I don't think this ETN is suitable for an IRA as the IRS has not made a ruling on the investment as to its suitability for IRA's.. It all has to do with K1 forms, MLPs and taxes..You might look a little deeper into this ETN.
You can but keep in mind that if you have $1000.00 or more of ordinary income coming from parnerships you will have problems with the IRS.
Best to buy in your regular stock account and not a IRA.
Roger, isn't the point of this ETF that it - the company traded on the stock exchange - ISN'T a partnership? That's the big justification for the creation and additional expense ratio: No K-1's, no partnership income. Am I wrong?
If I understand correctly, the ETN (AMJ) is a better investment for my tax-deferred 401K as compared to AMLP or an individual MLP. Is that correct? What is the yield for AMJ?
Looks like I get a broad exposure to the best MLP's and would receive tax-deferred, high yield growth in my retirement account. Sounds like a good investment (as long as JP Morgan doesn't go under).