ThaBigFella LSU Fan baton rouge Member since Apr 2006 2043 posts
re: If you were to pick 10 stocks today and hold them for 10 yearsPosted by ThaBigFella on 6/21/13 at 11:35 am to BayouBengal
ya KMP is an MLP, wait till you see the tax ramifications of owning it if you ever sell, that 6% tax free distribution ends up being a headache, thats why KMI is the play I went with, you dont have to deal with a k-1 form at tax time and honestly KMI owns the general partner KMP and KMR
follow the money, richard kinder, who in my opinion is one of the best CEO's around, has no salary and his entire pay is KMI stock, thats his incentive to keep it growing
from here on KMI will be boosting its dividend significantly and thus the share price will grow nicely alongside it, KMP will be boosting the dividend at a lower rate but that extra 2% over KMI is very nice
overall, same company, different tax consequences, can't go wrong with either.