleviates nationalization concerns for CTCM. their yield is at 18% (Nasdaq) due to strong US dollar and weak Ruple.
As Spock was fond of saying, "Live long and prosper."
Avoid turbulance too.
I don't even want to think about 20 years from now. I'll either be long dead or I'll have forgotten my own name. Five more years, and I'm out of here.... IF I don't die first.
Truth be told, I only retired because my wife was dying of cancer, and I couldn't take care of her and run a business at the same time. I was lucky in that I had planned long and hard to be able to stop working when I did. Other than having a very expensive hobby (I owned my own plane), I didn't live extravagantly. My only extravagance now is owning big chunks of MMP, EPD, and a little chunk of ETP.
From your thank-you message to someone, it appears you received a response, but I couldn't see it. So, I don't know what it said. Being such, I offer the following: What you need to enter on your income tax return comes to you in the form of a "K-1" that MMP will send to you (it will also be available on-line), hopefully by the end of February. You can learn a good bit about K-1's and how to get the information into your tax return by visiting the EPD (it is also an MLP) Yahoo Message Board. Once in the message board portion of the website, search for "tax" or "K-1" in message Subject line and Topic titles and you'll come up with a lot of hits. If you find a message that has a question that is of particular interest to you, to find responses I think you have to find the original message (via the "Topic" tab for example) to see them. "lizahuang54321" appears to be quite knowledgeable. After perusing such messages a couple of years ago (be sure to select 'All' for how far back to search since there isn't much, if anything, there related to tax returns in the 3 mos and not much even going back a full year.) I found the going fairly easy in TurboTax. Good luck!
well, i wish i could say i retired at 55 but waited until 62. however, i had a sweetheart deal and only worked a 4 day week with full benefits and then took it to 1 day week and was reimbursed for insurance. that all came to an end last Nov and now it's full time building my lake home and updating my current residence for sale come April.
i also wish i could say i make more money now than when i worked fulltime. it's very close but i pay my health ins which sets it back.
dividend income equates to about 30% of what i used to clear in a paycheck.
hoping all continues well for you and that you can restate your post in another 20 yrs.
But u do pay tax on gains; long or short( God forbid); unless in a Roth, hate to return to that option.
Commissions are secondary to sound investing, for me
The sellers wanted to sell more than the buyers wanted to buy. When the buyers want to buy more than the sellers want to sell, it'll go up. That's the way it works. My mother used to tell me that why is a crooked letter.