Read this article on Fool.com:
A couple of years ago I would not have noticed anything amiss with this article.. and would have probably blindly agreed with the argument because it comes from some investment-savy dude on Fool.com.
Without much ado, here is what I commented on that article:
On July 10, 2009, at 11:01 PM, Golbguru wrote:
Moreover, you need to do more homework on MLPs and stop calling distributions as “dividends”.
I will leave it to my astute readers to figure out what MLPs are … till I come back and write a little more about them.
Looking back, I cannot believe that I am actually taking the efforts to read and understand company balance sheets now-a-days. I am glad I am doing it now.
I still don’t have a good grasp of the macro-market-economics yet, but after reading views of various economists and chartists, I am not sure anyone understands that well anyways. May be someday I will understand and appreciate it, but till then I am not going to sit on a pile of cash and do nothing (and see the cash get devalued as the inflation catches up with us eventually).
Disclosure: Long on NGLS and a whole bunch of other MLPs.