NGL Energy Partners LP (NGL)

[pete807]

Semantics are just semantics. Our ego's need attention...

That said if you hold something long enough, ...and I have one other MLP, ALL your capital is returned to you. That is important to me because I use the distributions as untaxed income.

The bottom line for me is as long as the law stays the same all the actual gains in appreciation over my life will not be taxed as the dependents will get the CB stepped UP to the price of the stock the day they inherit it. Gains untaxed! The money was taxed before it was invested anyway!

This is why I tell others to park money in MLPs you hope you will not need. That is my very basic plan.

When I am up more than the amount I have collected... I kinda know it just by looking at the total value of my portfolio. The broker averages only the actual money I paid including commissions.

They do show the money I transfer out of the account as a reduction in invested money, so the net over the years is a fraction of the actual value of the account.

Good enough to see that performance in a graph they provide. The steady downward slope while the value remains steady on the top line...

-pete