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Old 08-21-2015, 02:18 PM   #11 (permalink)
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Market getting killed another day...refiners getting killed...MPC is one of my favorites...

There are managed funds that beat index funds...why not go managed..
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Old 08-21-2015, 04:14 PM   #12 (permalink)
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There are managed funds that beat index funds...why not go managed..
For most of the managed funds, you actually lose more to fees than you gain by slightly beating the market.
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Old 08-21-2015, 05:52 PM   #13 (permalink)
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Fundamentally stock picking is a zero sum gain, 50% will beat the market, 50% will underperform. When you add the transaction costs it becomes more like casino odds.
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Old 08-22-2015, 06:14 PM   #14 (permalink)
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Fundamentally stock picking is a zero sum gain, 50% will beat the market, 50% will underperform. When you add the transaction costs it becomes more like casino odds.
Not factoring in market growth...
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Old 08-24-2015, 02:59 PM   #15 (permalink)
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Right, picking stocks as opposed to participating in the market as a whole.
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Old 08-24-2015, 08:13 PM   #16 (permalink)
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Look for opportunities in the market place. Refiners are getting killed, 3rd quarter earnings will be high...will this trend continue???

MPC, PSX, VLO...are 3 of my favorites...long MPC

Also like NTI LP, this is a MLP...refiner, small cap/maybe almost a mid cap, single refinery unit with a few gas stations. Currently has a distribution of 18%, MLP's are treated differently than a stock for tax liability. Maybe their distribution decreases...refiners are not typically placed in a MLP. MPLX LP is another MLP I am watching. Upon shareholder approval in 12/15, they will merge/buy MarkWest...they plan on raising their distribution 29% this yr, 25% in each of 2016 & 2017 and 20% for the next 2 yrs and then maintain a 15%+ distribution...within 5 yrs, they plan on raising the distribution to 9%-10%.

Watch the east coast rails, NSC and CSX...both offer long term opportunities. They have not bottomed yet...reduced oil and coal shipments are hurting them, this trend will not end quickly.

Or buy Buffet...BRK.B.

IMHO, the large oil stocks will drop more this Fall...by next summer, I expect to see oil at $60/barrel. Refineries will shut down for maintenance in the Fall and the oil gut will increase...most oil producers were hedged most of the year....only for part of next and the fracked oil wells have a very high depletion rate.
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Old 08-31-2015, 10:06 PM   #17 (permalink)
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The last month or so has been a bit rough for me, lol.

Not planning to buy or sell anything at the moment. I still like Realty Income Corp (O). The monthly dividends are very consistent.
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Old 09-25-2015, 12:11 PM   #18 (permalink)
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VW is something to look at these days. After the dust settles from the emmissions fines and customer claims, they will probably move back up. Same thing with BP when they had the gulf spill.
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