I don't think it's smart thinking that way, frankly. Nothing is forever and MLPs will be in favor one day, out the next. A smart investor looks for opportunities as you're doing but he also should be aware that there's always going to be a precarious nature to holding any pick longer than the day it's acquired. That said, why not enjoy the fact that you've got a load of AMZA at this moment. It's an income producing vehicle. And while you may be able to sustain yourself on the income it produces, that will change if holdings within the pick prove to be wobbly.
This is probably a matter of investing style more than anything else but I'd caution against engraving anything in stone. What you see today too often fails to factor in to how things appear tomorrow. This is part of every investor's ongoing battle as he hopes to determine things real versus something else. Sometimes realities last no more than minutes or a day. When momentum seems to be ganging up in favor of representing a solid change for the worse or better, watch out! It's very likely as not to be a mental game foisted on us by high frequency trading machines acting without emotion.
This morning I added 700 units of NGL. All orders filled at well beneath $12.00---an average of about $11.90. It closed today at $12.30 so on the surface it looks like I made good buys today, right?
How much you wanna bet I end up in the red paint area tomorrow?
This is how things work. Just when it looks like we're positioned to enjoy solid footing, a fresh earthquake roars onto the scene disrupting everything in sight. This is why I'm building positions in ALDW and NGL largely for next year. I'm thinking some of today's energy-related uncertainty will have resolved and hopefully demonstrate greater clarity.
AMZA is fine but only for now and perhaps the rest of this year and even m\next year. But I won't bury myself in the lap of AMZA when I see opportunity in individual stocks that are the type of picks included in AMZA. There's opportunity to ride an enormous wave of momentum reversing itself and I don't want to be reaching for a 20% yearly when I see opportunity to capitalize on both the income via distribution side plus capital appreciation.
It's just stylistic difference, I think. It all works. Or it doesn't. lol
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM