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“PGH is up 33% YTD, yields 6.4%. EVEP yields 7.96%, LINE 7.33%. ”
dibs, there’s a new MLP mutual fund, MLPDX. Yields about 7% and pays dividends monthly. Problem with MLPs in a tax-advantaged account (which is where I’m at) is you can only have a grand or two in dividends before you run into K1 problems. On the surface this is a great alternative… no K1s, and monthly income.
Problem is this turkey has a massive front end load, I think around 7%. Still, I’ve bought some to see how it goes.
Other problem perhaps is MLPs have had a helluva run, many of mine were up 50% and more for the year as investors scramble for safe yield.
I think the same outfit (steelpath) has an MLP ETF too.
I have no idea what the net migration numbers are for the whole city Dona, but just go to any of these neighborhoods I’ve mentioned and look around and compare to the way they were 10 years ago and you shouldn’t need any statistics to confirm what is plainly obvious.
Lech: do you anticipate any changes re baby boomer retirement? I understand that we’re not welcome by many but in many ways NYC is a great place for retired folk and empty nesters. Some of my friends have left, mostly for Maine, but others are moving in or staying. I don’t know anyone who’s interested in a true isolated retirement community.
“PGH is up 33% YTD, yields 6.4%. EVEP yields 7.96%, LINE 7.33%. ”
dibs, there’s a new MLP mutual fund, MLPDX. Yields about 7% and pays dividends monthly. Problem with MLPs in a tax-advantaged account (which is where I’m at) is you can only have a grand or two in dividends before you run into K1 problems. On the surface this is a great alternative… no K1s, and monthly income.
Problem is this turkey has a massive front end load, I think around 7%. Still, I’ve bought some to see how it goes.
Other problem perhaps is MLPs have had a helluva run, many of mine were up 50% and more for the year as investors scramble for safe yield.
I think the same outfit (steelpath) has an MLP ETF too.
“in many ways NYC is a great place for retired folk and empty nesters.”
Absolutely! I have ZERO interest in retiring to the country/burbs! I want/must be able to walk to a store for basic groceries.
Thanks Jester. I read the entire Wikipedia entry when I googled “sociology” the other day so I’m pretty much a sociologist now.
Pete, I know the frustration. That’s (part of) why I love having BH around. He “gets” that stuff, and hooks it all up for me!
If you want, I can ask him if he has an idea about how to do this, and ask him to email you. (Remind me of your email addy.)
I have no idea what the net migration numbers are for the whole city Dona, but just go to any of these neighborhoods I’ve mentioned and look around and compare to the way they were 10 years ago and you shouldn’t need any statistics to confirm what is plainly obvious.
Lech, your sociological observations are a delight to read today.
Lech: do you anticipate any changes re baby boomer retirement? I understand that we’re not welcome by many but in many ways NYC is a great place for retired folk and empty nesters. Some of my friends have left, mostly for Maine, but others are moving in or staying. I don’t know anyone who’s interested in a true isolated retirement community.
I know nothing about settings. I hate gadgets and electronics and all this garbage. Amazes me that people care about this stuff and follow it.
You’re welcome, Rob.