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Re: NWDR post# 588

Monday, 01/11/2021 7:24:33 PM

Monday, January 11, 2021 7:24:33 PM

Post# of 876
KMP is mentioned in the second link, but article is 10 years old, and I was a holder when KMP was swallowed by their GP, KMI, an S Corporation... It spawned the new verb "Kindered" as the founder Richard Kinder, caused all the investors a ton of money with the change at that time.

That next year the value of the investment was taxed from $1 as KMI... KMI lost value with many angry investors from KMP sold when it became KMI... but other MLPs, were very well managed like EPD and have thrived and paid back their investors for all the capital over time... called "return of capital".

The first link from Motley Fool continues talking about MLPs in several following good videos... I have an accountant that finds it very easy to deal with the K1 information and approves of the great yield which is mosty tax free income.

I used that income to add to salary and now social security and have many years of experience holding and living off the auxiliary income from a tax free perspective.

Good luck with your questions but there are lots of answers and opinions available..

-pete


"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-

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