Emotion can be a profit-killer. But so can relying on predetermined sell points that are susceptible to violent, program-trading-driven whipsaws. Read More

Our task each quarter is to discern each company’s health and growth by determining what’s going on with their drivers of growth and the strength of the balance sheets that finance them. That’s what’s ultimately going to determine how dominant our Portfolio 2020 companies become, and how much wealth they’re going to build for us. Read More

Though distribution growth inevitably leads to price gains, sticking to value-based buy targets is as important with MLPs as it is with traditional equities. Read More

Income or growth? That’s the false choice the big firms that dominate Wall Street present their investors all too often. Strong companies are using today’s low interest rates to issue low-cost bonds in record amounts. That new money is being used to redeem higher interest rate bonds, cutting costs and strengthening balance sheets. Some are using the money to finance expansion and acquisitions that will boost earnings going forward. As a result, dividends are both better protected than ever before and are poised for growth as well—two more very strong reasons to buy dividend-paying stocks. Read More

We're booking a profit on a big winner, a prodigous rally having lifted it well above our buy target. It's current yield no longer justifying the risks involved, it's time to lock in a portion of our gain. Read More