Kinder Morgan Energy Partners, L.P. (NYSE: KMP): My Favorite MLP – With a 6.45% Yield

Classifying MLPs as “income” stocks is a big mistake. It’s a costly one too… especially if it’s growth you’re after.

Yes, the partnerships toss off tons of cash. The high-net worth folks I work with can achieve, for example, $350,000 in cash payouts from investing $5 million in an MLP yielding 7%.

But they’re more like growth stocks in disguise…

Remember, the high income is merely a function of the MLP structure. They’re set up in a “pass-through” structure.  (more)

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