Can someone dumb down exactly what an MLP is and what are the pros/cons to owning an MLP? I'm very young and am interested in taking a position in Epd but just don't know too much. Any help is appreciated.
I'm not trying to dis you...but since you are "very young" maybe you should invest in growth stocks. I am 66 and have EPD for income generation and the tax benefits of MLP's distributions (return of capital).