Most of the distributions are tax free or tax deferred (check with your tax advisor for all the details). It's an investment vehicle that normally purchases energy related assets... Others trade on the stock exchange.

As you might have guessed, I found an MLP I really like... The company runs the assets and distributes most of their profits back to shareholders. How to Make Money by Investing in MLPs Over the weekend, I was discussing different investment strategies with a friend. Often the MLPs are in great (and simple) businesses. The discussion took an interesting turn...

But first, let me explain why I like MLPs in general. That means anybody with a regular trading account can buy and sell an MLP. We started discussing an investment most people have never heard of - MLPs.

We on the couch sipping coffee and debating the pros and cons of stocks, bonds, mutual funds, and ETFs. MLP stands for Master Limited Partnership. So, I know what you're thinking...

Those are the ones I'm going to focus on today.

Some MLPs own oil and natural gas pipelines.