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Re: For B&W Re: Link to SA article - OKELA News; >>>> And thanks, too, for re-emphasizing the important of the income stream. Seems we long-term income holders are out-numbered by MLP traders these days<<<< The traders create the opportunity of placing cheap units(shares) in front of you for easy picking. They did in 2008-9 and you grabbed them when they were in front of you. MWE was yielding about 40% on their $6.69 bottom price. I grabbed a bunch then also. And I kept on adding more Units until the current time. (Last purchase was about 2 weeks ago) will be adding more shortly. I also own some ETE and PAA that I add to once in a while. For stability I have been accumulating Two Closed End Funds-- 1) DNP A utility andMLP fund yielding slightly over 7.5% annually that pays monthly. They have been paying every month for the past 28+ years 11 years at $0.06 a share then 17+ years at $0.65. I drip the monthly dividends because they usually give an up to 5% discount on the dividend when the fund trades over the NAV which it does most of the time. 2)GAB A general stock Closed end Fund that pays a quarterly dividend of at least 10% per year --100 shares bought around the IPO in 1988 with all the dividends dripped and no additional shares bought would give you over 4500 shares in your portfolio today and over 100 shares being added each quarter due to the dripped shares. Any regular investment strategy buying additional shares over all those years could have bulked up the portfolio to 5-6 or 7 figures. GAB today trades at about $6.40 So price appreciation wise it has done nothing all these years. However from an income standpoint Many thousands can be made even to the 6 and 7 figures . b&w |
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