015 - Why MLPs Are Worth Owning Despite Their K-1 Tax Forms
Explicit content warning
10/17/23 • 36 min
Most people avoid MLPs because of the "dreaded" K-1 tax forms. But once you really understand the tax advantages that come with investing in these types of companies, you might change your tune.
Yes, K-1 forms are a pain in the butt, but that's what tax preparers are for. Some of our favorite stocks are MLPs. One of them is managed by Carl Icahn who's considered to be one of the great investors just like Warren Buffet.
Tickers we discuss in this episode:
- NEP
- MMP
- ARLP
- IEP
- UAN
- KRP
- NRP
- DMLP
Drop your comments or questions for this episode on one of our posts.
If you're looking for a more detailed summary of this episode, click here.
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**DISCLAIMER**
Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here.
Episode music was created using Loudly.
Most people avoid MLPs because of the "dreaded" K-1 tax forms. But once you really understand the tax advantages that come with investing in these types of companies, you might change your tune.
Yes, K-1 forms are a pain in the butt, but that's what tax preparers are for. Some of our favorite stocks are MLPs. One of them is managed by Carl Icahn who's considered to be one of the great investors just like Warren Buffet.
Tickers we discuss in this episode:
- NEP
- MMP
- ARLP
- IEP
- UAN
- KRP
- NRP
- DMLP
Drop your comments or questions for this episode on one of our posts.
If you're looking for a more detailed summary of this episode, click here.
We're trying to grow. Help us reach others who want to learn to invest with confidence. Spread the word and leave a review to help us rank in search.
We appreciate your support!
Want FREE weekly market updates, Tim's top 10 dividend picks, and our portfolio updates delivered right to your inbox? Subscribe to our email list.
Stay connected. Follow us on social!
**DISCLAIMER**
Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here.
Episode music was created using Loudly.
Previous Episode
014 - Where You Can Live On $1,500/mo And How To Get There With Dividends
The United States has a high cost of living which kills most people's dream of retiring. But money stretches much further in other countries, like the ones we discuss in this episode.
If you bite the bullet and move to a place with a lower cost of living, you might just be able to realistically retire right now. And you only need $1,500 a month.
We show you how simple it is to make that amount consistently every month using our investing strategy.
Drop your comments or questions for this episode on one of our posts.
If you're looking for a more detailed summary of this episode, click here.
We're trying to grow. Help us reach others who want to learn to invest with confidence. Spread the word and leave a review to help us rank in search.
We appreciate your support!
Want FREE weekly market updates, Tim's top 10 dividend picks, and our portfolio updates delivered right to your inbox? Subscribe to our email list.
Stay connected. Follow us on social!
**DISCLAIMER**
Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here.
Episode music was created using Loudly.
Next Episode
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Close Ended Funds are unique in that they generally have a capped number of shares which makes their price rely completely on demand. Whereas other funds use tactics to manipulate price like offering new shares or doing buy-backs.
CEFs have a NAV price that makes them very easy to determine their value. That means you shouldn't have trouble determining when to buy them at a discount.
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High leverage CEFs like PGP is one of the biggest things to avoid when considering an fund.
These are 2 really good sites to help you find the information you need.
CEF Connect
Stock Market MBA
Tickers discussed were:
- CLF
- CRM
- FDEU - blue chips in Europe 7% yield
- ECC - 27% yield
- IFN - Indian CEF
- Almost anything PIMCO (ex: PDO & PDI)
BITF - Bitfarm fund we discussed throwing $100 in that does Bitcoin farming
Drop your comments or questions for this episode on one of our posts.
If you're looking for a more detailed summary of this episode, click here.
We're trying to grow. Help us reach others who want to learn to invest with confidence. Spread the word and leave a review to help us rank in search.
We appreciate your support!
Want FREE weekly market updates, Tim's top 10 dividend picks, and our portfolio updates delivered right to your inbox? Subscribe to our email list.
Stay connected. Follow us on social!
**DISCLAIMER**
Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here.
Episode music was created using Loudly.
Roaming Returns - 015 - Why MLPs Are Worth Owning Despite Their K-1 Tax Forms
Transcript
Welcome to Roaming Returns, a podcast about generating a passive income through investing so that you don't have to wait till retirement to live your passions.
Today's episode is all about the masters of limited partnership. These babies are completely misunderstood because of their tax implications. And many people avoid them like the plague. Once you understand what an MLP is and how it works, they're a great asset to add to your portfolio to tune in, we're going to go over all the detai
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