Not only is Linn promoted here but a really interesting MLP fund, which for tax purposes functions like LNCO, is also featured. (I like the fund because the distributions are ROC, over 8%, and have no K-1s. Also it's highly diversified.)
Unfortunately Ron^3 has the really insensible manners to just ignore what he does not understand or if it conflicts with his emotion based political values.
If Americans are looking at any kind of fund always look at the expense ratio and possible premium to net asset value or NAV.
This 'ETF' has a very high expense ratio of 82bp of 0.82%. Also generally in the MLP business structure.
August 20 Yield hungry investors playing in the MLP space may take caution as the sector's merits rate a Barron's cover and investor roundtable discussion. Among the selections is the popular JPMorgan Alerian MLP Index ETN (AMJ), up 17% Y/Y while yielding north of 9%, and trading at a 36% premium to NAV.
Finally MLP is a specially created tax structure created to encourage investment in domestic energy. It is not an asset class although it almost always is something to do with domestic resources. An MLP fund is by definition not diversified.
Finally 99.9% of the time it is very unwise to pay a premium over NAV for any 'fund'. When you see a whole wave of new financial products chasing a hot sector it is usually the sign the top is near.
I just bought a thousand shares of lnco and 2000 shares of mwtrx. I'm 60 years old and the steel mill that I worked at for 42 years closed. I'm looking to rebalance my portfolio for more imcome. Any ideas?