"They make money"...
- Thread starter Cabin111
- Start date
And you own those two which are up 1% or so?
My point is that the mkt gives zero fvcks.
Correction...The Fed gives zero fks, which is now why the market gives zero fcks. And I am fck.
And if LE does not come down from the 150ish level it is at, people are going to rebel and give a fck. That is outrageous beef pricing.
They will all start to eet moR3 ChicK3N.
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That video is dumber than a BML rally march protest riot. or an Occupy wall st march. or an insurrection. or a birth control protest.
I stopped using earphones consuming music, movies, documentaries, shows....and instead use earplugs. I feel so calm, and neutral now.
Correction...The Fed NOW gives zero fks...and that's why we are all fck'ed, hopefully not for too long.
I know we see this as apples vs oranges...I just turned 67 and am looking for cash flow.
Here is the thread about WEAT...You can look at Statistical Trader's thread about my other trade in WEAT.
https://www.elitetrader.com/et/posts/5641305/
I hardly ever hit home runs...$50. dividend here, $300. cover call there...Followed by another $125. dividend the next day. Some are in the Roth IRAs working tax free. For me the options/dividends help cushion the market fall.
Concerning ABBV...I don't remember (really don't want to try and go find it at Schwab or Fidelity). ABBV chugs along with new drugs. It has a P/E of about 20 and it has about a 4% dividend. What do you think a retiree (who has had 2 heart attacks) should be in?? I use Yahoo!Finance for general following of my stocks. More in depth (maybe once or twice a day) I'll go online to see any real changes...Make trades. I manage assets all over the place. I can not be weighed down following stocks all day. Play with grand kids, go ride the bicycle, repair rental, lunch with the wife. I would rather manage my own accounts than have an asset manager do it...Just me. I have a life outside of the market...
You lived through prime at April 1980 of 20%, we haven't even started recession yet. Learn to trade long term commodities and learn to hedge. We long way to bottom.
CEQP.PR
Conservative investment with a good yield (9%).
I have some parked here and have GTC orders to add.
https://seekingalpha.com/article/45...eferred-units-9-percent-yield-strong-coverage
https://seekingalpha.com/article/45...ergy-is-cheap-2-big-yields-i-am-loading-up-on
Conservative investment with a good yield (9%).
I have some parked here and have GTC orders to add.
https://seekingalpha.com/article/45...eferred-units-9-percent-yield-strong-coverage
https://seekingalpha.com/article/45...ergy-is-cheap-2-big-yields-i-am-loading-up-on
I read the information closely...When I got to K-1 I got a red flag in the back of my head. Here is from an earlier post about USO. If CEQP ever had to be unwound in bankruptcy, it would be treated different...
Does the government treat LLPs different than other ETFs? Yes!! If a LLP is liquidated, does it send a red flag to the IRS? Yes!! I have been audited 3 times...All with my wife. We had our ducks lined up in a row with my CPA before we went in. IRS auditors are not very bright. They want to find unpaid taxes quickly then move on. You could be there an hour explaining an unwound LLP (and not knowing what you're talking about). The auditor may reject your answers and say you had full knowledge of the LLP and may owe more in taxes. Or may ask for a revision of your taxes. Both cost money. You may need to hire a tax professional. I said may...LLPs CAN be tricky. When I had USO and showed my CPA the end of year statement, he suggested I get out of it and never return to that company. Yeah, so tell it to my CPA...He must be an idiot!! Yes, you are correct on the first part...But down the road, headaches could be ahead. If I remember...If the LLP does get unwound and it creates over $1,000. to your account, you need to file an extra 4 pages of documents to the IRS. Turbo Tax or H & R Block may not know what they are doing.
Edited 5 minutes later. I went to Fidelity to buy 1 share of USO (just to see what would happen), no, I didn't buy. Below is the response...They are covering their ass.
Error:(DI2002) You are placing an order for a security that requires you to execute Fidelity's Designated Investments Agreement for this account.
Review and execute the Designated Investments Agreement, and review important information about this investment. If you do not agree to the terms of the agreement and review the important information, you may not purchase this security.
For important information on these securities and their risks, see Master Limited Partnerships .
One more thing from Schwab...
- Taxes on distributions not received. According to the SEC, MLP unitholders may still need to pay applicable taxes even if the MLP doesn’t provide the unitholder with cash distributions. For example, “if debt owned by an MLP is discharged in a restructuring or bankruptcy, the amount of debt discharged may be treated as income,” meaning investors may owe income taxes despite not receiving a cash distribution.5 A restructuring or bankruptcy is rarely a good thing for investors, but in the case of MLPs it can add an additional headache when it comes to taxes.
- State taxes. According to the SEC, investors may need to file state tax returns in states that the MLP operates in, even if the investor doesn’t live in that state.6
- MLPs held in retirement accounts. Sometimes an MLP will generate unrelated business taxable income, or UBTI, which could lead to a tax bill even if the MLP is held in a tax-deferred individual retirement account (IRA). While the income earned in a retirement account is generally tax deferred, UBTI may actually be taxed in an IRA. In other words, an investor holding an MLP in a retirement may still owe tax. If an MLP is held in a tax-deferred retirement account, it’s usually up to the MLP unitholder to send the Schedule K-1 to the IRA or retirement account custodian.