A new opportunity for income growth
Master limited partnerships constantly have to raise new money, which explains why Western Gas is selling 5 million units.
People get locked into phrases and axioms. My favorite has always been: "Bonds are the house you live in."
Yes, that's true. But, nowadays with Europe imploding, the new phrase is:
"United States utility companies who only do business in America and post government-approved dividends are the house you live in."
I know a lot of investors whose entire portfolio is utility stocks. They will never set the world on fire, but they pay the "utility bills" every month.
The whole world is moving towards investing in "America Only" stocks.
The general consenus is that at the age of 55, it is time to go conservatize your portfolio. Move away from equities to bonds, treasuries, CD's, muni's, all that. And it's true. I've got a bucket full of utility stocks. I'm not a teenager anymore, and this is the way I go.
Security in a "security" is important when you get to my age. That's why I never fly on an Airbus plane.
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As geopolitical tensions threaten to spin out of control, investors are wondering how best to position their portfolios for the global turmoil.
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