Newsletter - February 2024

Looking For Big-Time Income? Check Out This 9.5%-Yielding Dividend Stock

“A cash flow-generating machine. MPLX’s diversified mainstream operation generates lots of steady cash flow backed by fee-based contracts and governmentregulated rate structures.”

A really good story, but no bananas. I can never figure out why the media—particularly the Motley Fool—continues to harp on current cash flow and not total return (but it does—and generally to the detriment of retail investors who focus on the tree and ignore the forest).

Harold Evensky Graph


I just don’t understand how they keep publishing this nonsense. How To Generate $100,000 Of Retirement Income Without Selling Your Principal (on an investment of $1,000,000 3/21/2021)

3yr 5 yr total return

Even More Mindboggeling

Risky Exchange-Traded Notes In Spotlight With Arrival Of ‘XXXX'
My friend, Taft, shared an interesting piece of news with me:
The MAX S&P 500 4X Leveraged ETNs, which launched last week with the eye-catching XXXX ticker, promise to quadruple the daily returns of the benchmark index. That makes them the highest-leveraged trade of their kind currently available to American investors, according to CFRA Research. They charge a fee. of 0.95%.

The issuer, Bank of Montreal and MAX (BMO’s brand for leveraged and inverse products), say that the exchange-traded notes are intended only for sophisticated investors who can actively monitor their investments and who understand the potential consequences of buying this type of vehicle.

Read more here

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© Evensky & Katz / Foldes Financial Wealth Management

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