That was a good article. I agree with him about the tech and banking stocks. I don't care to follow or know enough about the sectors to get involved. Way too risky in my mind. Plenty of other sectors out there to choose from and still be diversified.
I've decided to take a gamble on a stock. It's only a small gamble and won't hurt me really if it fails but all indications are that it will be ok even if it's not a huge return. Considering I'm not trying to get rich quick with any of this, I figure why not try. It could work out well and I think I'm being conservative enough with my other selections so as not to be in risky territory. The company is Mid Continent Energy Partners(MCEP). They are a new company but are being run by experienced people. I'm interested in them for a few reasons. They are run by experienced people gives me piece of mind, they have a $0.50 per share dividend, the share price is low so I get more buying power with the dividend payment, they've increased their dividend twice already, and they are bringing in the petroleum like they predicted. They are a partnership like KMP so I did this under my Roth IRA to shield my tax liability. So we'll see what happens. Maybe it'll be a barn burner and I can retire after a few more years because of it
Yeah, right. Regardless, I think it'll turn out alright.