4 Comments

LNCO Watch for Buy In Your IRA After May 6-Update Do NOT Buy

This blog provides comments and thoughts on the financial markets and specifically—dividend producing investments.

**********Go to “Core Portfolio” for current holdings.**********

CORE HOLDING

(Update:  DO NOT BUY DO NOT BUY)

(July Update Click Here)

(June 2013:  For Update Click Here)

(June 19 Update:  Cramer wrote an article today very supportive of LINN/LNCO.)

(June 18:  In my  opinion the tanking of LNCO is a buying opportunity.)

Comments for LNCO are the most popular in this blog.  So I am providing some updates on this holding:

First, LNCO is converting to a monthly payer (of dividends) which is good for people that want or need a steady monthly income.

(Update May 14:  Low is $37.10.  Start buying in your IRA.)

(Update May 13:  Trend is still down….lot of bad press on LNCO.  (Update May 8:  Trend is still down and now below Support.)

(Update May 7:  LNCO has dropped to $39 and the momentum is still DOWN so I would hold off on buying or adding to positions.  On Monday Cramer said he purchased LINE for his charitable trust so his viewers will probably be buying on Tuesday, driving up the price..)

Second, LNCO is going ex-dividend on May 6 and we would expect to see a price decline, possibly down to $40.  So this gives you the opportunity to buy or add at “sale” prices.  This is a core holding that you could plan on holding ‘forever’ or until we see negative news in the Company.

LinnCo, Inc. (NASDAQ: LNCO) declared a quarterly dividend of $0.725 per share, or $2.9 annualized.

The dividend will be payable on May 16, 2013, to stockholders of record on May 8, 2013, with an ex-dividend date of  May 6, 2013.

The annual yield on the dividend is 6.9 percent.

LNCO is designed for IRA accounts.  Here is a portion of my first posting:

“This is a fabulous new investment vehicle suited for people that want to put master limited partnerships in their IRA.  (For ex you have little or no investment monies in a taxable account.) Typically you do not buy master limited partnerships in an IRA.

But LNCO—(Not an MLP but shares in MLP growth—backed by LINE— IS an LLC) gives you the opportunity to place this dividend producing investment in the IRA and Avoid all the awful paperwork and tax issues at the end of the year.”

I am not an investment professional.  You must do your own research before buying any position.  All gains or losses that you realize are based on your choices.  Additional commentary is posted in the right margin under ‘Recent Posts’ and in ‘Background’ and ‘Investments’ at the top of the page.  Bookmark this blog and visit often!

Advertisements

4 comments on “LNCO Watch for Buy In Your IRA After May 6-Update Do NOT Buy

  1. […] On a longer term basis I really like the master limited partnerships.  LNCO looks good right now to buy FOR YOUR IRA.  Clik Here […]

  2. […] (See Archives in the Right Margin for April 27 Update-STILL HOLDING) (Update:  Dec 20.  I see Cramer is once again pushing LNCO)  (Update:  Dec 19.  Can add or buy at $36.93.)  This is a fabulous new investment vehicle suited for people that want to put master limited partnerships in their IRA.  (For ex you have little or no investment monies in a taxable account.) […]

  3. […] Altho the markets will probably go higher long term, maybe for years, wait for the prices to come to you ie wait for the ex-div dates which allows you to pick up shares at lower prices.  As an example, LNCO (one of my core holdings) is an MLP that is specifically designed for the IRA.  It is going ex-dividend in early May and you may be able to buy at lower prices.  See updated infor here. […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: