RIP Joan Rivers. The funniest lady on the planet.
(Update Setp 8: Momentum is down and you should be able to buy MEMP at very good prices. I am loading up on energy MLPs, as they should be very good investments going forward.) September 4, 2014 Go to “Core Portfolio” for current holdings. BUY MEMP Memorial Production Partners an MLP. Almost 10% yield. Pay up to $22.40 in taxable account only. They are involved in a secondary offering and you can get this at a discounted price. As I always say, buy when stuff is on sale. I have been watching MEMP for over a year and today we lucked out in getting this position at a great price.
This MLP is a Delaware limited partnership that was formed to own and acquire oil and natural gas properties in North America. MEMP’s properties are located in South Texas and East Texas/North Louisiana and, subject to the closing of this transaction, California and consist of mature, legacy oil and natural gas reservoirs. MEMP is headquartered in Houston,Texas.
Here is a link if you want more information.
I am going to focus on Master Limited Partnerships going forward as I think MLPs will be LESS affected by rising interest rates in the upcoming years.
Stunning: Obama Job Approval 38%. Funny that he doesn’t seem to give a damn.