I have some cash on sidelines for unexpected buying opportunities.
I still believe the TRUE economy is in shambles.
There’s a few BITOG members I talk off line with and tell them about the ongoing puppet show.
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- Thread starter Warstud
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I have some cash on sidelines for unexpected buying opportunities.
I still believe the TRUE economy is in shambles.
There’s a few BITOG members I talk off line with and tell them about the ongoing puppet show.
Were or where or we're!! Same thing!
Since 1970
All the same.
I do not believe bonds offer a good value at this point. The 10yr yield ticked briefly below 4.00% today. Only bonds I consider are Munis.
Zee09
$200 Site Donor 2023
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I have cash on the sidelines too, only to hoard.........
Your likely correct in the traditional sense. However the fed could fire up QE again and push it down to 3% easily given the treasury is only selling bills (something the current clown show criticized the previous clown show from doing). So you have to factor the manipulation in.
Additionally a lot of retirees are still sitting in 100% equities, which is really foolish on their part IMHO, so some not too long dated stuff likely makes sense for them.
Feel free to buy them if you believe the 10 is going to 3.
Personally, I am seeking bond proxies instead of bonds. AMLP has a yield of 8%, I'll take that in a heartbeat vs. bonds right now.
Personally, I am seeking bond proxies instead of bonds. AMLP has a yield of 8%, I'll take that in a heartbeat vs. bonds right now.
I didn't say I would buy 10UST nor did I say you should. I said there were reasons for some people to do so.
8% yield for midstream oil plays isn't all that awesome at $60 oil into a slowing economy. I have owned MLP's oil pipelines on and off for decades and don't need an ETF. ET is the best of that bunch and paying 7.6% itself. Owned it up till August of last year when I sold all my oil holdings. People who don't understand the oil business chasing yield. I'll buy it at $9 after the pop, like last time.
I dislike the unknown tax after effects ( my words) of MLPs. I was just chased down to pay a small sum to the IRS for an MLP I owned in 2023. In an IRA !
I don't know about retirees specifically, but Barchart.com states that $7.4T is sitting in money market funds, an all time high.
That's exactly why I buy AMLP. It's an ETF of MLP's, which prevents any need for a K1 or any special tax treatment.
They are not just "oil companies". They are diversified Energy companies. With AI data centers building out like crazy, much more energy is needed in the decade ahead. Even if some data centers don't want to directly use the energy products from the MLP's, they will fill the gaps created when other sources are dedicated to power the centers.
That, and other industries demand their products, like isobutylene and propylene which are feedstocks for manufacturing a vast number everyday products. Commodity prices are secondary for MLP's. Much of their income is from product flow. Think of their pipeline systems as 24/7/365 "toll roads".
Yeah I know. I’ve owned it in the past.
ET rarely works out for me.
I do own NML it’s been decent
If I want to own a bond fund I try to own those I can sell options on. I have found this to be lucrative and stable - and really bonds should be about stability
You don't want to own them in an IRA for sure. A lot of the gains are not tax deferred anyway.
Gains and income aren’t taxed but excess business income or whatever it’s called is taxed if over $1000
I said they were midstream . Pipeline is the literal definition of midtstream.
Diversified makes for nice brochure language. Believe and buy what you want.
Depends on the MLP. If they have already been depreciated far enough everything passed through is considered a capital gain, which is why your taxed on it in a IRA - well something like that I think.
If you hold it outside of the IRA for an individual the taxes seemed to be the same as dividends or income. I think. Not an accountant. I dutifully fill out my form and mail it to the IRS. They send me a letter saying the tax software did it wrong and either send me a check or I send them a check. I wish they would just do it for me and mail the bill.
JHZR2
Staff member
Yeah I’m way too young to bias that way.
Buying and selling bonds or bond funds based upon reading the tea leaves - trading based upon broad trends, is something I’ll dabble in.
My question was more specifically if you bought and sold individual bonds. Just out of curiosity. Obviously a bond fund captures the trends and is far easier to use.
Yes if over 1000 you pay. StinkyDepends on the MLP. If they have already been depreciated far enough everything passed through is considered a capital gain, which is why your taxed on it in a IRA - well something like that I think.
If you hold it outside of the IRA for an individual the taxes seemed to be the same as dividends or income. I think. Not an accountant. I dutifully fill out my form and mail it to the IRS. They send me a letter saying the tax software did it wrong and either send me a check or I send them a check. I wish they would just do it for me and mail the bill.
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