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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Harshu Vyas who wrote (74747)	12/31/2023 10:46:52 AM
From: Elroy	Respond to of 78764

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.

To: Harshu Vyas who wrote (74747)	1/1/2024 1:46:02 AM
From: Spekulatius	2 Recommendations Recommended By E_K_S Harshu Vyas Respond to of 78764

A Buying MLP is a tax nightmare for foreign investors. Don’t do it. It’s only worth it, if you have a large portfolio and you can hire a specialized accountant who can deal with taxes on this matter. 12 trades I still a lot for a small concentrated portfolio. I would shoot for maybe 4 or even 2 trades (one buy, one sale).

To: Harshu Vyas who wrote (74747)	1/1/2024 7:11:55 AM
From: Madharry	2 Recommendations Recommended By E_K_S sjemmeri Read Replies (1) \| Respond to of 78764

Here are my 3 cents: I have survived multiple 25% declines in my stock portfolio, not happy about it but in the short term its a popularity contest. even Buffet will tell you that Berkshires share price had gone down by 25% multiple times. One of the reasons i like reits is because the company is compelled to make a distribution to investors.as long as they are profitable and that will cushion portfolio declines which are inevitable. Spoke to a guy yesterday who exited the stock market 20 years ago and never came back. He had invested most of his money in Worldcom a very famous fraud that took down a lot of savvy investors. That is why you have to be diversified and cant put your money in one stock or industry that would cripple you if there is a massive fraud or black swan event. You cant believe anyone. Always be cautions and skeptical about projections especially rosy ones.