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That's certainly what I'm up to. MLPs are on sale right now -- and they give interesting benefits (large guaranteed dividends and capital deprecation on your in
by clock_tower 11y ago
That's certainly what I'm up to. MLPs are on sale right now -- and they give interesting benefits (large guaranteed dividends and capital deprecation on your income tax forms) if you're willing to buy and hold. I'm aiming for 10 years to financial independence; I might get there in 5, with the way things are going right now.
I don't think there's much risk of bankruptcy for high-cap MLPs, and for low-cap ones the risk is priced into the stock (and then some). The price of oil has to recover sooner or later; the Saudis don't have an economy unless they have high oil prices, and they're the ones behind the current glut. Kuwait is already negotiating with OPEC and non-OPEC producers to raise oil prices again...