All the posts on this topic just proves the passage in the bible." THE ROAD TO HEAVEN IS NARROW." So sad.
Why sell and take a loss? Line WILL come back in time. Collect the 10%, and be happy.
The Federal Reserve can no longer find enough buyers of US Treasuries to support QE whose end will not come through tapering. Instead, it will come from an inflationary collapse. The Fed is printing money to buy its own Treasuries to fund deficit spending, pay interest on the national debt, and re-inflate the 2007 economic bubble and prop up the banks. This is the greatest Ponzi scheme ever perpetrated upon mankind. Interest on our national debt (currently at $17.2 trillion and rising exponentially) has risen from $358.2 billion in 2012 to $415.7 billion in 2013 in spite of government manipulated borrowing rates being near zero. Main street interest rates, however, are now rising (e.g. mortgage rates and the TLT bond index) as the government rejected inflation metrics used in the past are being felt by hard working folks and dismissed by the economic cheerleaders. When the government contrived inflation metrics soon reach 6-8% as the result of the massive increase in the monetary base, the annual interest on our national debt will rise to over $1 trillion leading to the collapse of the national debt and the dollar. Meanwhile, the giddy stock market has been bidding up prices on historically low volume and near zero margin rates thanks to the effects of QE stimulus. Not since right before the 2008 market crash have margin rates and stock buybacks been near record levels. Corporate earnings are being driven by cost cutting, write-offs and stock buybacks rather than underpinning economic growth. We are being set up for a bond and stock market crash that will make the 1929 crash look like a very mild correction. Wall Street cheerleaders will deny this and comfort you because they need your money. Wall Street is drunk on greed and running wild with animal spirits. Mark my word, Wall Street is the Titanic steering toward the iceberg. Your 401K will go down with the ship. Don’t get caught up in its crass greed
Matt DiLallo: I think LINN Energy (NASDAQ: LINE ) investors will see a big dividend increase in 2014. The company struggled for much of 2013 after some early wells underperformed and an attack led by short sellers led to an informal inquiry by the SEC. Panic selling and a cloud of uncertainty nearly cost the company its deal for oil-rich Berry Petroleum (NYSE: BRY ) . However, with the SEC now blessing its deal and its operations now turning a corner, LINN is poised for a big year in 2014.
LINN Energy currently yields a 9.5% distribution. However, the company is well positioned to raise its payout next year. For starters, LINN is set to earn up to 10% more than it pays out to investors next quarter. Further, the Berry deal is expected to be accretive to the income it has available for its distribution. On top of that, LINN is not done growing. It has a number of organic growth opportunities in the Permian Basin as well as those that Berry brings to the table.
Further, this is a company that has closed 60 separate deals since going public. I expect LINN to be very active next year, and it will likely buy several billion dollars' worth of oil and gas assets before the year is over. All of which point to strong distribution growth in the year ahead.
At least you're raising the price tag on each guess. Keep trying, you're bound to get it right one of these times.