We had to also get a PLR from the IRS to be #$%$ured that the proposals would not generate more issues down the road for Tax purposes. Since we are not going to be an MLP, we just wanted to be sure.
Looking forward to the upcoming markets #$%$ earnings are again upon us. The big payday's are coming.
For the most part he has had them figured out a long time ago.
This Mojave ID asked him about and Old ID and he admitted to it, so even if he was not posting he probably understood. Of course in their world of insecurity it only stands to reason.
Now that my taxes are completed I have had a chance to see how the MLP's are treated. Now I know the rules for MLP's:
Unlike corporations that are traded on listed exchanges, they are not taxed. All income and deductible expenses pass through the MLP to the owners by way of K-1, a tax reporting form for partnership income. This pass through feature brings both exceptional tax and income advantages, as well as additional tax complexities.
It is totally surprising what the tax advantages really amount to. While I always knew there were big advantages, until I actually saw the results I was blown away. I have my taxes done by my CFP/Broker/Friend and really never paid that much attention. Now normally I do not deal with friends, but he has become a friend over the years I see even Carl Icahn got involved so if he is involved it is all about the money.
I understand that Congress is going to look at changing how it works. That's what they did in Canada as in 2011 started making them pay corporate taxes which reduced the yield. They also have to pay a 25% tax if you are a non-resident. On the plus side you can get a foreign tax credit.
Anyway I am not invested in Canada anyway, just used it as a comparison.
The Dummies just do not UNDERSTAND! LMAO,LMAO
The contracts have finally been written to satisfy everyone involved. We did have one investor pull out and that's OK, it di mean that we had to restructure the moneys along with the % of ownership. We anticipate an IPO will be structured to be ready by late '15 or early '16. It is now time to close the eye's and get some much needed sleep. Talk to you later!
The stock has fallen straight down 13% in short order with no sign of stopping
Bank of America continues to sell off relentlessly since the results of the stress tests were published. The market is currently selling off in a wholesale manner. When this occurs, fundamentally sound stocks are sold off indiscriminately with the rest of the market.
Shhhhhhhhhhhhhhhhhh! I am almost positive that they have said ZERO or posted ZERO about it as it makes them look BAD!
In case they have not figured it out yet that is what the market does. I bet they are still holding!
Because when it comes to holding a stock they appear to be emotional traders and invest on HOPE.
Still working on the contracts, there are 6 of us and the money is available. I will not discuss the specifics of the money involved on this or any message board. My take is that there are TOO MANY LAWYERS involved, as everyone has their own set. But it is all basic contract law so should not be an issue and they want to make sure that they still have control of the enterprise. The main problem is patents are not currently approved.
The patents should all be approved within the next 6 weeks, maybe sooner as sometimes the easiest thing takes the longest.
The Best Performing Publicly Traded Equity For Both Income And Growth
If you weren't motivated to read this now you should be. The fact is that over the past 10 years (early 2003-2013) the Alerian MLP index, a composite of the 50 leading MLPs, has easily outperformed virtually every comparable publicly traded investment, including REITS, Utilities, the DJIA and S&P 500. Actually, the MLP index has utterly crushed them, and the index both in terms of capital appreciation and yield. Whether you want growth, income, or a combination of the two, none of these has come close to matching MLPs. See Part 2 for further details on why you should be very interested in MLPs.
Limited To Only Certain Specific Kinds Of Businesses And Sectors
So as a group they provide less opportunity for diversification than standard shares. Looking at how Congress has limited the kinds of activities businesses that be organized and taxed as MLPs, it’s clear that the general goal was to encourage investment and development in non-renewable natural resources (or at least those slow to renew, like timber) of limited supply, and the infrastructure and wholesale marketing needed to deliver them. These activities include their exploration, extraction (typically dug or pumped), transportation or storage from extraction point to wholesale distribution point, wholesale marketing, and certain kind of income from passive investing in these activities or active trading in these. Delivery to retail end users is also allowed but only if by pipeline. Note that this listing is meant to be only a general description of the kinds of activities permitted to MLPs. There are exceptions and relevant details, so those needing these should seek qualified legal advice.
Unlike corporations that are traded on listed exchanges, they are not taxed. All income and deductible expenses pass through the MLP to the owners by way of K-1, a tax reporting form for partnership income.
They must be DUMMIES.
Do you think it's because I own them? Maybe it's because I understand what I am investing in, as opposed to relying on a quick hitter and hoping to make a profit My EMES is up 64% since initial purchase, supplemented by a minor sell and a buy back in to increase my holdings. For those who do not share that opinion it surely is too bad since they also could have been a winner.
In the medium-to-long-term perspective, MLPs should produce competitive returns to investors compared to the overall market. MLPs deliver attractive distribution growth, which is the main driver of returns. Over the past five years, the Alerian Index (AMZ) has produced a ~240% total return for investors—more than half of which has come from yield. In comparison, the Standard & Poor’s 500 has produced a 120% return over the same period, of which about 20% has come from dividends.
This BTW are real numbers, and does not include any possible tax avoidance associated with Energy stocks under the MLP umbrella.
Energy Transfer Partners Has Turned Into An Attractive Investment Opportunity
Apr. 11, 2014 5:23 AM ET | 2 comments | About: ETP, Includes: EPD, KMP
According to the recently published Oil and Gas: Master Limited Partnership Report by the Wall Street Transcript there is great anticipation for corrections in MLP stocks in 2014.
The U.S. Federal Energy Regulatory Commission is approving more natural gas terminals as gates to the natural gas exports markets.
Energy Transfer Partners L.P. received a permit to construct a 23-mile long pipeline connecting Hidalgo County in Texas and the city of Reynosa in the Tamaulipas State of Mexico.
The company has a target cash distribution coverage ratio of 1.05× and has a dividend yield of 6.76% that is higher than the industry and sector averages.
Zacks Industry Rank perspective regards the company’s stock as a great pick for investors and the company has been seeing upward earnings estimate revisions by analysts since the past month.
My taxes are completed and Some would be disappointed in what I paid.
In this case I would believe my estimated payment each Q exceeds what most pay in a year.
Of course this is based on someone's excitement on getting a $4,000 refund.
This is way too funny to comprehend!!!!!!!!!
Especially today as cnsl pays a dividend of .39 a share x 5000 = $1950 just for having the stock.
While there are many that do not like dividend paying stocks and shy away from them; I say go for it.
The difference is I have extra money to spend when it pays to do whatever I want to do and I do not have to sell any stocks to do it. Now since it is a dividend I am also treated in theory to a reduced tax, but that is depends solely on one's income in which case I have to pay the higher rate.
In my case I am very happy to pay what is owed, because I can. One must always keep in mind that I also use as many deductions allowed by law, and they are many who feel that is an abuse, because I should pay more; my response to them is if you do not like it CHANGE THE LAW! Living in a country that allows me to live the lifestyle and enjoy the rewards of my labor is worth every penny.
Have a GREAT DAY!
Global Partners LP (GLP) guided 12-24% higher for 2014 EBITDA and finished 2014 with a strong quarter and restated 2013 Distributable Cash Flow due to RIN accounting
All this in spite of a down day in Markets.
Targa Resources Partners LP (NGLS) issued a revised 30-40% EBITDA upside due to higher volumes and exports, driving up the GP Sponsor and IDR owner Targa Resources Corp (TRGP).
Emerge Energy Services LP (EMES) continues to soar on the market's feedback of proppant shortages and booming demand which is pushing frac sand price + 12-14%. Baird issued a Friday upgrade which drove units up another 9% to close out with a 25.45% WTD return.
Just thought you would like to know. My investment return on growth is 53.71% and I get $1 a share dividend as of last payout..I am hoping for an increase.
Have a Great day!
The soaring stock market isn’t the only good news for investors. Dividends are set to jump by a double-digit percentage from 2013′s already record level.
The bottom line is that investors can expect a nice raise, to the tune of 22.9% over the dividend payout increase in the same period a year ago, says Howard Silverblatt of S&P Dow Jones Indices. Net increases to dividends (dividend hikes minus dividend cuts) are $17.8 billion for U.S. stock, versus a $14.5 billion increase in the first quarter of 2013, Silverblatt says.
