Investing 102

[68Cuda]

Originally Posted by GregWeld

Ditto oil --- I'd prefer to own the infrastructure plays (the pipes/storage). Versus the guys that have to drill - risk capital to find more - or have to play the pricing game. THEY ALL have to use the pipes so I invest in pipes. :>)
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I once looked into the tanker business as an investment, really good returns, but some risk obviously considering your investment vehicle is literally a vehicle... and you hope that it stays afloat, also in the literal sense. There were some that had crazy returns where you were literally buying shares of ONE ship.

[GregWeld]

Originally Posted by 68Cuda

I once looked into the tanker business as an investment, really good returns, but some risk obviously considering your investment vehicle is literally a vehicle... and you hope that it stays afloat, also in the literal sense. There were some that had crazy returns where you were literally buying shares of ONE ship.

I have tankers ---- KMI owns Oil Tankers (under the KMP umbrella which is being converted to KMI shares).... and I own Dry Goods ships via Navios Marine Partners LP (NMM). They own 33 dry goods ships. I like to mix the high dividend payers in with the steady eddies and frankly my holdings allow me to do this and still sleep at night. However - I keep the percentage invested in the high div payers to a far lower amount. For instance I own just shy of half a million dollars each worth of NMM (25,000 shares) and NLY (40,000 shares).... versus 1.5 to 2MM in my more "normal" names like an AT&T or a MO or BPT etc. Although I recently halved my holdings in BPT it's still a large holding.

I usually refrain from mentioning too many of my holdings because I don't want people to think - well WELD has that so I should too! That would be the completely 100% opposite of what I would like to see from this thread. Don't own what I own and why I own it.... own what YOU want to own and what YOU understand. I mention when I don't own something because I don't understand it. There is NOTHING wrong with admitting you don't understand something therefore you avoid investing in "it". That's as it should be!

[68Cuda]

Originally Posted by GregWeld

I have tankers ---- KMI owns Oil Tankers (under the KMP umbrella which is being converted to KMI shares).... and I own Dry Goods ships via Navios Marine Partners LP (NMM). They own 33 dry goods ships. I like to mix the high dividend payers in with the steady eddies and frankly my holdings allow me to do this and still sleep at night. However - I keep the percentage invested in the high div payers to a far lower amount. For instance I own just shy of half a million dollars each worth of NMM (25,000 shares) and NLY (40,000 shares).... versus 1.5 to 2MM in my more "normal" names like an AT&T or a MO or BPT etc. Although I recently halved my holdings in BPT it's still a large holding.

I usually refrain from mentioning too many of my holdings because I don't want people to think - well WELD has that so I should too! That would be the completely 100% opposite of what I would like to see from this thread. Don't own what I own and why I own it.... own what YOU want to own and what YOU understand. I mention when I don't own something because I don't understand it. There is NOTHING wrong with admitting you don't understand something therefore you avoid investing in "it". That's as it should be!

Well I definitely do not have your resources! Therefore I will stay on the conservative side, thank you very much! I felt the tanker thing had a little much risk for my blood and I did not feel comfortable because I did not fully understand it - so I stayed away. Even though I am a much smaller fish, or relatively speaking, maybe a minnow, I share the same thought process in that I WILL NOT invest in something I do not understand. Thanks for being so open and forthcoming.