Born in 1934; retired lawyer; full time investor. I analyze investments on an after tax basis. I have both taxable and tax deferred accounts.The investments in my currently taxable accounts are generally tax deferred midstream MLPs.. The investments in my qualified retirement plans are currently BDCs.
Long only, usually with 5+ year hold expectations. "Measure twice, cut once." Mostly equities, though some distressed debt. Attracted to perceived deep value, or very out of favor investments.
As of 2017: Overweight in publicly traded partnerships due to perception they trade at a discount due to tax complexity and the fact that I loaded the boat with MLPs when they crashed in early 2016. Own some of the alternative asset manager LPs like Blackstone and KKR. Now that I own these partnerships, they truly have a forever holding period for me, so hope I picked wisely.
Also overweight in diversified shipping stocks.
Starting to get attracted to solar survivors and beaten down big pharma. Hoping the cheap stuff gets cheaper in 2017.
Portfolio Manager and Research Analyst at Opus Capital Management. Opinions I express here are my own and should not be construed as reflecting the viewpoints of my employer.
Retired. Publishing 33 years in Chicago. Invest in dividend-producing stocks almost exclusively. Energy companies mostly in MLP's for oil, gas, coal, & pipeline companies, some shipping , & BDC's. Municipal bond funds for monthly income. Bonds in portfolio when yields were high. Follow SA daily.