Linn, Tortoise Energy: Risk vs. Reward [View article]
fees include interest expenses; management fees are about 1%.
On Jun 18 08:46 AM prairiedog555 wrote:
> I believe that MLP investments are sound, I own numerous midstream > companies, but I cannot justify the enormous fees that the closed > end MLP funds charge. TYG fees are 5.32%!!!! TYY 6.51% > Why not just purchase the consensus picks in all of their portfolios? > With trailing stop losses on each. > And don't worry about the K1's. They even e-mail them to you. I forward > them to Tax man or if you do your own they insert easily into tax > program. > Plus most of the dividends you get from MLP's are return on capital > which means they are very tax efficient, I don't think you get that > with a fund. > I understand that casual investors use funds and ETF's for conveinience, > and that is OK if fees are low, but how can you justify 2.5-6.5% > fees for these funds? TYG KYE TYY FEN KYN
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Latest | Highest ratedLinn, Tortoise Energy: Risk vs. Reward [View article]
On Jun 18 08:46 AM prairiedog555 wrote:
> I believe that MLP investments are sound, I own numerous midstream
> companies, but I cannot justify the enormous fees that the closed
> end MLP funds charge. TYG fees are 5.32%!!!! TYY 6.51%
> Why not just purchase the consensus picks in all of their portfolios?
> With trailing stop losses on each.
> And don't worry about the K1's. They even e-mail them to you. I forward
> them to Tax man or if you do your own they insert easily into tax
> program.
> Plus most of the dividends you get from MLP's are return on capital
> which means they are very tax efficient, I don't think you get that
> with a fund.
> I understand that casual investors use funds and ETF's for conveinience,
> and that is OK if fees are low, but how can you justify 2.5-6.5%
> fees for these funds? TYG KYE TYY FEN KYN
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