LS (Li'l Shit) is just 40 inches at the shoulder. I weigh 185 and I'd hurt him if I were on his back.
But I love the suggestion that we all get together. This is such beautiful country here! And there's restaurant we love so much---great food and $10 gets you the buffet. Incredibly cheap for high quality.
It's the scenery that is so gorgeous---mostly flat land, sculpted by laser technology for evenly terrained farming purposes just now converting to urbanization. We love it here---especially in March when the orange and grapefruit trees blossom---their fragrance is enough to drive us crazy with joy.
We do have several horses you guys could ride, plus a bigassed donkey named Mo. He's a trip, very smart and kind, too.
The goats are ridiculously funny, full of antics. And then there's the wild birds I feed daily. They don't know they're birds as I call them for breakfast by reminding them they are fish. So I'm yelling, "Hey, Fish! Come an' get it---breakfast is on, get it while it's hot."
I've seen anything from a couple of dozen to several hundred wild fishes congregating for the mixed seeds every morning...grackles, house sparrows, ring necked doves and red-winged blackbirds in season*. Great fun.
*No, not that type of season! I don't know about their mating habits. However, this past several months we've had more doves than ever before and we're thinking it's because I feed them. They line up every morning around 8am, knives and forks in their wings.
And two heelers that will love you to death...wonderful animals---Australian dogs, for the uninitiated.
A word about this coming week:
The pressure to secure distributions via NGL is off as the door to add to our positions effectively closed as yesterday's session wrapped things up for the quarter. But we might look towards the week coming and consider what may develop.
The drops in NGL valuation had nothing to do with anything company-specific, that's for sure. We know the distribution is coming and exactly what it will be. So there's no guesswork and no reason to be looking over our shoulders, fearful that we may have missed some terrible news.
So now e sit back and enjoy the ride. We've paid our dues and can now look forward to finding the investing community at large wishing to come on board. I'm betting there's a lot of excitement coming our way.
On Monday I'll be watching EPD and ETP very closely, Those are the only two I'll consider picking up now that NGL is tucked away safely. I'm limiting myself to these two possible purchases as I am currently using $145K in margin and I'll be favoring ETP as it's yet to go ex-distribution a week from here. EPD went ex already but if priced cheaply enough, I would happily add.
A word about margin as a number of others here use it as do I.
At this moment, my portfolio is bringing in $63,000 in passive income per year. Margin interest on the $145,--- borrowed comes to $8.265 per year. So for roughly $700 per month I get to enjoy a monthly income of $5,250. And as that paycheck comes in, it goes directly to reduce my debt.
That's one face of a two-sided coin. The other side is especially interesting as I always put capital appreciation before other considerations. Over the past three years, trades have accounted for a full 80% of my stock market income. That means distributions and dividends can be expected to be dramatically outweighed by strong sales of profitable picks.
Should we find NGL reaching $20 by June, I'll thn shift focus to September, hoping to find we're nearing $25. If that comes to pass, then I see $30 at year's end.
When we get to $25, I expect to sell a couple of thousands of units as that would be my style...as in taking advantage of appreciation-based trades.
A word to this board: You have my word on this---I will not put a single unit up for sale without first giving notice of my intention within no more than a few minutes of doing so. If NGL spurts up, say, from $26.25 to $28.10 one day in November, I might let go of three thousand units just like that. My low cost basis makes it the wisest possible trade regardless of higher projections. And it's just 10.5% of a partial liquidation.
The other item I'll bring up---if we hit $25/NGL unit this year as projected, I'll joyfully put some cash into any effort to get together here in my neck of the woods. This ride of ours has been incredible for all of us, not just you guys. Old people are typically thought of as unable to fend for themselves, to forage successfully, and to have long ago put up their gloves and given in to senior age and withering days and nights.
JoAnn and I don't fit the mold. We love our lives, busy as they are and demanding as our family of animals are of our time and resources. We are physical people and always laughing and playing, rejoicing in life around us and in the lives of those we know and treasure.
So, if this comes off as we're talking, I'll help with motel accommodations and/or whatever else will help make this a memorable experience for all of us---wives/partners/ & or husbands included most definitely.
Last item on my mind:
We are as perfectly poised for profitability as I could ever imagine---right now! Sure, the coming week may well pose some disappointing days. So? We'll get through them easily by reminding ourselves this is the process by which we are going to discover Easy Street. There's nothing to be afraid of so long as we keep our eyes on the prize.
This is going to be the ride of a lifetime!
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