I trade daily but not EPD,... rarely too, considering it more like a bank than a play.
My sells are set too high out of selling range to prevent borrowing @40 but I will buy LIFOs in the 24s.
EPD is the core of my stocks, 30% of my portfolio. and has a $16 (book) cost basis. But with 100% capital returned on most shares, distributions are taxed at long term 15%. Heir's get stepped up basis.
I have been very lucky to find a few others to turn my brokers head and call me with 266% portfolio gain in the last 2.5 years. He said he has a lot of clients that do not know how to take profit. I get that. It takes years of study to improve your plan. For a long time I held only MLPs., paid very little tax.
I keep complete transaction records on each ticker in.winner/loser file. it is a full time job.
For anyone wondering if they should invest, change you question to when, depending on your time horizon. I am 72 yrs young. 4 times a year this cycle is repeated leading up to and flowing a solid safe distribution.
Thanks for posting.
-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-
Recent EPD News
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