When a person with no investment experience takes control of his IRA and tries to invest on his own, the Cornerstone Funds and some REIT like ARR attract there attention because of big sounding yield numbers. They soon find as I did they are walking on quicksand. Lessons must be learned and money must be lost to gain experience. My advice is to tread very lightly and watch it work over a year or so if you have the patience. At the present time cash is a excellent position. After a big correction move in to all stock ETF or Mutual funds and some SPY .
StealingAlpha is the province of nimrods and fools. You can get the same bad advice on this MB. This is a Commodity Oil price issue for all petroleum stock particurally UpStream, it's not a Linn Energy problem more than other E and O operations. When you have a moment check out VNR,BBEP, MEMP, LGCY ect
the only logins i put on ignore are the insane spammer trolls. This MB does not have one. Opie is ok he just has his Opinions:)
the Market is a lottery. Those that act like they have the answer are often wrong. Icahn, Buffett and Mr.Phil are hitting a rough streak of late, but we will get over it.
You are wrong. MLP are not required to pay a Dividend no matter how much money they make. You might be confusing a MLP with a REIT.
Referring to our President who have never worked in the private sector as a bus driver is a insult to bus drivers everywhere.
Putin is popular will the common Russian at present . If times get hard there opinion may change. Putin is very unpopular with the business community and wealthy( much like Comrad Obama). Put may well succumb to a "bad" Mushroom before he is purged. Obama so much wishes he was a tough guy with balls like Vlady. But momma says no:)
Barrel of bull, Your reply has little to do with my post. I do plan to move to a more passive investment stratergy. Unwinding from trading individual stock and move to a Vanguard Total Narket ETF, SPY some Preferred /bonds and cash.
I don't think current income investors will look at Up Stream the same way again. Income investors stil in only are looking for a way out. Will be daytrade fodder for some time.
I see the current Progressives Fascists very pleased that our Carbon based energy industry is being injured. Dont expect Obama to put pressure on the Saudi to moderate there stance. If Putin gets desperate he might do something rash before the mob drags him to his end.
....... will probably find a new sector to invest.BDC are also beat down and tied to Petroleum junk loans. I do believe moving to Bonds when they crash on higher interest rates is a good idea for the future.
I my short three or four years of trading we have had many downturns that always reverted to the mean in short order. I always look for reasons of how this is different and could be a long term trend. This is the first downturn since 2008 that could be a long term trend but probably is not. Is it different this time?