So I'm just a 39 Year old guy trying to set up his retirement. I don't have much in the pot, yet. But at what point might some one realize they are throwing good money after bad?
Example. I bought into BPT early last year. At like 85 bucks. Today its at 48. I bought a bunch more at like 59. I have had a nice dividend improvement. So when oil comes back it seems I will have more shares. I'm getting ready to buy some more shares this month with me monthly payroll contribution. And I wonder should I buy more shares or is there a point you hold out for what you have.
I live in oil country and it sucks here currently. So its not just BPT that is struggling. My KMI and NBR is struggling. They have not recovered and continue to drop.
Can you give us some more lessons on the different evaluation numbers you talk about? Where exactly to find them.
I know oil will come back, it has to. But is there a point of just waiting it out more even though you can't time the market. I know the previous high was alot higher then 85 I can get my money back and more some day maybe in a long long time. Which is the plan anyway. Right?
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