Dividends And Side Hustles Portfolio - June 2019 Highlights

Source: Wordclouds.com
July has arrived and the summer heat has arrived with it, especially in the south. This is my second article highlighting my real-life personal portfolio, "Dividends and Side Hustles." My first article can be found here.
During the summer months, I spend more time reading and enjoying lazy days. Currently, I’m reading “Mastery” by Robert Greene and re-reading, “The Intelligent Investor” by Benjamin Graham. I purchased a revised edition this time around because it has commentary behind each chapter that gives a more up-to-date explanation on each topic discussed along with modern-day examples.
I so appreciated all the comments, tips, friendly debates and suggestions from my initial article last month. I’m always in discovery mode and there were some positive key takeaways from many of the comments that I put into play.
I received much friendly advice on MLPs and how they can complicate a tax situation, especially when buying small shares of multiple MLPs. I currently own a limited number of shares in only one Master Limited Partnership and they are all held in my Robinhood account which is a nonretirement account. I intend to buy and hold forever while continuing to reinvest the dividends until they are needed for passive income, so I hope cost basis and long-term realized gains are in the far future. In the off chance that a situation occurs where I need to sell shares, understanding better how MLPs work from a tax point will make a... Read more