Kinder Morgan Inc (KMI)

[bar1080]

I've winnowed my investing method down to about 15 rules. Most were well known to Ben Graham's followers 75 years ago and mostly serve to eliminate scams. I don't like gimmicks or fads (like mREITs as you know or MLPs and such). I eschew stocks that pay above market divs. I firmly believe "The More You Trade The More you Lose." In that way I'm the opposite of most modern players whose average holding period is about 6 months. My costs and taxes are incredibly low.

I doubt that fundamental investing can work anymore with large caps. Or is worth the effort. Pros and insiders are just too smart. So my goal is to eliminate the worst garbage and buy a sampling of the rest as an index fund.

Leverage aside, I do think KMI's pipeline business is a good sector. That's why I've been following it.