Flush with record profit and record piles of cash, companies are boosting dividends faster than even during the boom of the late 1970s. Nearly 1,078 dividend increases have been reported during the first quarter of 2014, the biggest quarter ever for increases. The number of dividend increases even tops the number of boosts in the first quarter of 1979, 1069, which has stood as a long-standing record.
All this means that for investors looking for income, or at least some extra money, dividends are a tough game to beat. The weighted-average dividend yield of the Standard & Poor’s 500 is now 2.48%, up from 2.44% at the end of the first quarter of 2013. That makes dividends one of the best sources of income going amid the perpetual low-interest rate world we live in. Dividend payments are expected to rise 15% in the first quarter of 2014 from the first quarter of 2013.
If there’s a risk to dividends, it’s the rise of initial public offerings of companies that don’t pay dividends. The percentage of companies paying dividends fell a bit to 47% in the first quarter from 47.7% in the fourth quarter.
But still, it’s an undeniable golden age for dividends and those who appreciate them. “Dividends have not only recovered from their bottom, but are setting new records.
Bill, this is without a doubt one of the best presentations I have seen when trying to launch a new product. While we cannot reveal the product or describe how it will be used and what the projected sales would be I can tell you that it would blow your socks off. We will have a continuing presentation after lunch East time, but this involves how the product will be marketed and the costs associated with it. There are some patents that still have to be researched and applied for, but we believe that the approach is strong and the only ones that may have a similar patent would be Samsung or Apple.
Hope you had a good day I see the markets recovered somewhat and I decided yesterday to let it ride. Last look was over a 65% return on EMES so I can take the hit if necessary. My way and I suppose your way of investing would bring the SHORTS to their knees. Gray appears to have proved to whoever has read his posts that they are lacking in substance and knowledge and that their convincing only pertains to the ID's they created. So you think that Notsosimple11 is one of the "FLASH BOYS?" I suppose this would explain his success, and while not illegal may cause a drastic change in trading in the markets. As you explained in the phone call this morning one would not think that 8 or 12 milliseconds would make a difference. But I can see on a market order that if you knew that an order was going in to buy instead of getting it for $4 the computer saw it coming and bought at $4 and sold it for $4.20 as your order came in first That's why limit orders should always be used since the price was predetermined and would only happen at that price
Have a good night.
In other news I see I have a small dividend pay today of $1224, but is a monthly pay so will not complain.
Will wait and do some more DD on some other investments. I have been looking at a bunch of Canadian opportunities. Many of these BTW can only be accessed through the Toronto exchange and a tax would have to be paid to the Government so I am trying to see how it would impact me.
I will let Gray fight the Dummy battle and they will keep counterattacking because well that's what Dummies do. Even when proven wrong they continue the messages of stupidity--TYPICAL LOSERS- Gray has a better handle on most things they say and I would imagine as he indicated he has been around a long time, but just does not post. He said the new Id was a result of inactivity, but must be using a similar ID for someone to catch it. Makes no difference I suppose, just interesting.
Have a great day. Meeting with some people today looking for VC money. They are meeting with 7 others as well who share the interests in what they are going to pitch, should be an interesting presentation Plus I will be able to meet some others that I do not know. Sort of like expanding my NETWORK
Will wonders never cease when it comes to these DUMMIES. Thanks for the heads up.
I can make them look foolish by not even posting to them........SCORE
Unfortunately they do not understand short trading anyway so probably not. If they did they most likely did not have the balls to do it anyway. Like it has been said before they are all mouth and that's all. If I lived in their world I would be buying but of course they need money to do it and they would never admit to a buy on a stock I owned
Looks like I did not reach the limit order so no buy unless the stocks really recedes. Currently do not expect that to happen with an hour left. But really at 5500 shares I am good anyway. Stock worth 385,000 in my book is too much in a position anyway. Hate to sell any because of the tax implications.
Give me a call later I want to discuss some ideas with you.