Replies to post #821 on Enterprise Products Partners LP (EPD)

[pete807]

Your plan is flawless, Tom. Clearly born of long knowledge of the company.
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