Wednesday, October 02, 2019 11:14:43 AM
We approach the stock market from very different points of origin, to be sure. Whereas you express concern for market downturns, I view them as opportunities for further "SMART" investments. I'll sell some NGL at $14 and over if I can get a $0.75 profit for each transacted unit. As I add political and oil patch things up, I'm not expecting dynamic leaps upward for any MLP, not even this one I've truly enjoyed...and respect greatly.
As I survey stock purchases, I'm always aware of adding a temporal reality to the buy...if I buy 1,000 of anything, it's because I like my prospects---NOW! I added to two positions this morning because the prices were looking good to me---now.
You, on the other hand, appear to be thinking in terms of taking an action that will be as a new suit for your portfolio. I gather it's similar to enlarging your wardrobe and you expect to make good use---and more permanent use---of the changes you make.
Being a full-time (and a half!) investor, I'm always plugged into things relative to my stock holdings. That translates into being ready to effect changes on dime-time. So, then, for me at least, percentages don't count for much as they define my exposure to risk. In other words, I'm not a conservative market player. And I'm not suggesting you are, either, for you may simply be allocating differently than I due to need.
In the end, I routinely work things out so that I've got $40K to $50K coming in via distributions and dividends. That plus wifely income (retired lady) and IRAs make for handsome living conditions. However, and this may define the greatest difference of all for you and me---I always do far better income-wise through trading and capital appreciation than I do through MLP "allowances."
You ask if your NGL exposure is "...off here?" Only you can answer that for only you know the circumstances driving you to do as you do. Being as adept and probative as you certainly are as can be readily evidenced by reading your comments, my hunch is that you're being more careful than I would be---but in your life-situation I might well do exactly as you're doing!
Bottom line:
Do as YOU are comfortable and happiest doing! There can be no worthwhile challenge to living gracefully. It's our number 1 goal.
Thank you for pushing me as you have through your post. You've got me thinking hard and reassessing my own stance. That invites growth.
Recent NGL News
- NGL Energy Partners LP Announces the Payment of All Outstanding Distribution Arrearages for Class B, Class C and Class D Preferred Units as of Payment Date April 25, 2024 • Business Wire • 04/09/2024 09:15:00 PM
- NGL Energy Partners LP Announces Sale of the New Mexico Ranches • Business Wire • 04/05/2024 04:46:00 PM
- NGL Energy Partners LP Announces Cash Distribution of 55.4% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units • Business Wire • 04/04/2024 10:26:00 PM
- NGL Energy Partners LP Announces Status of Investor Tax Packages • Business Wire • 03/04/2024 09:45:00 PM
- NGL Energy Partners LP Announces Third Quarter Fiscal 2024 Financial Results • Business Wire • 02/08/2024 09:33:00 PM
- NGL Energy Partners LP Announces Cash Distribution of 50% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units • Business Wire • 02/06/2024 10:33:00 PM
- NGL Closes $2.9 Billion Debt Refinancing Transactions and Amends and Extends Asset-Based Revolving Credit Facility • Business Wire • 02/02/2024 05:55:00 PM
- NGL Energy Partners Announces Earnings Call • Business Wire • 01/30/2024 09:45:00 PM
- NGL Energy Partners LP Announces Pricing of $2.2 Billion Offering of Senior Secured Notes • Business Wire • 01/25/2024 09:58:00 PM
- NGL Energy Partners LP Announces $2.1 Billion Offering of Senior Secured Notes • Business Wire • 01/23/2024 09:35:00 PM
- NGL Energy Partners LP Announces LEX II Large Diameter Pipeline Supported by New MVC and Extension of Acreage Dedication • Business Wire • 01/22/2024 11:30:00 AM
- NGL Energy Partners LP Announces $700 Million Senior Secured Term Loan Facility and Provides Financial Update • Business Wire • 01/17/2024 10:48:00 PM
- NGL Energy Partners LP Announces 2023 Open Season for Grand Mesa Pipeline Starting December 6, 2023 • Business Wire • 12/06/2023 11:30:00 AM
- NGL Energy Partners LP Announces Second Quarter Fiscal 2024 Financial Results • Business Wire • 11/09/2023 09:23:00 PM
- NGL Energy Partners Announces Earnings Call • Business Wire • 10/20/2023 10:30:00 AM
- NGL Energy Partners LP Announces First Quarter Fiscal 2024 Financial Results • Business Wire • 08/09/2023 08:39:00 PM
- NGL Energy Partners LP Announces Availability of its 2022 Schedule K-3s • Business Wire • 08/01/2023 10:30:00 AM
- NGL Energy Partners Announces Earnings Call • Business Wire • 07/19/2023 10:30:00 AM
- NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2023 Financial Results; Guidance for Fiscal 2024 • Business Wire • 05/31/2023 08:37:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM