Subject: Re: Fixed Income allocation technique
I think the lesson here is that you need to thoroughly understand what you're investing in -- including the income tax ramifications.

Over 30 years ago, I used to invest in Master Limited Partnerships (MLPs) as a way to reduce current year taxable income. I would have done just as well buying BRK and avoiding the more cumbersome tax reporting requirements (i.e., IRS Form K-1) of the MLP.

intercst