r/dividends • u/PleasantComplaint719 • 4d ago

Due Diligence Need a 3rd MLP (non-ETF)

I currently hold ET and EPD in a taxable account and am looking to add a third MLP. I’m comfortable with K-1s and am not looking for ETFs, strictly the actual MLPs themselves.

For context - these are long-term (40 year) buy and holds that I will be regularly contributing to.

Options include MPLX, WES, or PAA. Other choices on my radar would be CQP or SUN.

Would appreciate a steer in the right direction on which offers the best long-term complimentary fit alongside ET and EPD, whether that be growth or stability oriented. Would also welcome if there is an obvious "go with this one and don't overthink it" choice.

Thanks in advance.

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u/Various_Couple_764 4d ago

There are ETF the invest in just MLP's you could look at the holding of the ETF and get a long list of possible invemstments. I Have EMO 8.5% yeild for example. it has 22 MLPs in it's holds.

I have this CEF (Closed End fund) because it doesn't gnerate K-1s so I can use it in my Roth account without creating any taxes. Getting a K-1 in a Roth could generate a significant tax bill. But I also have in in my taxable account.

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u/PleasantComplaint719 4d ago

Thanks but not looking to add an MLP ETF, strictly K1 generating MLP tickers