Agree with your last comments. 100%. Don't trade.
Great!
We've also agreed I only can make 12 trades next year.
Huh, what?
Don't trade means don't trade. Why not set up your 2024 portfolio in Jan 2024, and then DON'T TRADE until Jan 2025?
Nope, I don't understand the MLP tax rules for foreign investors. However, since NGL is probably going to double in 2024, why not buy it, not sell it, and make 100%? It will probably in 2025 begin making distributions, and at that time you can just go fish and collect the pst-tax distributions?
I think that approach will beat whatever you plan to do instead, regardless of taxes for non-US citizens on MLPs. If you don't sell NGL, you don't pay a tax on the sale.
It's a cheap stock with a growing highly profitable business, that will within the next 12-24 months begin paying distributions. $1.00 per year seems very reasonable given their EBITDA, interest expense and Cap Ex requirements. And if the business does well (as it has for the past three years) the $1.00 per year will grow over time.
Fuggetabout taxes from buying and selling, just buy it and focus on cooking and playing a musical instrument. |
