February 19, 2015

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My always wrong crystal ball was…well…wrong again.  I was convinced that the idiots at the Fed would be raising rates.  But yesterday they indicated hesitation.  With this lousy economy people were wondering how the Fed could justify an increase.  And now they are talking patience.  Just goes to show you haw difficult this financial game really is.

I suggest that you continue holding the positions in our Core Portfolio.  (If you are holding municipals, utilities, long term bonds and other interest rate sensitive investments you can hold them but be aware you will eventually get hurt and you need to have sell limit orders in place.


I continue watching EPD for a buy.  Pasted below is come information which was posted in  EPD is a toll taker in the oil transportation business and yields 4%.

EPD is one of those popular income investments that every financial planner in the dividend arena holds.  I consider it a safe and conservative pick for yield.  It appears we will be able to buy EPD very cheap and we like to buy stuff when it’s on sale!!!!  (EPD goes in your taxable account.)

Just for the fun of it I am placing a buy limit order at $31.00.  We might get lucky and buy this thing cheap if it takes a dump.  The price today is $33.50.  WMB is also a buy.

Headquartered in Houston, Texas, Enterprise Products Partners is the largest publicly traded master limited partnership (MLP) in the United States. It boasts a diversified business mix that includes natural gas pipelines, offshore production platforms, oil pipelines and even tank barges. The company provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLS), crude oil, petrochemicals, and refined products in the United States and internationally.


 mmmm I didn’t know this:

Since 1980, there have been 12 times that oil prices saw a drop of more than 40% in a six-month period, based on research done by Price Asset Management. The data table shows that prices tend to rebound about three months later and continue to climb.

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