Replies to post #315 on Energy Transfer Partners LP (ETP)

[jugs]

Thank you. Character counts, as the Boy Scouts maintain and you show humility.

And I concur. Am sitting with a bunch of distribution money from ETP, NGL and CEQP and weighing opportunities.

There's time for adding ETP (given that it just paid out) although I am sensing the time is near that will have people flooding into a somewhat safer MLP as evidenced by the up-ticking in energy, natural gas taking off more and more and that, of course, it's great reason to be in ETP.

DK is looking largely like a cap. app. play to me and nothing more. But that has value and certainly merits holding for now.

Something I've been doing over the past several months is accumulating cash. Sure, we're in the sweet spot right now but as anybody wearing a watch will tell you---

"Now don't last no time at all!"

So I'm at about 28% cash and daily I study what I can trim back without disturbing my income base. And, of course, I've got to have enough room in which to romp and play for the sake of fun. Interestingly, I'm finding that my fun is not at all diminished by my remaining 28% in cash. I'm leaning towards accumulating dry powder in the 30%-35% range.

It is in the nature of the human race to screw up royally. When it comes to the stock market? It's all about preparedness. This is so due to the emotional wellbeing or lack thereof that forces the weakest among us to jump off rooftops ala 1920's style.

So we know the next debacle will most surely happen. Now is the time to prepare. When the banking crisis occurred back on 2008, I was ready but even I was shocked by the money I made via GE and BOA. A month ago I jumped into CLDR and am hugely improved for it. The company was eviscerated after issuing slightly unfavorable guidance. I saw it and dove.

That's the fun, for me, at least. It's all about pacing as I see it---we build our strengths by tending to the accumulation of resources and then we wait and watch, knowing full well that the tide will turn as all tides eventually must. That 28% reserved stash is perfectly positioned for future parties. lol

Have a wonderful day! I've enjoyed putting this little piece together as it reinforces my belief that there's balance to be found in life.