===== MLP notes =====

Now, if you have a MLP and it grows at say 8% per year in distribution, the unit price will likely grow at 8% so the yield is constant. Thus 7% yield and 8% growth = total return of 15%. 7% realized and 8% un-realized.

In this case, growth is the larger part of your return. See why growth is king?

Consider a middle of the road like MMP. They increased their dist. 28Q in a row. Perfect score. Of course the growth rate is important, but consistency is nice also.

MMP returned +127% total return for 5 years to date which is +17.8% per year average.

ETP did +325% so note, MMP is just a nice middle of the road one. I can live with 17% per year.
To date 5-4-08

ps I own MMP and ETP as well as EPD, PAA, APL, KMP.

I selected my group by using this: At least 5 years of growth, growth trend above inflation, and consistent.