Hi O.J. and Welcome. Re: Questions.............................
1) My EPD position started with about 20% held in reserve as cash and 80% invested. I will also been keeping the maximum cash build-up to around 20% overall as prices increase and AIM continues to sell. Since I bought EPD for income, I don't want to sell too much of it and move to a lower yield in cash.
2) I'm currently using 10% of Portfolio Control as the minimum trade size. That way I'm getting a nice LIFO gain from a Buy to a Sell and that helps compensate for the loss of income from shares.
3) I'm using 10% Buy SAFE and zero Sell SAFE for my position and have from the start. I also add 5% to the Buy SAFE with each sequential buy. If the buying is interrupted with a Sell, then I take the Buy SAFE back down.
If you started at 10% buy SAFE and had three sequential buys afterward you'd be up to 25% Buy SAFE. That helps to keep that 20% maximum cash level from being used up too soon and with not enough discount. This isn't necessary if you are going to let the Cash Reserve rise as high as it might during a long bullish run.
4) As much as I love EPD personally, you would probably like having a more diversified income portfolio than just it. A good REIT could be a second position and a Corporate Convertible Bond Fund could be another. Each would follow a slightly different part of the interest rate cycle as well as the economic cycle. So you get some buffering that way, too.
Hope this helps,
OAG Tom
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