Thread: Investing 102
View Single Post
  #4503  
Old 10-15-2014, 07:05 PM
WSSix WSSix is offline
Lateral-g Supporting Member
 
Join Date: Nov 2008
Location: Dunwoody, GA
Posts: 6,555
Thanks: 1,436
Thanked 828 Times in 626 Posts
Default

I'm a little uneasy with the pull back that's occurring as well. Mainly because I'm just not sure what to do with a couple stocks. KMP is a big one that I'm really not sure if I should pick up more shares in it knowing that it is going to be bought soon. I won't be getting rid of any of my shares but should I buy any more? I honestly don't know how to approach it since it will be rolled into KMI soon. This one may be beyond the scope of Investing 102 though.

OXY is going to suck for a while longer simple as that really. I'll add some more there I do believe and just ride it out. If I owned any of the other big oil companies I'd be doing the same thing.

My last oil stock is an MLP as well. It was and still is a gamble so there's not a lot of money invested there. It is so cheap that I really think I should spend some more on it and just see what happens. The dividend is well over 10% now because of the price drop. So yeah, decisions decisions. I'm glad I'm in this for the long run.
__________________
Trey

Current rides: 2000 BMW 540i/6 and 86 C10.

Former ride: 1979 Trans Am WS6: LT1/T56, Kore 3 C5/6 brakes, BMW 18in rims
Reply With Quote