Good Morning!
Okay so Iran wants nukes for electricity and some general geo-political house cleaning (Israel is listening)...so crude oil is back over 65 bucks and climbing. Exxon is back over 61 and Valero gas is up 1 over 59 bucks. So we have some upside pressure on crude by 1 dollar.
MLPS are news free this morning but we will be in earnings season soon with Kinder Morgan coming out tomorrow.
Above is a chart going back before 1990...Suppose you invested $ in an aggressive mutual fund like AMERICAN CENTURY ULTRA as opposed to $ in some of the MLPS that were around at the time...or perhaps Exxon. Guess which one did the worst. This btw is not a knock on A.C. ULTRA...but just one of those interesting charts that speaks volume.
joseph cioffi's Source Page - Associated Content
1 comment:
I agree with your point, but I believe that Yahoo mutual fund charts are not adjusted for distributions, so the charts understate returns for any mutual funds that pay distributions.
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