The overall market appears to have somewhat stabilized, so we will consider making some purchases over the next few months.
Andrew Fletcher
7 posts
With the price drop in the overall market and a continually weakening dollar, several master limited partnerships have become more attractively priced.
We continue to receive distributions, regardless of the stock price, and when a rebound does occur, we expect a stronger positive response from our individual holdings than from the index itself.
Our strategy is to position such that if a rebound does occur, we’ll see a stronger positive response from our individual holdings than from its benchmarks.
As long as my overall portfolio moves with the market, I don't worry when quality stocks drop in price, as that helps move stocks on my watch list onto to the buy list.