My latest post for Alpha Baskets looks at the newfound understanding of the risks inherent to MLPs.
From the post;
I’ve always thought that a huge weighting was a terrible idea. A general rule of thumb that I picked up somewhere along the way very early in my career and repeated quite a few times on the blog is that something with a relatively high yield, like MLPs, is risky and if you don’t think it is risky then you don’t understand the risk. This is not to say you should not take the risk but you need to understand it and anyone understanding the risk probably wouldn’t have had 20% in them.
Please click through to read the entire post.
Prescott Fire Engine 71
Central Arizona Fire & Medical Authority Engine 61