Outside of my normal 401k, I bought a little FAST and a little MCD in an after tax account.
Outside of my emergency fund, I have everything in the market and am trying to tighten my belt to buy as much as I can right now.
18.39. EPD good company they just raised their distribution for the 17th consecutive quarters. The nice thing is at the current yield of 11.4%! even if the stock goes nowhere they never raise their distribution again he will double his money in 6 years. If has an opportunity to reinvest the distributions I'd tell him to take advantage of it.My 24 year old son made his first stock purchase on Wednesday. He bought $600 of a pipeline company stock. He'd been watching it for a while and decided it was time. It has a 52 week high of 32 and he bought it at $17.40. It's now at $18.39. He wants to keep it for a while and see what it does and learn along the way. I'll be learning along with him.
The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries. The Fund will invest at least 65% of its total assets in U.S. dollar denominated securities. Up to 35% of the Fund's total assets may be invested in securities denominated in currencies other than the U.S. dollar, including currencies of emerging market countries. Financial futures, options and interest rate transactions may be used for hedging purposes.
I have a friend of a friend who became pretty weathly at a fairly young age in the seventies by buying closed end funds at up to 50% or so off of NAV.