Originally Posted by Sunset
So if you don't mind sharing, what is "not too much"
I'm always curious what folks feel ok to risk/gamble on a chance stock. My limit seems to be about $250
I also bought lgcy the other day, the preferred stock, 1000 shr at $5.05. Bought the preferred due to the current yield on cost of aprox 40% at the time paying 16.7¢ a shr monthly.
Also bought VNR, common, 1500 shr at $2.95 around the same time
To answer your question for the upstream MLP's I've been buying lately I've targeted around 5k a purchase. For the midstreams its varied from 10k to 30k depending upon what I perceive to be its business model and safety. EPD was closer to 25k, SE about 20k and OKE was around 10. PAA and NGLS-PA are on my shopping list but they rose a little higher then I was wanting to pay the other day so I will wait and see what happens over the next couple of weeks
Very few of my holdings make up more then 5% of my stock portfolio and the risky ones are around 1%.
By the way, I'm new to the board. Found the site while researching what I need to do for health insurance which starting in 2017 I'll need to pay for on my own. My former employer will cover me until then.
Anyway good luck to us all on our investing