henarl

Atlas Pipeline Partners: A Painful Lesson in MLP Investing

Good article. I subscribe to Capital & Crisis so I had read Chris Mayer's piece on APL. Altho I don't own APL, I do have the following MLPs: KMP, OKS, LINE, MWE, and I recently sold PAA (at a profit). Those that I still have are down, along with the market in general, but I believe this is just a case of throwing out the baby with the bathwater. These are all excellent income holdings. KMP, OKS, and PAA are solid companies - LINE & MWE not so much but better than APL.
APL is now down to $2.65 and, at that price it might be a real good speculative gamble and I may buy a couple of thousand shares.
Yes, reporting taxes on MLPs is complicated but not impossible. They each send a schedule K-1 with all of the info you need in very concise and easily deciphered manner. Once you get used to it it's not a big problem and any tax professional can easily handle it.

Year End Review of My Income Portfolio

You would have done better if you had been selling covered calls on your positions. This works very well in a highly volatile down market like the last half of 2008.