Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
I bought LGCY today at 1.50
Old 12-23-2015, 03:46 PM   #1
Recycles dryer sheets
Jmo1969's Avatar
 
Join Date: Jan 2013
Location: Miami
Posts: 67
I bought LGCY today at 1.50

Not too much just in case it goes to zero yet if will does rebound by 2018 2019 stock should go back to Ten or higher and pay a dividend of a dollar a year.


Sent from my iPhone using Early Retirement Forum
__________________

__________________
Jmo1969 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!

Old 12-23-2015, 06:06 PM   #2
Full time employment: Posting here.
ownyourfuture's Avatar
 
Join Date: Jun 2013
Posts: 512
Quote:
Originally Posted by Jmo1969 View Post
Not too much just in case it goes to zero yet if will does rebound by 2018 2019 stock should go back to Ten or higher and pay a dividend of a dollar a year.


Sent from my iPhone using Early Retirement Forum
Too bad you didn't buy it yesterday .
That would've been a hell of a one day gain

Good luck
__________________

__________________
ownyourfuture is offline   Reply With Quote
Old 12-25-2015, 12:30 AM   #3
Thinks s/he gets paid by the post
Sunset's Avatar
 
Join Date: Jul 2014
Location: Chicago
Posts: 4,733
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
__________________
Sunset is offline   Reply With Quote
Old 12-26-2015, 04:43 PM   #4
Confused about dryer sheets
 
Join Date: Dec 2015
Posts: 5
Quote:
Originally Posted by Sunset View Post
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

.
__________________
twobarkingdogs is offline   Reply With Quote
Old 12-28-2015, 09:34 AM   #5
Recycles dryer sheets
Jmo1969's Avatar
 
Join Date: Jan 2013
Location: Miami
Posts: 67
Not too much = <1% of investable assets.


Sent from my iPhone using Early Retirement Forum
__________________
Jmo1969 is offline   Reply With Quote
Old 12-31-2015, 05:17 PM   #6
Recycles dryer sheets
Jmo1969's Avatar
 
Join Date: Jan 2013
Location: Miami
Posts: 67
Wish I had more conviction.


Sent from my iPhone using Early Retirement Forum
__________________
Jmo1969 is offline   Reply With Quote
Old 12-31-2015, 05:20 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 2,906
For me it is around $20,000 for the long shot stuff. That is the amount I have in some mining company bonds that are paying 62.5%. I feel like I should carry around a baseball bat each May and November when it is time for them to pay up.
__________________
Fermion is offline   Reply With Quote
Old 01-12-2016, 04:10 PM   #8
Recycles dryer sheets
Jmo1969's Avatar
 
Join Date: Jan 2013
Location: Miami
Posts: 67
Bought 3 times as much today...


Sent from my iPhone using Early Retirement Forum
__________________
Jmo1969 is offline   Reply With Quote
Old 03-07-2016, 10:24 AM   #9
Recycles dryer sheets
Jmo1969's Avatar
 
Join Date: Jan 2013
Location: Miami
Posts: 67
Feeling better!!!


Sent from my iPhone using Early Retirement Forum
__________________
Jmo1969 is offline   Reply With Quote
Old 04-22-2016, 01:19 PM   #10
Recycles dryer sheets
Jmo1969's Avatar
 
Join Date: Jan 2013
Location: Miami
Posts: 67
Woot...woot.


Sent from my iPhone using Early Retirement Forum
__________________
Jmo1969 is offline   Reply With Quote
Old 04-23-2016, 08:31 AM   #11
Recycles dryer sheets
 
Join Date: Aug 2013
Posts: 402
What are those bonds ? ticker symbol ?

Quote:
Originally Posted by Fermion View Post
For me it is around $20,000 for the long shot stuff. That is the amount I have in some mining company bonds that are paying 62.5%. I feel like I should carry around a baseball bat each May and November when it is time for them to pay up.
__________________
No to consumerism, Living a simple life, enjoying the experience - not the material stuff
cyber888 is offline   Reply With Quote
Old 04-25-2016, 09:30 PM   #12
Recycles dryer sheets
Jmo1969's Avatar
 
Join Date: Jan 2013
Location: Miami
Posts: 67
Lgcy is a stock. Lgcyo is one of their preferred stocks. They have debt as well. Not sure of the cusip/s.


Sent from my iPhone using Early Retirement Forum
__________________
Jmo1969 is offline   Reply With Quote
Old 04-25-2016, 10:28 PM   #13
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 2,906
Quote:
Originally Posted by cyber888 View Post
What are those bonds ? ticker symbol ?
Are you familiar with CUSIP? The bonds are 884768AE2

They are a lot higher now than when I posted. I actually have quite the capital gain except it is in an IRA so doesn't matter.

They are trading at about 35% to 40% of par now instead of 18% to 22% where I was jumping all over them. Still a great yield since they are 12.5% bonds (so paying 31% even at 40% of par). Risky though. Might get called before 2019, but I am already in the black on them due to the high interest payments.
__________________
Fermion is offline   Reply With Quote
Old 04-25-2016, 11:52 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,278
Quote:
Originally Posted by Jmo1969 View Post
Lgcy is a stock. Lgcyo is one of their preferred stocks. They have debt as well. Not sure of the cusip/s.


Sent from my iPhone using Early Retirement Forum
Does not look to be a good investment in the preff...


Notes: Jan. 21, 2016 -- Legacy Reserves LP today announced that the Board of Directors of its general partner has approved the suspension of distributions to unitholders and distributions to both the 8% Series A and Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units. The Board also approved a 2016 capital budget of $37 million.
__________________
Texas Proud is online now   Reply With Quote
Old 04-27-2016, 11:37 AM   #15
Recycles dryer sheets
 
Join Date: Aug 2013
Posts: 402
Congrats, you made a killing today. $3.65 ? wow


Quote:
Originally Posted by Jmo1969 View Post
Lgcy is a stock. Lgcyo is one of their preferred stocks. They have debt as well. Not sure of the cusip/s.


Sent from my iPhone using Early Retirement Forum
__________________
No to consumerism, Living a simple life, enjoying the experience - not the material stuff
cyber888 is offline   Reply With Quote
Old 04-27-2016, 08:51 PM   #16
Recycles dryer sheets
Jmo1969's Avatar
 
Join Date: Jan 2013
Location: Miami
Posts: 67
I sold 10% of my position. I hope to sell 20% of my remaining in the low 4's. Then, as they say, I get to play with their money.
Sometimes it's better to be lucky than good. And I realize that.


Sent from my iPhone using Early Retirement Forum
__________________
Jmo1969 is offline   Reply With Quote
Old 05-04-2016, 08:51 PM   #17
Recycles dryer sheets
Jmo1969's Avatar
 
Join Date: Jan 2013
Location: Miami
Posts: 67
Got scared and locked in a little profit today. I took down my position by 30%.


Sent from my iPhone using Early Retirement Forum
__________________

__________________
Jmo1969 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
Bought big into Gilead today Fermion Stock Picking and Market Strategy 8 08-16-2014 10:26 AM
What's the first album you ever bought (not bought for you)? Midpack Other topics 53 10-09-2013 03:37 PM
Bought a mountain bike today dm Life after FIRE 37 12-16-2010 11:13 PM
Bought ADP today Hamlet Stock Picking and Market Strategy 10 04-19-2010 09:32 PM
I just bought VFINX today AirJordan FIRE and Money 113 12-19-2007 08:17 AM

 

 
All times are GMT -6. The time now is 03:43 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.