Hi Chris:
Another question I asked, how do you feel about MLP ETFs. Any thoughts?
Personally I stay away from the MLP funds. I prefer the individual companies. MLP’s are a tax shelter and therefor belong in a taxable account and all their distributions are tax deferred. There is sometimes a limited amount of income that is taxable but so far not much. MMP is a good company which translates into a low yield of 4.2%
I own 3 MLP’s
ETE I own about 12 years Yields about 6.159%. One of their subsidiaries is building the DAPL in North Dakoda where they just had the Protest by the indians holding up the completion. It appears the pipeline will get the final go ahead–AGAIN–to complete the pipeline. Should be a massive positive for the company. (5th largest holding)
MPLX–I owned MWE for about 13 years big winner- 5.53% yield MWE merged with MPLX (A subsidiary of Marathon Petroleum Corp) and I’ve been adding ever since (Largest holding in portfolio)
EVA -I own 1 1/2 years 8.56% yield–Clean energy-Wood pellets.