I recently heard about MLP (Master Limited Partnerships) as investments and I am looking for advice and feedback on these investment vehicles. Do they make good income investments? Where can I find out more about them, including the pitfalls and how to evaluate MLPs? Thanks
They are like any other income investment: the higher the income, the greater the principal risk. Most of them do best when energy prices are rising. They send you a K-1, and in my experience, most of them send it late or at the last minute. If you own a few of them, it's a pain in the ass. Perhaps the best approach is to find an ETF or CEF that holds them so you do not have to mess with K-1's.