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Old 11-25-2009, 05:46 AM
 
71,798 posts, read 71,896,917 times
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kmp has been a stellar performer... i never owned it though,,, one of those i wish i had bought years ago....

except for nov at this point i no longer have individual stocks... but from time to time ill take a shot....

did amazing with bank of america and ford..... not so good speculating in citi.....
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Old 11-26-2009, 05:28 PM
 
2,850 posts, read 3,941,769 times
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Quote:
Originally Posted by MadManofBethesda View Post
My favorite dividend play in the oil and gas sector has been Kinder Morgan Energy Partners (KMP). When I was buying it in the past year I was getting almost 10% on new money. Even though it has gone from the low $40s to the high $50s, it is still yielding about 7 1/2% on new money. And they just decided to raise the annual dividend **again** from $4.20 to $4.40 for 2010.
If one holds KMP with a brokerage account (say, Charles Schwab), does the broker take care of the tax reporting involved with Master Limited Partnerships?? I ask, because I was debating between KMP and ENB last winter, and went with ENB because CS takes out the tax payment (15%) for me. ENB does not have as high a yield as KMP, but it is a growing concern, and they bought a solar energy generation complex in Ontario from FirstSolar, which gives them entry into one of those alternative energy plays.

ENB is mostly about the Oil Tar Sands of Alberta and Saskatchewan, and being Canadian (the company, not me) it gives me a non-USA company.
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Old 11-28-2009, 09:16 AM
 
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all the mlp's i ever owned even if street name came with a k1 sent directly to me
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Old 11-29-2009, 03:29 AM
 
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As mathjak has noted, the K-1 comes directly from KMP.
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Old 11-29-2009, 04:50 AM
 
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although i like kmp the truth is a simple s&p 500 fund still has them beat according to morningstar over 3, 5, and 10 year periods and that includes dividends .



trailing Total Returns 1 Month 3 Month 1 Year 3 Yr Avg 5 Yr Avg 10 Yr Avg * YTD
Stock 3.5 11.7 30.0 13.1 10.5 15.4 35.3
+/- Industry -0.2 0.4 -19.0 11.4 2.3 10.4 -13.3
+/- S&P 500 -0.9 3.9 4.9 20.1 11.7 17.8 12.4
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Old 11-29-2009, 06:18 AM
 
8,208 posts, read 11,929,872 times
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Quote:
Originally Posted by mathjak107 View Post
although i like kmp the truth is a simple s&p 500 fund still has them beat according to morningstar over 3, 5, and 10 year periods and that includes dividends .



trailing Total Returns 1 Month 3 Month 1 Year 3 Yr Avg 5 Yr Avg 10 Yr Avg * YTD
Stock 3.5 11.7 30.0 13.1 10.5 15.4 35.3
+/- Industry -0.2 0.4 -19.0 11.4 2.3 10.4 -13.3
+/- S&P 500 -0.9 3.9 4.9 20.1 11.7 17.8 12.4
Are you dyslexic by chance? KMP has far outperformed the S&P over 3, 5, and 10 year periods!
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Old 11-29-2009, 08:15 AM
 
71,798 posts, read 71,896,917 times
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better recheck your glasses my friend. your reading the columns wrong, that last column is year to date not 10 yr.. ha ha


heres what it says

3 yr kmp 13.1 s&p 20.1

5 yr kmp 10.5 s&p 11.7

10 yr kmp 15.4 s&p 17.8


only year its ahead is so far ytd.



KMP: Kinder Morgan Energy Partners, L.P. Stock Performance
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Old 11-30-2009, 05:07 AM
 
8,208 posts, read 11,929,872 times
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Quote:
Originally Posted by mathjak107 View Post
better recheck your glasses my friend. your reading the columns wrong, that last column is year to date not 10 yr.. ha ha


heres what it says

3 yr kmp 13.1 s&p 20.1

5 yr kmp 10.5 s&p 11.7

10 yr kmp 15.4 s&p 17.8


only year its ahead is so far ytd.



KMP: Kinder Morgan Energy Partners, L.P. Stock Performance
Ah, but it is not I that needs to check my glasses.

Actually, it is not glasses that are at issue at all. You just have misinterpreted the data.

That S&P column is not the return of the S&P itself, it is the percentage amount that KMP has exceeded the S&P!!!

Did you actually think that the S&P has returned 20.1% over the last 3 years? It is actually a negative 5.47% over that period of time.

Who's laughing now.
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Old 11-30-2009, 05:53 AM
 
71,798 posts, read 71,896,917 times
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WOW, new glasses are being ordered... you are correct, i never realized that is what the trailing return numbers were...

dAmn i hate when you are right.... lol

+/- S&P 500
A benchmark index gives the investor a point of reference for evaluating a fund's performance. In all cases where such comparisons are made, Morningstar uses the S&P 500 as the primary benchmark for stock-oriented funds. The +/- (Trailing Time Period) figure indicates the amount by which a fund over or underperformed the S&P 500 during the specified time period.

Last edited by mathjak107; 11-30-2009 at 06:40 AM..
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Old 11-30-2009, 07:39 PM
 
8,208 posts, read 11,929,872 times
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Quote:
Originally Posted by mathjak107 View Post
WOW, new glasses are being ordered... you are correct, i never realized that is what the trailing return numbers were...

dAmn i hate when you are right.... lol
Well, you've been a font of financial information and knowledge on this board. I'm glad that I was able to teach you something!
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