Etracs Monthly Pay 2Xleverage (MORL)

[pete807]

Thanks! I am far less educated on these instruments than the author and he was closer to the actual payout albeit slightly higher in his estimate. I shoot low so I can be positively surprised. I thought the .60s was a reasonable target and when it was nearly .70, thereby paying me over 1k, I was pleased to hit my target of owning enough to make that mark, especially since it is a month ahead of the energy MLP payouts. I use the sheltered returns to supplemental income.

In the near future I will sell some of the long held real estate that makes up my other diversification. Then dividends could in part be reinvested for the powerful compound effect. Savings in regular banks does not provide any return to us that lived under our means and saved... just like lower mortgage rates don't help us who paid ours off religiously over the course of our careers at much higher rates. Some cash is in a credit union that pays 2+ %. Paltry but better than the .1% paid elsewhere in banks.

The discussion of the health care morass was also enlightening, as we don't get real information from the media, which has become so politicized. The real problem in Washington is influence peddling, vote selling, ear marks, separate health care for politicians and their allowed insider trading. It has become a one party system. Going there should like jury duty... when your turn/duty is over (no more than 2 terms) you go home to the real world!
JMHO