My retired father has asked what I thought of YMLP as an addition to his retirement income - helives off a small ss payment and high dividend shares. I know nothing about YMLP. Question is if you were retired and counting upon a continued income stream, would you invest in YMLP or is there something better out there that pays 12%+ in dividends/distributions?
Based upon the past 3 months, it seems that a good price to get into MORL would be about $10/share. Agree or Disagree?
For complete disclosure, I have been asked by my retired father if I would think that this would be a good investment for him to help along with his monthly retirement funds.
After a number of years invested in midstream companies I've developed my own metrics. Right not I see support for JPEP at $5.00-$5.50 (can't reduce the price more specific than that), but also see the potential for the cost to go down to $4.89 before a major upswing. If it does reach $4.89 before May 8th, I'll put an order in to buy 1,000 shares.
Not criticizing or hyping the stock....I just like to put my conclusions out there to see how good they are and what comments I receive after my 5/8 date.
I own both CLM and PSEC, and am thinking of the foLlowing monthly trades to increase my divi income:
Sell CLM on 9/16 in order to get their Sept dividend and use the funds to buy PSEC on 9/21 in order to get their Sept divi.
I don't see why you couldn't do this monthly, BUT AM I MISSING SOMETHING?
I believe you are right on PSEC, I've put in an order to buy but at $7.13 that I believe will be executed on by the end of next week...actually I believe tha will be the low for the rest of the year.