Just now got a fill for 50 units of EPD at $16.12.
How do we spell "m-e-l-t-d-o-w-n?"
The Corona virus is being held responsible for the deep dives in today's market and that may be so. But I'm guided by opportunity and today's market action spells opportunity for me.
So here I wait, watching to see if I can scrape a few more nickels together to spark highly unusual profit potentials in the near to mid term and probably well beyond. With present EPD holdings, distributions will hand me $142.00 each week. It won't take much more to take care of the food my wife and I need. And, mind you, we eat really well. lol
What an exciting day this is!
I guess a lot of people run scared when the market shows signs of being roiled as is the case today. Yet it is in the nature of stocks to rise, to fall, to resume earlier trends...etc. I don't have to go into this as I'm sure we all know how things work. So, then---the key to adding wealth here is to take a chance and spend the bucks because you know EPD is the crown jewel of MLPs. Tight balance sheet enhancements of late spell even greater security for this massive energy-related company.
Once the investing public comes to at least partially accept the fact that Covid-19 is here and it is not going away any time soon despite anything politicians may assert, I see EPD beginning to rise once again. Even sick people require energy and energy-related services such as EPD provides. And while I shudder at the thought, the fact is that hospitals, too, depend upon products and services made possible by companies responsible for energy logistics such as our company handles.
So then, in the end, expectations may have gotten out of hand recently but one thing is for sure:
That, alone, will not translate into energy no longer being important.
Thus is the absurdity of those despairing because of difficulty in handling the obvious---regardless of the net effects of the pandemic.
