Republic Risk: Energy and Income

We dove into the energy sector all week... Now, let's wrap it up with a long-term investment idea. What do you say?

Dear  Fellow Expat:

Good morning. 

We’re a little late this morning so that I could dig into my data sets. The Producer Price Index (PPI) is running hotter than expected. Bitcoin continues to rally. Global liquidity remains strong - for now.

Today, we talk about income in the energy sector.

So, we scream from under the palm trees: “Tortoise Pipeline & Energy Fund.”

It’s on the NYSE. The ticker is TTP.

This is a closed-end fund. What’s that?

Let’s check out the Closed-End Fund Association.

“Closed-end funds (CEFs) are professionally managed investment companies that offer investors an array of benefits unique in the investment world. While often compared to traditional open-end mutual funds, closed-end funds have many distinguishing features. They offer investors numerous ways to generate capital growth income through portfolio performance, dividends, distributions, and trades in the marketplace at beneficial prices. CEF shares are listed on securities exchanges and bought and sold in the ope…