Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Does this investment belong here?
Old 08-08-2004, 04:31 AM   #1
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Does this investment belong here?

I've owned this "trust" on and off (mostly off) for more than 10 years. Its always paid a handsome dividend (around 10%). Now that oil prices are going nuts I got thinking about it again. But when I talk about it to anyone the say "Are you crazy?"


Now I'm not suggesting that anyone buy this thing. But could an investment of this ilk be an intelligent part of an ER portfolio?

http://finance.yahoo.com/q?s=MARPS


BUM
__________________

__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Does this investment belong here?
Old 08-08-2004, 06:39 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Re: Does this investment belong here?

Depends - why would you buy it - what purpose does in perform in YOUR porfolio - taxable income booster, counterbalancer to something else, tax deferred for some reason. Put it in context - for someone in the acumulation vs distribution phase.
__________________

__________________
unclemick is offline   Reply With Quote
Re: Does this investment belong here?
Old 08-08-2004, 10:06 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Does this investment belong here?

Looks like its paying a 6.7% dividend, which you can get with more safety and diversity with vanguards high yield bond fund.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Does this investment belong here?
Old 08-09-2004, 02:10 AM   #4
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: Does this investment belong here?

Thanks unclemick and TH,

Quarterly dividends look attractive but not at 30 bucks/share. I was in at 15 many years ago when it was paying better than 10%....shudda held on to it.

Most of the schekels are on the way to vanguard from local money mkts. . I've been out of the stock market since January. I will need retirement income starting Q3'05. Still cant decide on the allocation.

Bonds are looking better every day.

Some days the view looks great from atop the fence. But its time to make the committment as ER beckons.

BUM
__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Re: Does this investment belong here?
Old 08-13-2004, 12:18 AM   #5
Recycles dryer sheets
 
Join Date: Jan 2004
Posts: 75
Re: Does this investment belong here?

There far better royalty trusts than this one,US based would be SJT,CRT and a handfull of others.Canadian trusts are more dynamic but also come with more risk,sinse they have there own quirks north of the border when it comes to accounting and market rules.I am down to 2 ERF,PGH.ERF is considered the big boy on the block,my basis is so low it would take quite a tumble before i decided to get bothered.The number of canadian trusts is legion,and growing by the week,this is probably not a good thing(well maybe for a while)keep in mind,at $45 WTI crude we are alot closer to the top than the bottom.Google around youll find all sorts of stuff on trusts.One of the main differences between Can/US trusts,is US based are depleting towards ).Whereas Can trusts,while depleting obviously,they constantly have to be on the hunt for acquisitions.Like all things related to energy,the top comes quicker than anybody thought--ak4195
__________________
real men dont use dryer sheets
ak4195 is offline   Reply With Quote
Re: Does this investment belong here?
Old 09-18-2004, 06:01 PM   #6
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: Does this investment belong here?

CRT seems a bit pricey today....but I'll likely "assume the position".

BUM
__________________

__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tropical Tree farms as an investment dougdo FIRE and Money 53 05-17-2008 06:31 PM
Investment cost basis justification for taxes Delawaredave FIRE and Money 8 01-07-2007 09:21 PM
What is this investment ? Delawaredave FIRE and Money 9 12-27-2006 01:42 PM
Does this investment exist? ordway FIRE and Money 4 09-16-2004 06:52 AM

 

 
All times are GMT -6. The time now is 05:01 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.