“There’s a measurable benefit to be had in these funds (closed-end funds), on the order of 5% to 12%,” says Tyson Halsey, head of Income Growth Advisors, an investment-management firm in Charleston, S.C. that specializes in MLPs. “Based on the funds’ reports of their net assets as of Nov. 30, I estimate that the change in tax rates will increase the per-share value of Kayne Anderson Energy Development by 5.2%, ClearBridge Energy MLP Fund and Tortoise MLP Fund by 6.5% each, Kayne Anderson MLP Investment by 10.8% and Tortoise Energy Infrastructure by 11.6%.”
“Tyson Halsey of Income Growth Advisors has been managing separately managed accounts made up of master limited partnerships for 15 years. He has weathered the ups and downs of the past two years to boast a 77% one-year return and a 1.7% three-year return, (including a 5% dip in February), in his latest letter to shareholders.”
“Unfortunately, most people who buy [royalty trusts] don’t realize that they tend to be depleting assets,” says Tyson Halsey of Income Growth Advisors, an investment firm in Charleston, S.C. “They end up being bad for retired people who think they are getting a fixed-income alternative.”
“When we last interviewed our next guest, about a year and a half ago, he was predicting that oil prices were bottoming and about to move higher. And he was right. The price moved from $38 a barrel up into the $50s. What does he think about the energy markets now?”
“Calumet Specialty Products Partners, LP (CLMT) is a MLP turnaround opportunity which has a real chance of reinstating its distribution and doubling in price in the next twelve months.”
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The execution of the Fed’s reversal of its accommodating policy will dictate stock and bond market’s performance in 2022. In 2022, the “TINA” trade or There Is No Alternative argument for overpriced equities
Uncontrollable Inflation Threatens Four Decades of Prosperity
The 60/40 model is broken. Inflation is rising rapidly, and the Fed is scrambling. Inflation and Fed taper end 40 year bond bull market. Fed’s balance sheet expansion reversal will hurt.
The Great Malaise: Stagflation and the Great Rotation in the 2020s
Decelerating tech momentum, slowing economic growth, declining consumer confidence, inflation, political rancor and flagging mental health are creating a socio-economic malaise that will undermine the efficiency and deflationary growth that has driven record
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