Unless they've changed something since I was last in one, a 401k would depend on what your employer offers as investments.
The IRS disallows only two things in an IRA - you can't have collectibles or whole life insurance.
lol, why don't you at least Google something about the correct metric to use before posting here? I'll bet that after you do, you'll feel so ashamed at your ignorance that you never post on a Yahoo Finance board again, lol.
I own ETP & post on that board, but I wanted to drop by to see what's been posted here. It seems the idiots who wrote that #$%$ haven't seen some of the cash flow statements from health care REIT's. Look at HCN or VTR, they look similar to what you see in a MLP so I guess they'll be out of business soon, lol.
I started a long reply but my browser crashed & I lost it. Look at the cash flow of HCN or VTR, two of the top health care REIT's which have been around for decades. Looks very similar...
Many have postulated that ETP is being sold off by funds who are just trying to get out of the sector so they won't have oil/gas investments on their books this quarter. The CEO kind of addressed this during last month's earnings call:
"But I'll tell you, (competitors) that give guidance and then turn around and have a bad financial reporting period, and then throw all of us under the bus, they say: by the way, don't focus on us -- focus on the industry, this is an industry problem. That gets a little frustrating for me."
For those posters here who apparently don't know.
ETP generates more cash every quarter than it pays out in distributions. For the past 12 months they generated 1.2 times more cash than distributions, which is a very good ratio. This means ETP is less dependent on debt or the market to raise capital. One of the things they're doing with this excess is a $2 billion unit buyback, announced in Q1 2015. In Q2 they bought back about $300 million in units.
In regard to future distributions, on the Q2 call the CFO said "we are well positioned for even stronger distribution growth going forward." He's expects ETP to have "...even higher distribution growth from 2017 onwards". They can feel confident about these distributions because they have contracts that have created a $22 billion backlog of projects. The contracts ETP has are for 15-20 years & they are "...in the very early innings of pretty much most of our projects." The projects are also "...100% demand-based projects with guaranteed returns", so it doesn't even matter if oil/gas flows.
So, should you buy? I did at an average price of $43, and when I see the price fall like it has, I feel the pain of wanting to just sell & get out, lol. However, when I look at how they're structuring the business it looks like a no-brainer to buy more.
Someone already responded to you, but PE isn't used for these types of investments. If you don't know that why are you even looking at this stock?
In ten years this investment will be paid off & I'll have the dividend stream still going. I did the same thing with HCN a few years ago when the experts on their message board were doom & gloom. I wondered if I'd gotten too early then, but stuck with the investment, which is paid for & just keeps raising/paying dividends.
Where are you getting that information? KMP's stock price increased into acquisition & KMI increased their dividend.
The highest yield they ever achieved at the time of the dividend was at 10.79% on 11/3/2008. If it reached that yield today, the price would be about $38.35. So, global economic collapse in 2008 vs. potentially slower growth in 2015, you decide if the selling has become overdone...
For the past 18 years they've had a steady or increasing dividend, so even through a lot of market turmoil, & have publicly stated they have the cash flow to sustain it now.
The lows seemed to be holding at around $46, but drifted a little lower. Still, the lower lows seem to be consolidating around the $45-$46 range, which accounting for variation might be good enough to call a bottom. So, I'm getting in now.
I'm waiting for an opportunity to get in, but the stock doesn't look like it has bottomed as the prices keeps having lower highs/lows. I assume this is because of the pipeline not getting approved, fed uncertainty & oil price (I know oil price shouldn't be a big factor, but as it relates to economic activity & oil use it does). As painful as this is for longs, I think we'll have a bottom around $40-$42, or where its previous highs were before the stock went parabolic.
I've been through this with dividend paying stocks before, and my advice is to hold for the long term & collect the dividend because it will eventually pay off.
Except that they stated they have enough cash to continue the payout at the current rate.
Back to school along with low gas cost seems to have created a lot of buyers. Yesterday, Target had every checkout lane open with a line to check out that stretched 3/4 of the way down the length of the store. To get a cart, I had to go out to the parking lot & wait on someone to unload theirs. I was there for a couple of hours buying stuff & it was like this the entire time.