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Ship Finance International Limited Message Board

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  • staggman99 staggman99 Jul 18, 2010 11:02 PM Flag

    Baltic Dry Index

    Board member...I did not really want to get into this but Investopedia is "just plain wrong" on some of this about MLP's....! For the short answer listen to me...for the long answer go to different message boards on MLP's around tax time (April) and read different messages from other investors...! i.e. Investopedia says not to own MLP's in a IRA or 401 K because of UBTI...First, Unrealated Business Taxable income (UBTI) and distributions are two different things (most MLP's have negative UBIT and it has to exceed $1000.00)...! Second, many investors have owned and sold them for many years without any problems (has anybody on this board ever heard of depreciation?...)...! Always listen to people that have their money on the line...and not the Pro's that make a living telling a different story all the time...! I am also wrong sometimes...but if I am right 60% of the time I should make good money...this year I have been right about 80% of the time (on my holdings)...! Good luck to all...!

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