patrick.net

I’d be careful with ARLP, I unloaded at $20 and it’s been in free fall despite the dividend.

I don't own much and have been trading in and out of it for the past 2 years while picking up dividends and 1-3% gains here and there. It's only recently that I've gone into the red. I think energy in general is not looking good in the near future.

Altria has been beaten down due to the negative sentiment related to vaping. Their revenue seems poised to grow from Juul and their new fda approved iqos product. Once people realize those that were dying were inhaling black market products, it should recover and still payoutbits current 8.5 percent dividend

None. The market still has good legs and I expect select (profitable or soon profitable) small caps to continue to outperform til I see recession signs.

I believe this is around the level that Ducky bought in at. As always, these are distributions (not dividends) and one of the reasons why MLPs can be tax efficient in trusts. Has anyone ever tangled with a K-1 while doing their own taxes? It's one of the reasons I've been reticent to buy outside of a retirement account.

EBGuy says

I believe this is around the level that Ducky bought in at. As always, these are distributions (not dividends) and one of the reasons why MLPs can be tax efficient in trusts. Has anyone ever tangled with a K-1 while doing their own taxes? It's one of the reasons I've been reticent to buy outside of a retirement account.

AFAIK you don't have to do anything for the K-1 until you take a distribution. Just keep it for your records every year. Doesn't seem to be too hard.

btw. I hope nobody got stuck with or jumped into the pot mania. Too lazy to bring out the old thread but I cautioned against those heavily, most of them are down to 1/4 - 1/10 of former values. Crazy! lol tlry at $20... Weed was a big trap, too much productions and yuge margin pressure coming, probably also consolidation, so at least there may be a few buyouts/mergers.

mell says

btw. I hope nobody got stuck with or jumped into the pot mania. Too lazy to bring out the old thread but I cautioned against those heavily, most of them are down to 1/4 - 1/10 of former values. Crazy! lol tlry at $20... Weed was a big trap, too much productions and yuge margin pressure coming, probably also consolidation, so at least there may be a few buyouts/mergers.

The cheerleaders of pot stocks (and bitcoins) have completely disappeared from the site. It's awfully quiet compared to all the noise they were making not so long ago.

Arm_HK_now says

mell says

btw. I hope nobody got stuck with or jumped into the pot mania. Too lazy to bring out the old thread but I cautioned against those heavily, most of them are down to 1/4 - 1/10 of former values. Crazy! lol tlry at $20... Weed was a big trap, too much productions and yuge margin pressure coming, probably also consolidation, so at least there may be a few buyouts/mergers.

The cheerleaders of pot stocks (and bitcoins) have completely disappeared from the site. It's awfully quiet compared to all the noise they were making not so long ago.

Ah yes forgot bitcoin as well. Not much hype left there either after libra was abandoned, still probably better than pot stocks, but way too volatile anyways.

Arm_HK_now says

bitcoins

I was just about to ask about her. I noticed the same thing.

EBGuy says

anyone ever tangled with a K-1 while doing their own taxes? It's one of the reasons I've been reticent to buy outside of a retirement account.

Yeah, no big deal.

Uh, it's the reason I bought OUTSIDE my retirement account. Just used a stray brokerage account that was sitting around gathering dust. I don't think you want to buy a K-1 producing stock like ARLP using a roth anyway.

Just to be clear, outside of a retirement account, you MUST track the basis of your MLP share as once it hits zero you pay taxes at capital gains rates on distributions.

theoakman says

Altria has been beaten down due to the negative sentiment related to vaping. Their revenue seems poised to grow from Juul and their new fda approved iqos product. Once people realize those that were dying were inhaling black market products, it should recover and still payoutbits current 8.5 percent dividend

IMO buying that stock is more like gambling investing. I can speculate that Altria is going to get blamed and sued anyway, since that is all about the money.

You could always try Phillip Morris (PM). Relatively steady company with 5% dividend.

Booger says

theoakman says

Altria has been beaten down due to the negative sentiment related to vaping. Their revenue seems poised to grow from Juul and their new fda approved iqos product. Once people realize those that were dying were inhaling black market products, it should recover and still payoutbits current 8.5 percent dividend

IMO buying that stock is more like gambling investing. I can speculate that Altria is going to get blamed and sued anyway, since that is all about the money.

You can speculate all you want...they've been through decades of this legal roller coaster and they've always come out on top.

Altria now up 20% and still yielding 6%. Buying that dip was a home run.

Oxy buffet stock 8.5%
Oxydental petroleum. Issue I see is that it has pe of 28. But buffet bought 10 billion worth. It is historically low in price.

what are your thoughts guys on ATT and Verizon?

I'm looking for safe options mostly, that still have dividents.

With china agreement , Gm might sell more stocks.

GM stocks PE 6 div 4%

I've been into ATT since 30, it's returning a great dividend.

I also like Johnson and Johnson.

Kinda wishing I had picked up a couple of share when it was below $3. Hopefully the Duck Trust weathered the storm...
ARLP almost at $20 again.

EBGuy says

Kinda wishing I had picked up a couple of share when it was below $3. Hopefully the Duck Trust weathered the storm...
ARLP almost at $20 again.

Ya, I recall seeing it around 4 or 5 and considered buying, but didnt.

I did recently buy some calls on it. So far doing pretty good, but didn't really buy a whole lot.

I finally got out of ARLP just yesterday. Timely post.

mell says

btw. I hope nobody got stuck with or jumped into the pot mania. Too lazy to bring out the old thread but I cautioned against those heavily, most of them are down to 1/4 - 1/10 of former values. Crazy! lol tlry at $20... Weed was a big trap, too much productions and yuge margin pressure coming, probably also consolidation, so at least there may be a few buyouts/mergers.

Yep, growing a weed, literally. Grows faster, easier, in more places than basil or chives.

EBGuy says

I think I still have some of this. Did IWOG recommend this? I haven't checked in a year or two that account. That was around 2017 I think before he jumped ship. This is why I don't do individual picks usually. I'm too lazy to track and/or freak out if it goes down. I could have $40k sitting there and I wouldn't know.