i was trying to find some 3rd party (unbiased) view on cash rebate credit cards on Google when i stumbled upon this site:

http://www.1stmillionat33.com/2006/08/a-sh...ide-to-my-site/

this dude seems to know his stuff, but i guess some things are over my head. one thing he mentioned was MLP - Master Limited Partnerships. I have never heard of such an investment vehicle and was wondering if anyone can explain it?

 

Look here: a Master Limited Partnership is a limited partnership that is publicly traded.

 

so i guess if it's something i don't understand, i probably shouldn't invest in it...

 

That's pretty much how it worked for Bob Citron in Orange County, CA.

 

Mingster, I'm not even going to click that link but I do know its just some crap you shouldn't waste your time with.

Master Limited Partnerships on the other hand are often beneficial.

MLPs are not really financial tools. They are business and legal tools. It's basically a way to set up a company to define its structure and provide a legal curtain. In a master limited partnership, you usually have one main partner and many many many limited partners. Guess who gets the most of the money?

As a correction, Master Limited Partnerships are not publicly traded. Corporations are publicly(sp?) traded. However, MLPs can be corporations, or they can choose not to be.

 

This part is correct.

[QUOTE]Guess who gets the most of the money?

As a correction, Master Limited Partnerships are not publicly traded.

 

Both Wikipedia and Investopedia seem to think that they are.

 

Owning MLPs can have some nice tax advantages, but also some tax headaches. If your MLP is based in Oklahoma, you have to file an OK return. It would really suck to have tons of MLPs all over the country.

The other option is to own a fund of MLPs, like KYN or one of the Tortoise Funds. Tax-wise, these are much closer to holding regular old stocks.

 

well, since i don't understand it i guess i should stay as far away from it as possible...