i have been adding to eep over the last 2 months
they have superior management along with great assets.
i have also added to their spin off mep.
well run outfit that will only grow over time.
just be patient
i never pick the bottom but identify what i like and target a distrubution price
when that price realized i act.
i do not act on what others do.
imho oil at or about 40 should give us some individual mlp selections.
i have selected what i like with perspective yields .if achieved i will act.
the market over time will sort it out.
i have noticed with this decline this board has had less people contributing.thats a shame.
its in times like this we need sane heads with differing logical opinions discussing these issues.
ny marv if u want growth then forget these mlps and look at bio tech.
thats your cagr growrh
ive been in a bio tech closed end fund for several years.
has outperformed over time just about every group.
and imho over time will continue its ascent.
do i want growth certainly however as a senior investing in mlps over 15 plus years i have formed my own opinions.
between munis and mlps i enjoy the tax deferred and or tax free income.
if there is substuanial growth wonderful.each segment of my folio is there for different reasons based on my age and needs.
mlps are a part.
what i meant before was select what u like ,distribution being a part ,pick your entry point and then if u desire buy.
in fact today i added to my bio tech holdings.
over time ive been happy with my folios growth.
mistakes i have made.
but also have made some good choices.
no one hits homers every time up.
u have your method i havemine
butone is not better then another.
different strokes for different folks.
heres the topic
u havent earned the right to lecture me on investing.
wether u r older or not is of no consequence.
the cef hqh pays a quarterly div.and if in a retirement account this goes unreported for tax puposes. in addition tqh pays a monthly div.basically they are distributing profits earned since they earn no income except from bonds.
in addition ill match my folio or my prowess re finance with your financial abilities.
so stop your pompous airs stick to the facts and just talk mlps.
u r getting to be a boring old man..
marv i do enjoy your posts and occasionly find useful nuggets among your musings.furthermore if u want to be older then me thats fine. in fact i wish i was the youngest on this board.however its my guess and its just a hunch u aint in the league of the gentlemen u just mentioned .meaning no disrespect.
have owned in the past.
mostly in the baken
has not performed as well as the group in past .good co.good management their are better places to place money in mlp land.imho.
great global exposure .i just took a position.
also just might get a divie bump sometime this year.
managed by former ing group they know global stocks.
as long as qe the eu position this cef in the sweet spot.
i have owned also.
sold at a small profit
everyone waiting for them to cut the distribution.
now cord has been cut they just might.
they also have invested heavily in refining as oppossed to chemicals.
i watch it just as i do several other mlps on my buy list.
just havent felt the urge to buy.
chrx good luck if u buy.
cause nothing exciting about eep.
has a gp not a take out candidate.
stable boring business.
doesnt excite the shareholders.
what else to say.
i like boring.
for me a buy and keep.
not a trading vessel.
just sit back and enjoy
thx u band w.i read that before.
another piece of news illustrating mwe superior leadershop and vision
good work for bringing to boards attention