MLPI

EmbarrassedPart1256

I'm definitely holding for the long term, as I've got a pretty privileged cost basis ($51.01) as I did a lump sum buy back when I was switching over to a dividend/income approach. It's been pretty stable for as long as I've held it & produced solid cash flow. Because of the ROC, most of it is tax-deferred until your cost basis gets to $0 & then it's taxed as long-term capital gains. I can't complain with the NEOS funds so far; they're newer but they seem to be on the ball in terms of protecting your capital. I'm pretty underwater on $MLPI but I see that thing as being insanely illiquid, to the point where I've actually had my shares loaned out for a period of about a week. In a correction/recession, I'm pretty sure people will flock to something like $MLPI; I've also seen it mentioned as a solid inflation hedge because of the way these MLPs' contracts are structured. The only other NEOS ETF I hold is a small position in $NIHI but it's just a small position as an income boost/stabilizer; I don't necessarily like that it's a "fun of funds" because of the double expense ratios, but I just now realized that $IWMI is too. I guess if they can preserve my capital & distribute solid cash, the expense ratios shouldn't matter too much. My approach is being as tax-efficient as possible in this portfolio; Google AI recently referred to it as a "pseudo-Roth" which I like as well. I don't like the idea of locking away a large portion of my capital for \~30 years, when the retirement age (60) is definitely *not* the middle of your life. I'm happy to talk more if you ever want to DM me! I can't say I'm an expert but I've spent a lot of time trying to learn about this stuff recently. My focus has been defensively positioning myself for the end of the world, even as things continue to rise 🤣 income as been my primary focus & now I'm focused on layering in growth (again, defensively, leaning international). The dividends sub has a wealth of information as well.

EmbarrassedPart1256

It's not a penny but if you want midstream energy exposure, **$MLPI** checks off a lot of boxes & covers their bases. It gives you exposure to several midstream energy companies, produces a \~13.5-14% monthly yield, much of that classified as Return of Capital (ROC), & it handles the complex taxes for you, giving you a regular 1099 instead of a K-1 🤙