12-08-2019, 09:04 PM
Nice update. I have some reading to do. I am a few years from real retirement and would like to make UTEs a core sector. Perhaps as highs as 20% of total port but no way I can make that leap quickly after the strong run. I'm under 10% at the moment. I am thinking 5 core holdings, and a few small positions for entertainment. I'd appreciate your feedback on where I am at the moment.
Definite plans are to build my positions in these cores. NEE, AEP, XEL, and D, no particular order for now. I've owned XEL for about 25 years when they were still Northern State Power. Bought a fair amount when fools were acting like they were going BK. So they are going to stop needing electricity in Minneapolis next winter? I'm sure that sounds like a brag but it was the easiest decision I ever made on a stock in free fall.
I need a water UTE. Got a suggestion for a first position if I go slow? I don't even want to check the PE. Going to have to hold my nose and wade in slowly. I don't excited about a UTE yield under 3% so that's mostly a problem. I am amazed how long this UTE run has held up. Only recently losing a little steam.
I know you aren't an option guy, and generally buy smaller positions. I NEVER buy options because it's a sucker's bet. I do sell them for the exact same reason. I sell puts until I finally get forced long in my UTEs. That's a good way to enter but in a market like this you often just collect about 1% a month cash and try again next month. Lately I sell puts on PPL and EXC every month trying to enter at my price. EXC is one you might consider for your watch list. It's my local UTE along with Berkshire's Mid-American. EXC got in trouble in their IL market. IL is so dirty since forever. Retirements and this will pass. Fun fact, Illinois has had FOUR governors indicted in my lifetime. A couple serving prison time the past ten years. Thankfully EXC is not just about IL though.
Definite plans are to build my positions in these cores. NEE, AEP, XEL, and D, no particular order for now. I've owned XEL for about 25 years when they were still Northern State Power. Bought a fair amount when fools were acting like they were going BK. So they are going to stop needing electricity in Minneapolis next winter? I'm sure that sounds like a brag but it was the easiest decision I ever made on a stock in free fall.
I need a water UTE. Got a suggestion for a first position if I go slow? I don't even want to check the PE. Going to have to hold my nose and wade in slowly. I don't excited about a UTE yield under 3% so that's mostly a problem. I am amazed how long this UTE run has held up. Only recently losing a little steam.
I know you aren't an option guy, and generally buy smaller positions. I NEVER buy options because it's a sucker's bet. I do sell them for the exact same reason. I sell puts until I finally get forced long in my UTEs. That's a good way to enter but in a market like this you often just collect about 1% a month cash and try again next month. Lately I sell puts on PPL and EXC every month trying to enter at my price. EXC is one you might consider for your watch list. It's my local UTE along with Berkshire's Mid-American. EXC got in trouble in their IL market. IL is so dirty since forever. Retirements and this will pass. Fun fact, Illinois has had FOUR governors indicted in my lifetime. A couple serving prison time the past ten years. Thankfully EXC is not just about IL though.