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Re: OldAIMGuy post# 783

Saturday, 11/12/2022 11:11:57 AM

Saturday, November 12, 2022 11:11:57 AM

Post# of 870
Hi Tom,
I do both Hold long term, and manage short term trades, as I think you do.
I consider the stepped up basis of my heirs getting EPD a crucial reason to hold the long ago capital returned. Over 25 years ago my father explained MLPs like EPD and his strategy. That was before the new verb "Kindered" was coined.... lesson there.

If there is idle cash from taking profits elsewhere I will use EPD like a bank.
The goal is to add to the core, of course. But it takes a year to get to long term where only the core is immune to selling.

I am a retired full time trader.

pete

"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-

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