Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Opinion on MLP's
Old 03-27-2007, 06:02 PM   #1
Full time employment: Posting here.
 
Join Date: Aug 2005
Posts: 945
Opinion on MLP's

Any of you into MLP's as a source of income. Any reccommendations as to what to look at? Anything priced reasonable?

I like the tax benfifits on these. Are there any web sites dedicated to educating you on them?
modhatter is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Opinion on MLP's
Old 03-27-2007, 06:40 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
Re: Opinion on MLP's

I own several, and have for at least 20 years. One unexpected benefit is that the gradual whittling away of your basis and the fact that on sale much of your gain may be recaptured as ordinary income makes you much less likely to trade. So they just hang around spewing out cash and growing in capital value. MLPs are getting more popular, hence they are often not the obvious bargains that they tended to be back when Peter Lynch first wrote about them in the '80s. Still, REITs went up almost another 100% after I felt that I had gotten most of the gains available, so once the MLP thing gets going it could go on a long time. The O&G MLPs have been strong the last 6 months or so.

Many are in oil and gas area, in particular pipelines. storage, etc. For the most part, I prefer those which are MLP GPs, not the limited partnerships underlying. The GPs derive income mostly from ownership of LP units plus- and this is a big one-IDRs, aka incentive distribution rights. These give the GP leverage on the LP distributions so the GP distribution though starting from a lower base often grows faster.

I don't like to name issues because then I tend to feel responsible for others, but go to these Yahoo Groups and you can learn a lot. It also helps to learn a bit about gas distribution, growth areas for drilling, etc. because one can make mistakes. I will mention one because the CEO recently bought an enormous slug of the units which tends to make me feel more comfortable- VEH.

mlp_research
mlp_research2
mlp_research3
mlp_research4

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Re: Opinion on MLP's
Old 03-27-2007, 07:09 PM   #3
Recycles dryer sheets
 
Join Date: Mar 2005
Posts: 329
Re: Opinion on MLP's

We covered it here

http://early-retirement.org/forums/i...38805#msg38805

hope that helps
-h
__________________
Hope springs eternal in the human breast:Man never is, but always to be blest.
The soul, uneasy and confined from home,Rests and expatiates in a life to come.
lswswein is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Hyperactive thyroid/treatment - worth a 2nd opinion? ERD50 Health and Early Retirement 11 03-16-2007 03:41 PM
Another opinion needed from doctors and patients on the board Surfdaddy Other topics 17 05-23-2006 08:49 PM
Brewer: MLP's questions etc lswswein FIRE and Money 6 03-25-2005 11:52 AM
MLPs anyone? Merlin FIRE and Money 2 05-01-2004 05:50 PM
Pipeline MLPs rwwoods FIRE and Money 1 09-02-2003 04:21 PM

» Quick Links

 
All times are GMT -6. The time now is 12:13 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.