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  • J.P. Morgan stays defensive on top MLPs to buy in 2015 [View news story]
    Long TPZ holding a basket of the Midstream MLPs. It pays a divvy monthly. No K-1 either. Attractive Long Term CapnGain portion in the divvy.

    The CEF space offers baskets of MLPs too.
    Jan 15, 2015. 01:25 PM | 1 Like Like |Link to Comment
  • Wells Fargo & Company Still Best In Class [View article]
    Without Mark to Market as the common datum, I have NO investment in the Bank Stocks. So many Oil States Banks hurting due to Energy Lending. One more strike and Banking, as we know it, is OUT. I believe if WTI can rise to the mid $70s by April Banking collapses may be averted?
    Jan 15, 2015. 06:20 AM | Likes Like |Link to Comment
  • In Search Of Income: Municipal Bond CEFs (Part I) [View article]

    Did the new Market Crash start today?

    I added to HYD and PMO today. Municipal Bonds are a safe haven, my opinion. Last Year was a stellar Profit year from our investments in the MLP's, Upstream, mainly Midstream. Liquidated 90% in October. My April payment to Barry Sorrento will be substantial. My Tax Professional has given me the preliminary news based on Gainskeeper and other trackable Profits. I was also reminded to reemphasize the Tax Avoidance approach in my investments, so added to the Muni Space. I only manage the Taxable Funds, hired guns handle the Retirement accounts. Still only 55% invested. Looks to be a tougher year in 2015!
    Jan 13, 2015. 04:22 PM | Likes Like |Link to Comment
  • In Search Of Income: Municipal Bond CEFs (Part I) [View article]

    I am aware. The HYD ETF offers plenty of the BB. PZA offers the A's, my fav. I recall the ratings agencies coming under scrutiny in the 2009 crash. I do think the ratings are better today than in 2009. The Unrated Bond Holdings concern me a bit, but tend to support the higher UNII's for each. Puerto Rican exposure has been reduced pretty much everywhere. I compare rating on M* against CEF Connect. M* provides a "Weighted average credit rating" for each CEF and their rating is found in the B's for most of the CEFs I hold. I'm currently comfortable with leverage while rates are held down.

    What is your feel on Yellin raising rates?
    Jan 13, 2015. 11:43 AM | Likes Like |Link to Comment
  • Analyst: If EOG is the new Saudi Arabia of global oil, Devon Energy is Kuwait [View news story]
    Hockey, but it sure sounds great!
    Jan 12, 2015. 08:38 PM | Likes Like |Link to Comment
  • In Search Of Income: Municipal Bond CEFs (Part I) [View article]

    Not many in the top tax bracket brother. Our current socialist leadership knows how to keep the vote hook bated with food stamps, Pell grants, cell phones and hospitalization insurance. Tax avoidance is villified and demonized. If you have been fortunate in this life, regarding money, you are a target by those coveting. Come on Jeb!!

    Too bad most Muni CEFs in the 6% yield range are predominantly BBB rated. Life has its risks! PZA is my favorite ETF, followed by HYD. I own 30 or so of the Muni CEFs. I may be liquidating if Yellin becomes a hawk!!

    I use CEF Connect to filter on UNII and Discount.

    God Bless our United States!!!
    Jan 12, 2015. 08:32 PM | Likes Like |Link to Comment
  • U.S. Oil Shales: Still Growing Fast [View article]

    Does the rapid proliferation of electric cars have any bearing on OPEC's support of lowering oil price?
    Jan 12, 2015. 09:31 AM | Likes Like |Link to Comment
  • A Crude Oil Bottom: Where To Look For Clues [View article]

    The rapid proliferation of electric cars has got the attention of OPEC. They are searching for the oil price that makes electric cars unattractive to the gasoline burners. Will that oil price allow OPEC an acceptable profit? Domestic Oil Producers are SCREWED at theses low WTI prices, and still falling.

    There may be a future in domestic Nat Gas, maybe?

    Waiting to see where oil bottoms. OPEC in the drivers seat!
    Jan 12, 2015. 09:26 AM | Likes Like |Link to Comment
  • In Search Of Income: Municipal Bond CEFs (Part I) [View article]
    Welcomed article!!

    How are you mitigating the Risk of those States operating in the Red, like Illinois? Are you concerned Texas Bonds will be down graded due to WTI's collapse?
    Jan 12, 2015. 09:07 AM | Likes Like |Link to Comment
  • A Crude Oil Bottom: Where To Look For Clues [View article]
    How much oil do the electric cars burn?
    Jan 12, 2015. 08:33 AM | 3 Likes Like |Link to Comment
  • Leading MLPs For January: 20% Yield; 236.13% Upside; 258.3% Net Gain! [View article]
    Will be most interesting to see after one year, what one would make/lose if 1 share of each MLP was purchased today?

    Any bets?
    Jan 12, 2015. 08:29 AM | 1 Like Like |Link to Comment
  • Averaging Down: Up To My Knees In Oil [View article]

    What are your favorite Electric Utilities that burn the most Nat Gas?

    Proliferation of Electric Cars of any concern?
    Jan 12, 2015. 08:18 AM | Likes Like |Link to Comment
  • Alibaba Going Global Part III: Growth Starts At The Doorstep [View article]
    Long BABA. Walmart, JCP and other retailers will continue losing market share to those Online Marketers. I believe BABA will buy Online competition, becoming THE prominent Online Marketer, World Wide!
    Jan 12, 2015. 06:55 AM | Likes Like |Link to Comment
  • U.S. Oil Shales: Still Growing Fast [View article]
    Richard and Robert,

    You two are pointing to the most troublesome issue threatening OPEC's control over world oil pricing. That threat is based in the conversion from Oil to ELECTRICITY as a vehicular fuel. The underlying issue now is not OPEC's ruinous oil price influence in Russia, Venezuela or Iran. Instead, it is the rapid deployment of electric powered cars and the impact Electric Cars have on the deflating value of OPEC's oil.

    I would not want to be storing Whale Oil while Edison was electrifying the United States. Crude Oil is beginning a deflating environment as Electric Power displaces the Whale Oil.

    Back to reality now. OPEC's influence and wealth is gone, like whale oil. Natural Gas can become the preferred Electric Generation Fuel here in the United States. A good Energy Policy would be promoting conversions from Coal/Lignite to Nat Gas to power increasing demands on the Grid. The Domestic Natural Gas Markets appear to be the place to evaluate for investment.

    The other place for investment is in Electric Vehicles and Electric Utilities. Look at all the CARS NOW available to consumers. Yep, Whale Oil is done!
    Jan 12, 2015. 04:56 AM | 1 Like Like |Link to Comment
  • Fed's good times coming to a close [View news story]

    Our Muslim Production affiliates in OPEC influence the price of what they invest in, mainly Crude Oil. Appears they qualify as "others could fix prices on assets they owned"? It sure looks to me the speculation has it somewhat accurate with the new Cartel welcoming the affiliation with our Government?
    Jan 12, 2015. 04:33 AM | Likes Like |Link to Comment