Still thinking about our back-and-forth.....
You've got a $46,000 gain right now! If you're holding out for the distributions, then you're risking $46,000 in the hope that the company will be in position to hand you a distribution based on a previous quarter of a different year? There are so many variables here but one thing is for dead certain:
You've done spectacularly well. Focus now must be directed to how you manage things longer term when it's no longer a matter of bringing home the allowance. A distribution cut might be mandated by the BOD and then---quick as a wink---not only will you receive less than you expected, but watch your $46K dive for the hole in your sinking boat!
This is about risk and nothing else. Risk is another face for probability. Unfortunately it is also another face for daring. And daring is just another word for ego...or would you prefer to think of it as lust and extreme desire?
We are all controlled by various mechanisms within us, things reflecting our acceptance or struggles against previous experiences. Having been blind for the better part of five years, I'm driven by the need to prosper at all costs and to continually prove to myself that I deserve to be self-respecting. I know this to be true, I understand that I was threatened in every way imaginable, unable to earn through conventional means. I had no choice but to reinvent myself as a self-forager of sorts. That period led to what has become an amazingly profitable career. And yes, my sight is back!
Learning to let go of income producers when the appreciation side of the equation was dissipating was comparable to telling Dad I don't need his allowance any more. I did that, by the way, when I was fourteen. He was hurt, I remember it well. Had he been more on the ball he'd have been proud that I had stepped up to the plate without draining his resources.
Think about this, my friend--- Risking $46,000 in capital appreciation gains already in place---versus the POSSIBILITY of $0.39 per unit or $2,340---ASS-You-ming all things remain firmly secure in this world that never changes! lol The $46K is guaranteed!!!
I am absolutely convinced we are discussing the difference between success and failure for nearly all investors. Catdaddy bemoans often the fact that he moves too quickly when it comes to selling. But he rarely leaves his kill (profits) for coyotes to devour. I have huge respect for his style although my trigger finger tends to be more patient.
For what it's worth, I would not sell NGL now, even if it gapped up $2. It's in an upswing on a leg to $30, I believe. Until I see I'm mistaken, I'll stick to my game plan. And I have no wish to direct your moves, only to encourage you to reconsider values driving you to do as you do.
I hope this opens you up to alternative way of viewing your amazing success.
