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The Water Cooler
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Best Interest rates or Investment ROI?
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<blockquote data-quote="Shadowrider" data-source="post: 2684879" data-attributes="member: 3099"><p>Depends on what your strategy is. If you are looking at long term dividend plays are the way to go. Now for my sob story.</p><p></p><p>Back after the last real crash I had money to invest and couldn't for the life of me find a single stock I wanted to invest in and that applied to ANY sector. Just out of happenstance I stumbled across a MLP that was paying a 25% annual return. I did some research and found out that it wasn't BS, that it was in fact a very well managed company that had been around awhile. Yes they did accumulate debt to finance their projects and expansions, but ONLY after they had sold the capacity of those projects and had contracts in hand. So I put in some on it. So....since about 2007 I have been getting a 25%+ return, through dividend reinvestment I've added 50% to my unit holding. And.... I bought at around $14 per unit (shares really, they just call them units when it's an MLP), today the stock closed at $67.41. So do the math on that one. Had I had any inkling of an idea that it would go that way I would have literally mortgaged my house and went all in. Had I just invested all I had at that time I would be living on a mortgage free lakefront home on Grand lake complete with dock, boat house and gate code. Yes the whole "diversity thing" bit my ass hard on that one. I still hold this stock, it's my crown jewel...</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 2684879, member: 3099"] Depends on what your strategy is. If you are looking at long term dividend plays are the way to go. Now for my sob story. Back after the last real crash I had money to invest and couldn't for the life of me find a single stock I wanted to invest in and that applied to ANY sector. Just out of happenstance I stumbled across a MLP that was paying a 25% annual return. I did some research and found out that it wasn't BS, that it was in fact a very well managed company that had been around awhile. Yes they did accumulate debt to finance their projects and expansions, but ONLY after they had sold the capacity of those projects and had contracts in hand. So I put in some on it. So....since about 2007 I have been getting a 25%+ return, through dividend reinvestment I've added 50% to my unit holding. And.... I bought at around $14 per unit (shares really, they just call them units when it's an MLP), today the stock closed at $67.41. So do the math on that one. Had I had any inkling of an idea that it would go that way I would have literally mortgaged my house and went all in. Had I just invested all I had at that time I would be living on a mortgage free lakefront home on Grand lake complete with dock, boat house and gate code. Yes the whole "diversity thing" bit my ass hard on that one. I still hold this stock, it's my crown jewel... [/QUOTE]
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