We're talking about roughly $20K yearly.
I don't think it's smart thinking that way, frankly. Nothing is forever and MLPs will be in favor one day, out the next. A smart investor looks for opportunities as you're doing but he also should be aware that there's always going to be a precarious nature to holding any pick longer than the day it's acquired. That said, why not enjoy the fact that you've got a load of AMZA at this moment. It's an income producing vehicle. And while you may be able to sustain yourself on the income it produces, that will change if holdings within the pick prove to be wobbly.
This is probably a matter of investing style more than anything else but I'd caution against engraving anything in stone. What you see today too often fails to factor in to how things appear tomorrow. This is part of every investor's ongoing battle as he hopes to determine things real versus something else. Sometimes realities last no more than minutes or a day. When momentum seems to be ganging up in favor of representing a solid change for the worse or better, watch out! It's very likely as not to be a mental game foisted on us by high frequency trading machines acting without emotion.
This morning I added 700 units of NGL. All orders filled at well beneath $12.00---an average of about $11.90. It closed today at $12.30 so on the surface it looks like I made good buys today, right?
How much you wanna bet I end up in the red paint area tomorrow?
This is how things work. Just when it looks like we're positioned to enjoy solid footing, a fresh earthquake roars onto the scene disrupting everything in sight. This is why I'm building positions in ALDW and NGL largely for next year. I'm thinking some of today's energy-related uncertainty will have resolved and hopefully demonstrate greater clarity.
AMZA is fine but only for now and perhaps the rest of this year and even m\next year. But I won't bury myself in the lap of AMZA when I see opportunity in individual stocks that are the type of picks included in AMZA. There's opportunity to ride an enormous wave of momentum reversing itself and I don't want to be reaching for a 20% yearly when I see opportunity to capitalize on both the income via distribution side plus capital appreciation.
It's just stylistic difference, I think. It all works. Or it doesn't. lol
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