no I did not pay $50 for KMI. $50 was for KMP. when it hit $95 it was exchanged for 2+ shares of KMI so about $38. Yes down in value from that. But waaay ahead altogether. Sorry you don't understand
original purchase of KMP was at about $50. Reinvested the 6+% payments for about 3 years. Then it was converted to Kinder Morgan (KMI) at about $95. That's a big gain for three years. Now KMI paying that dividend that increases every quarter. About twice as much income as when I started. That's a lot of income for me. Sorry you missed out.
And buy high quality bond funds??? So not only will you lose principal, but when rates go up the monthly dividend will go down so you lose both ways. WOW
'wait it out in cash and made out like bandits' So you have sitting with funds in cash for years waiting for rate increases that never came. While everyone else was cashing in on the biggest recovery in history by owning REITs and other stock. That was great advice. OK now lets see if you next prediction comes true. O will be in mid 20's within 30 days.
I don't believe in absolute 'never' What about for those who don't have taxable accts? They can get a higher return in the IRA and just pay the tax when due. Some with small balances may not have any or liittle due. Also for those who have it in their taxable acct--there is a big tax due on sale there also.
I think we will be seeing better (lower) prices on REITs in the next few months. I own KMI, I think it could go under $20 per share
great thank you. I originally bought KMP. I had it for a couple of years and got that great distribution. When it got converted to KMI everyone made a huge profit. Now it is KMI and just keeps raising the dividend. What a great investment. Sorry you missed out.
Article in WSJ about UBTI tax bills plus penalties received in October for those who had KMP in IRA. Anyone here involved? or holders who did NOT get letter?
This has been debated for years if you have UBTI when you sell the MLP while in your IRA but do not withdraw the funds. Some claim they have been doing this for 20 years and never a problem. Today there was somewhat of an answer in an article in Wall Street Journal where IRS, in October, hit 5000 people with taxes and penalties for KMI-KMP sale. This was first time there was a massive sale (due to terms of that deal) of one MLP. Example I read the investor had over 100K in that MLP when sold. Was hit with 52K bill. The custodian is responsible for the filing, but the tax comes from YOUR funds. I guess we should be checking the KMI board to see if any one else is getting notices
O is a very conservative investment. Like T, It pays a high dividend, and if you are an income investor it should be part of your portfolio. It has been paying a steadily rising dividend for over 20 years. It is NOT for those looking for price appreciation. If interest rates rise, you may see a decrease in price. I think most long term holders would not be buyers at this price, but would wait for a price in low 40's. I own for many years, and it has delivered exactly what I expected, so no regrets.
oh boy. More evidence of your problems. You announced many times that your attorney was going to sue over the 'lies'. Good thing they fired you when they did.
Like O, T, OHI, KMI should be part of every income investors portfolio. Great buy at this level. I calculated the yield on these 4 and they look good to me. Although I would wait for O to drop to low 40's before I bought any more.
If the company 's NII income was .27 last quarter, why would it be worse in the future? The non accruals are ALREADY figured in. So if they remain as such the income should stay the same. Are their other loans that will soon be added to non accruals? If not, long term holders like us should just be getting this dividend. Even if cut, it is still great
As long as they can keep paying this dividend, or anything close to it, PNNT is a great buy. What's the worst that can happen? Even if they cut down the road to .20 per quarter, and price dropped to $6--That would be 13% at that level.