[GregWeld]

Real world "buying" regarding above question and answer about "when to buy".


Nobody knows. You'll never know. If you do -- you'd be the richest man in the world... the info would be priceless. I've never gotten it "perfect". I just do what I think is "okay".


I know energy is horrible - getting killed - might very well go lower.... I also know that September and October are ALMOST ALWAYS horrible months in the market. I stash some cash HOPING they are!! WTF.... it's like knowing you need sheets and you know every August all the stores have big white sales. Might as well get excited about the fact that you'll be allowed to put some money to work. Money sitting around is on vacation... a short vacation is okay -- but you can't let it sit around too long.


I bought 2000 shares of Energy Transfer Partners (ETP) at almost $59.... I bought 2000 more at $58.50.... I bought another 1000 at $58

I just bought another 5000 at $55.40

It might go to $50.... I don't know. I can't possibly know. But the yield on this is nearing 7%... and my average will yield near 6.74% (I haven't done the math - I just did the math and the 6.74% is my yield on my average cost). I'm done building this position. I will now sit back and collect the dividend at a respectable return. That's the best I can do.