Alf...I find your post interesting because it is my investment model....! I always hold ten high dividend paying stocks of equal value with a chance of rebound/growth and use my dividends to dollar cost average....! At this time my only holding in the red is NRF....everything else is green (gains/loss plus dividends equals profit)...! Many very low dividend paying stocks have also crashed and I would not have been able to use dividend payouts to dollar cost average....! My current average dividend yield is about 14.2% a year and my investments are up about 122% in the last year...! My ten year average on my holdings is up about 27% a year....maybe I am just lucky.....time will tell...!
Well, as long as we're jerking each other off here, almost all of the securities in my portfolio came from referrals on the boards, you included. It's been pretty much a mutual endeavor, there's several people posting that have very similar portfolios. Cream rises, and the benefits of owning yield became very obvious when solid securities were on sale yielding 20-40%!
VNR is a conservatively run company with great coverage, my largest MLP. In second and third place are LGCY and ENP, I agree with you about gas prices, the benefits of being oily. I'm fairly well split among the rest.
I still think EROC is going to take a dump if/when the deal goes through. Out of the blue 1/3 of the shares can be shorted down to 2.50 risk free shaking the tree hard enough for some big player to make a grab at it.
star - been following mlp a year, and buying. want to thank many for valuable posts, but especially a poster who once was zorro whose advice was sound and appreciated. i recall z maybe went hawaii last year. if u see z say thanks. i also thank you for sharing you wisdom and experience. you and others who likewise share may not know how much you help and are appreciated by ones who are on the sidelines. best to you. got a day job so will log off.
When, I said reits, I really should have said reit preferreds. As the credit crisis developed, I was not comfortable, generally, owning the common but backed up to the preferreds. I still own a bunch. Strangely, most of the common I owned were mreits of which I still own SFI, GKK and RSO. RSO and lately, SFI, are doing great and okay. GKK is still a work in progress. Let still, I want the all to be income investments. But, presently, the greatest class percentage wise is the MLP's. I tend to emphasize the EP and GP classes, but at this point what's left there tends to be the safer ones, especially in the EP class. So, when I say PSE, I don't think there's going to be a fail there. Same with VNR and EVEP. The GP's are MWE, NGLS, and CPNO.
Not quite. Let's say you bought ten securities that yield 10% for $100K each. One fails. In that year you would earn $90K - $100K, or negative 1% of your original investment. The following years you would earn 9%.
Anyway, I'm with you on the REIT's, I dabbled in several, stole some horses, lost some, in the end did alright by bailing out at fortunate times. The MLP's are a different breed, I don't mind concentrating in them (even then I'm spread among types). Given how they're hedged, energy prices would have to plummet and stay there for several years before they would be in liquidity trouble.