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Everytime I invest in oil I spend the next couple years hoping the dividend and covered calls get me back to even. I own BP and ENB now, not that any major or pipeline is much different than the other choices a year down the road.
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(11-06-2019, 07:50 PM)fenders53 Wrote: Everytime I invest in oil I spend the next couple years hoping the dividend and covered calls get me back to even. I own BP and ENB now, not that any major or pipeline is much different than the other choices a year down the road.
I got lucky with MPC June 6 @ 48.10
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(11-06-2019, 09:50 PM)NilesMike Wrote: (11-06-2019, 07:50 PM)fenders53 Wrote: Everytime I invest in oil I spend the next couple years hoping the dividend and covered calls get me back to even. I own BP and ENB now, not that any major or pipeline is much different than the other choices a year down the road.
I got lucky with MPC June 6 @ 48.10
I've been lucky in oil a few times but it wasn't anytime recently. In retrospect, the only reliable way to make money is buy them when they look like they are going BK, sell after a good run and go away for years. I'd bet just about everybody on the forum owns oil and wishing it was a true DGI stock. Those days may be gone forever.
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02-07-2020, 03:35 PM
(This post was last modified: 02-07-2020, 03:37 PM by Otter.)
(11-04-2019, 02:48 PM)Otter Wrote: Okay, results after three quarters of this (tracked from 2/1/19 to 10/31/19), as reflected by portfoliovisualizer.com, totals are below. For jdhansen, I had to split the 20% of the portfolio allocated to DWDP, which has now split up into CTVA, DD, and DOW, on the following basis (3% CTVA, 7% DD, 10% DOW, which is roughly the same proportionate split as the companies underwent when factored into the 20% whole):
fenders53 $13,256 32.56%
divmenow $12,319 23.19%
Binary $12,028 20.28%
Kerim $11,881 18.81%
DividendGarden $11,495 14.95%
jdhansen $11,481 14.81%
EricL $11,420 14.20%
stockguru $11,324 13.24%
Otter $11,048 10.48%
rayray $10,741 7.41%
ChadR $10,595 5.95%
SPY return over the same period is 11.16%
Updated through the end of January, 2020, to take in a full calendar year. Also ran SPY to show how the benchmark did over the same time period. Final results:
fenders53 $13,911 39.11%
divmenow $13,204 32.04%
Kerim $12,989 29.89%
Binary $12,654 26.54%
EricL $12,298 22.98%
SPY $12,145 21.45%
Otter $12,033 20.34%
DividendGarden $11,948 19.48%
rayray $11,785 17.85%
jdhansen $11,604 16.04%
stockguru $11,564 15.64%
ChadR $10,861 8.61%
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Thanks a bunch for handling that Otter. It was fun, and time sure flies. Given the dividend requirement, it's pretty impressive that six beat the SPY. I know Chad's not pleased with his performance, but it happens with a basket of only five stocks of course. And I got a little lucky for sure. I had no expectation RQI would run that high as it's just a high div CEF. At least at the beginning of the year it was high div.
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