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ECA Marcellus Trust I Message Board

  • walrathcrai walrathcrai Jun 1, 2013 11:09 PM Flag

    Things I Learned from Liz

    1. Never buy high yield investments. You'll make too much money and pay too much in taxes.
    2. Always buy trusts at the top and watch them go down. Insult anyone who reminds you that you were wrong.
    3. Never look at things like book value or pe ratio. They're confusing and not worth your time.
    4. If anyone argues with you tell them how much you make on your investments.

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    • "You'll make too much money and pay too much in taxes."

      Well my portfolio produces over $250k per year portfolio income (distributions, options premiums) and I pay very little tax. This year tax due at filing time was about $3k (I have regular job too, so I paid tax on wages during the year).

      The new trusts have been a challenge however I have many trusts purchased at far lower prices. MVO purchased at $8 and many other examples. Don't think I have ever bought one at the top.

      Book value and PE are not relevant to most of my investments so I ignore them. There are other far more relevant metrics relating to cash flow.

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