Raymond James cut Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE) from strong buy to outperform while it raises Alliance Resource Holdings (AHGP) to outperform from market perform.
MLPS up just under 4 on the index as we head into the last hour and a half.
Meanwhile a new mutual fund for mlps and guess what...no UBTI if you put it in your IRA!
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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1 comment:
JOE, NO UBTI IF YOU PUT THE CLOSED-END FUNDS IN AN IRA, ETC. BTW, THAT NEW FUND HAS A STEEP 5+ % LOAD.
I OWN SRV, A CEF IN MLP'S, IN MY WIFE'S IRA WITH 10% YIELD. KYE, ANOTHER CEF, PAYS 7.7%. SO, YOUR TAX-DEFERRED ACCOUNTS CAN BENEFIT GREATLY FROM MLP'S.
OF COURSE, I USED TO OWN THE MLP'S DIRECTLY IN MY IRA AND JUST FILED MY OWN 990-T EVERY YEAR. THESE CEF'S ELIMINATE THE PAPERWORK.
ONLY DISADVANTAGE IS THAT YOU WON'T BE ABLE TO PASS TO YOUR HEIRS AT MARKET VALUE WITH NO SELLING PRESSURE SUCH AS THEY WILL FACE IF INHEIRITING YOUR IRA.
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