Quote:
Originally Posted by railroadman
I2ridehd:
You always have great ideas on investments and you do sound very savvy about investments.
Do you have any advice on MLP's?
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I am fairly heavily invested in MLP's and have been for the last 4 years. They have performed very well for me and I average about 8.5% TAX FREE!!! The real nice part about them, is that even though my net worth can increase or decrease with market fluctuations, my income never changes. In fact, even during the "crash", none of the MLP's I owned cut their dividends. A few of them even increased dividends during that difficult time. What I have been doing recently is pulling some of my profits out of the MLP's and purchasing a very low cost annuity from Fidelity that pays me 5.8%. Ideally, I plan to purchase enough in annuities to cover all my fixed costs.