Heck, I remember not being sure all this energy exposure even made sense in the first place. I think this loss personifies the anger and guilt I have over sticking with my advisor for so long. I feel such a strong need to recoup this particular loss.
If my IPS were complete (still working on it), it would probably scream at me never to buy anything like this again, ever. But this sucker, this MLP fund, does not belong in my new AA at all.
Ouch.įor almost everything else I brought over to Vanguard from Morgan Stanley, it has been pretty easy (and satisfying) to sell, often at a capital loss, and to move the proceeds into a roughly equivalent mix of Vanguard stock and bond funds per my desired AA. If you look at the chart for this fund, or even a chart for the Alerian MLP index, you can probably see not only why this particular fund crushes my soul, but also why my animal brain thinks these positions are destined to recover. My former advisor recommended that I buy some in 2014 and again in late 2015. I own about $51k of MainStay Cushing® MLP Premier Fund Class C.
