Tactical asset allocation – july 2016 update

Here is the tactical asset allocation update for July 2016. If you didn’t listen to the news all month or didn’t check prices during the month then you would think it was a pretty uneventful month and overall quite a decent month for almost all asset classes. Unfortunately, like most people you probably at least paid some passing interest to…

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What’s next for MLPs?

For my first post back I want to update the last post I did before my hiatus. On Feb 10, I posted on how well the MLP sector did in January, with it being the second best January ever, and that good early year performance usually leads to strong results going forward. Lets see what the MLP sector has been…

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MLP Jan 2013 results – second best ever

Just wanted to update the January effect results for the MLP sector. As I noted in previous posts January tends to be the best performing month for the MLP sector. January 2013 ended up being the 2nd best January for MLPs ever, with a total return of 12.6% Here is an updated chart as of Friday’s close.   Hopefully, you…

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MLPs off to a rip roaring January

MLPs didn’t have their best year in 2012, being up just 4.8% on a total return basis, vs the SP500 at 16%. It was the first time in 12 years that MLPs underperformed the SP500. That makes me even more interested in them for 2013. Lets look at where MLPs stand today. At the end of Nov 2012 I wrote…

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MLPs in the bargain bin – setting up for Q4/Q1 rally

We’re in the midst of a post election, fiscal cliff sell off with the stock market trying decide which way its going to head based on every single new headline out of Washington. Its usually best to avoid getting  into this tug-of-war and wait until things settle out, unless you have a very short time frame. With that in mind…

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Kinder Morgan reports spectacular Q3 2012 Results

Kinder Morgan kicked off MLP earnings season on October 17 with a very strong report. I’ll briefly discuss the report and then discuss valuation and expected future returns for the Kinder Morgan family of companies. Kinder Morgan’s Q3 2012 earnings were very strong. The full press release is here for KMP, here for KMI, and here for EPB. A few…

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The 4 best months for MLPs

I love taking advantage of market inefficiencies or quirks; spinoff mispricings, CEF discounts, etc. Its one of the most entertaining and profitable of past times. I’ll share one with you today in the MLP sector and I hope it makes you some money in the future. Lets dive in. What if I told you the majority of historical MLP returns,…

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September 2012 portfolio review

I’ve been thinking about writing an income investing newsletter at some point….but haven’t quite committed to that concept yet. Baby steps, baby steps….so, with that in mind I thought I’d start out with a monthly commentary on the positions I hold or have held throughout the month. Feel free to comments and let me know what you think. For my…

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MLPs, Munis and the fiscal cliff

The fiscal cliff is coming and the politicians are going to let us drive right over it. At least that’s the drumbeat you hear in the financial news media. And with 5 months to go until the end of 2012 the drumbeat is picking up its tempo. With that in mind I thought it would be useful to take a…

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Beware MLP ETFs

ETFs have soared in popularity in the last few years. They are often the best, most efficient way to invest in an asset class. Closed-end funds (CEFs) are also an alternative way to own an asset class that can have advantages. But sometime these types of funds are not so great and in the case of MLPs that is certainly…

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