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*Investors Blog*
- Thread starter Warstud
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I am a subscriber - and it just came back up. Whew!
I was catching up on posts and noticed some banter on MPLX. Wife is too conservative with her savings (to me) and I want her to get into divies. MPLX looks good, am I missing something? Why is it non-qualified? And what might be better options? I see the crazy ones that seem to be mostly return of capital schemes.
Anything petrochemical mid-stream is not a low risk dividend paying "bond posing as an equity" type investment. It has lots of risk and goes up and down with the industry - just maybe not as much.
Sounds like your looking for a public utility or something.
If you must do mid-stream do your homework. I have owned KMP and EPD (which is a MLP so know your tax liabilities). But even those go up and down a reasonable amount.
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If you read my posts they were back in the cv19 days. MPLX was such a scam they had to run up the dividends to get back the vast investors who bailed earlier. I never went back but things are different but I will never invest a dime with them
On a side note I do agree with @SC Maintenance
AMLP is an ETF (no K-1) worth looking at if your portfolio is large enough and decently diversified. Not really conservative, but you can see some dividend growth and ability to buy dips (like now)
Frankly today for me is all about raising cash. I sold around half my scraggly positions.
I've backed into around 60% cash or cash like ETFs
I've backed into around 60% cash or cash like ETFs
Tax time filing is easy with K-1's. It's Sept or whenever later the IRS comes nosing around the (limited) partners wanting the tax $. I just sent them some more $. That was enough surprises for me.
I wish I could sell and forget about it for a while - it sure feels like a Frothy top last 30 days. But every indicator is crazy bullish - VIX all time low, rates and dollar stable, gold, large caps ATH
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This is home depot
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The administration has brought back enough workers to release the CPI this Friday.
Apparently they need the numbers to figure SS Cost of Living adjustment for next year.
According to CNBC -
"The department’s Bureau of Labor Statistics will “promptly resume” work on September’s consumer price index data, a White House official said. The report will come out at 8:30 a.m. ET on Oct. 24, nine days after it was originally scheduled, according to the BLS."
Will there be a market reaction? Will it be good or bad news?
Apparently they need the numbers to figure SS Cost of Living adjustment for next year.
According to CNBC -
"The department’s Bureau of Labor Statistics will “promptly resume” work on September’s consumer price index data, a White House official said. The report will come out at 8:30 a.m. ET on Oct. 24, nine days after it was originally scheduled, according to the BLS."
Will there be a market reaction? Will it be good or bad news?
I saw this yesterday, and immediately figured it would dictate the fed's next move, it being the only "official" data the fed has, no matter how cooked the books are.
So I would say yes, will be watched pretty closely.
Some of mine have, as well. E.G - DE. John Deere.
But, while Deere is down about 10% from its highs earlier this year, I am not that worried.
I bought DE in the summer of 2008, at $44.09/share after it had been crushed by the big market crash. I’ve been reinvesting the dividends and holding it ever since.
It’s been a good addition to the portfolio.
This, too, shall pass. DE is a great company. Just like CAT, and BA, which I also own. All three have had their ups and downs, but I have a pretty long view.
Seeing more articles like this, which actually is a bullish indicator. No surprises in this one:
https://seekingalpha.com/article/4831619-3-things-that-could-finally-prick-the-market-bubble
https://seekingalpha.com/article/4831619-3-things-that-could-finally-prick-the-market-bubble
