5 year Market Outlook opinions
10-26-2021, 07:39 PM
#221
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,616
Thanks for the reminder, that is on my short list of purchases before the end of the year.
10-27-2021, 06:23 AM
#222
Gets Weekends Off
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,908
10-27-2021, 10:10 AM
#223
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,544
One of the "best performing" stock markets in the world recently was Venezuela...as measured in its rapidly devaluing currency. Its possible for markets to "crash up" in currency denominated increments while losing value and wealth. To then introduce a devistating scheme to tax "unrealized" gains, not indexed to inflation on top of it, while increasing existing inflation, while raising the rates on top of that, would transfer mass amounts of real wealth out of the hands of the middle and upper-middle class and into the hands of the uber rich (and government).
You very well may have some stellar stock picks (etc) and good for you if you do. But what's being seriously proposed will be devastating to anyone that's not uber rich.
10-27-2021, 10:42 AM
#224
Gets Weekends Off
Joined APC: Dec 2007
Posts: 5,602
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services. It operates 21 natural gas processing facilities located in Colorado, Louisiana, Mississippi, New Mexico, Texas, and Wyoming; NGL pipelines; NGL fractionation facilities; NGL and related product storage facilities; and NGL marine terminals. The Crude Oil Pipelines & Services segment operates crude oil pipelines; and crude oil storage and marine terminals, which include a fleet of 310 tractor-trailer tank trucks that are used to transport liquefied petroleum gas. It also engages in crude oil marketing activities. The Natural Gas Pipelines & Services segment operates natural gas pipeline systems to gather, treat, and transport natural gas. It leases underground salt dome natural gas storage facilities in Napoleonville, Louisiana; owns an underground salt dome storage cavern in Wharton County, Texas; and markets natural gas. The Petrochemical & Refined Products Services segment operates propylene fractionation and related marketing activities; butane isomerization complex and related deisobutanizer units; and octane enhancement and high purity isobutylene production facilities. It also operates refined products pipelines and terminals; and ethylene export terminals, as well as provides refined products marketing and marine transportation services. The company was founded in 1968 and is headquartered in Houston, Texas.
Ticker EPD. Traded on the market an very liquid yet it’s an MLP that provides similar tax benefits to Real Estate. Purchase 100k of EPD you’ll receive approx $7,000 a year in distributions that for tax purposes are not income but “Return of Capital”. EPD and MLPs in general are not appropriate investments for Retirement accounts. Brokerage accounts only.
Here’s an excellent place to start you due diligence:
https://www.simplysafedividends.com/...tnerships-mlps
Sorry I made it confusing. I quoted Gunfighter’s entire post when my response was only in reference to:
Ticker EPD. Traded on the market an very liquid yet it’s an MLP that provides similar tax benefits to Real Estate. Purchase 100k of EPD you’ll receive approx $7,000 a year in distributions that for tax purposes are not income but “Return of Capital”. EPD and MLPs in general are not appropriate investments for Retirement accounts. Brokerage accounts only.
Here’s an excellent place to start you due diligence:
https://www.simplysafedividends.com/...tnerships-mlps
I don't think you're getting his point.
One of the "best performing" stock markets in the world recently was Venezuela...as measured in its rapidly devaluing currency. Its possible for markets to "crash up" in currency denominated increments while losing value and wealth. To then introduce a devistating scheme to tax "unrealized" gains, not indexed to inflation on top of it, while increasing existing inflation, while raising the rates on top of that, would transfer mass amounts of real wealth out of the hands of the middle and upper-middle class and into the hands of the uber rich (and government).
You very well may have some stellar stock picks (etc) and good for you if you do. But what's being seriously proposed will be devastating to anyone that's not uber rich.
One of the "best performing" stock markets in the world recently was Venezuela...as measured in its rapidly devaluing currency. Its possible for markets to "crash up" in currency denominated increments while losing value and wealth. To then introduce a devistating scheme to tax "unrealized" gains, not indexed to inflation on top of it, while increasing existing inflation, while raising the rates on top of that, would transfer mass amounts of real wealth out of the hands of the middle and upper-middle class and into the hands of the uber rich (and government).
You very well may have some stellar stock picks (etc) and good for you if you do. But what's being seriously proposed will be devastating to anyone that's not uber rich.
10-27-2021, 11:50 AM
#225
Gets Weekends Off
Joined APC: Jun 2015
Posts: 1,760
MLPs and their K1s can be a big pain to hold outside of your retirement account when tax time comes. Sometimes they can really nail you, be careful.
10-27-2021, 11:52 AM
#226
Gets Weekends Off
Joined APC: Jun 2015
Posts: 1,760
I don't think you're getting his point.
One of the "best performing" stock markets in the world recently was Venezuela...as measured in its rapidly devaluing currency. Its possible for markets to "crash up" in currency denominated increments while losing value and wealth. To then introduce a devistating scheme to tax "unrealized" gains, not indexed to inflation on top of it, while increasing existing inflation, while raising the rates on top of that, would transfer mass amounts of real wealth out of the hands of the middle and upper-middle class and into the hands of the uber rich (and government).
You very well may have some stellar stock picks (etc) and good for you if you do. But what's being seriously proposed will be devastating to anyone that's not uber rich.
One of the "best performing" stock markets in the world recently was Venezuela...as measured in its rapidly devaluing currency. Its possible for markets to "crash up" in currency denominated increments while losing value and wealth. To then introduce a devistating scheme to tax "unrealized" gains, not indexed to inflation on top of it, while increasing existing inflation, while raising the rates on top of that, would transfer mass amounts of real wealth out of the hands of the middle and upper-middle class and into the hands of the uber rich (and government).
You very well may have some stellar stock picks (etc) and good for you if you do. But what's being seriously proposed will be devastating to anyone that's not uber rich.
10-27-2021, 03:23 PM
#227
Gets Weekends Off
Joined APC: May 2015
Position: Power top
Posts: 2,960
Google Jack Utsick. I flew with many a Delta pilot who lost their shirts. KISS.
10-28-2021, 07:15 AM
#228
Gets Weekends Off
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,908
So if you keep an MLP in your Fidelity Brokerage Link account, do you have to include any distributions on your tax return? Or is it like dividends? I would assume as long as it stays in your Fidelity account and not withdrawn you do not.
10-28-2021, 07:30 AM
#229
Gets Weekends Off
Joined APC: Apr 2018
Posts: 3,238
I have to pay taxes on dividends from my vanguard brokerage account. So I typically try to keep high paying dividend stocks in Roth or retirement type accounts and put stocks like BRK, which doesn't pay a dividend, in my vanguard brokerage account.
But I'm definitely not a tax expert
10-28-2021, 07:53 AM
#230
Banned
Joined APC: Jul 2021
Position: Flying and fixing cars
Posts: 158
Whatever you do, keep MLPs and, to a lesser extent, REITS inside of tax-advantaged or tax-free accounts. These investments do not serve you well in a typical brokerage (taxable) account because of the dividend structure that gets paid out.
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