surfside sue

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  • Upstream MLPs and Canadian Royalty Trusts: High Return, High Risk?
    OJO Z... :

    I've read your postings with great interest, but can't quite find the answer to my overriding question which is:

    Can I hold Canroys or MLPs in my ROTH (tax free) account and get the benefit of high yields (minus 15% withheld on Canroys), or am I asking for trouble here? I don't use a tax advisor, just TURBOTAX.

    Thanks Sue :-)
    May 16 12:43 pm |Rating: 0 0 |Link to Comment |View article
  • Penn West Energy Trust: An Underappreciated Gem
    OK J. Then PWE, as well as PGH and HTE (looking at a list suggested by Robert Nabloid in a Seeking Alpha article re. high-yielding stocks) should each net about 11% after all. Not too bad.

    But what about the others he mentioned: GNV, OCNF, FLY, ONAV, and TNH. These are not in the oil business, but with dividends greater than 14% - and I don't think Canadian - they look attractive to me for a tax-free account (unless the risk is outrageous). Do you have an opinion here?

    Thanks, Sue :-)
    May 12 15:43 pm |Rating: 0 0 |Link to Comment |View article
  • Penn West Energy Trust: An Underappreciated Gem
    JMueller, Jack & Dave: Thanks for the help -- I gather that CanRoys shouldn't be held in tax-free accounts (and ROTH's are totally tax-free) because of the 15% deduction which can't be recovered.

    Obviously, this was too good to be true.

    So, someone who has a ROTH account and is looking for high dividend stocks should look elsewhere -- but where???

    Sue :-)
    May 12 11:48 am |Rating: 0 0 |Link to Comment |View article
  • Penn West Energy Trust: An Underappreciated Gem
    My ROTH account broker (Vanguard) dumps all my various fund dividends into their MMA, so I have a growing account balance looking for a place with better yields.

    CanRoys look like a great solution, and I really appreciate the insight offered by the comments above, but I can't quite get a handle on the tax treatment. Looking at PWE today: Yield 4.08 (13%), if it makes monthly payouts, my account should see $34 (for 100sh) each month. My ROTH account is tax free.

    Wil I see $34 each month, or something less, and if something less, where is the balance and how do I recover??

    Thanks

    Sue :-)

    May 09 10:38 am |Rating: 0 0 |Link to Comment |View article

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