Limited partner is someone who backs you financially and receives a share of the profit in return. They are owners but they do not do any day to day running of the company. The general partner in the limited partnership does that.
I forgot from business school what the master limited partnership is....it is different from just the limited partnership though.
Turn around and run, don't look back, there is a sucker born every minute. Don't be that sucker!
Just be aware that you cannot buy them in a retirement account (if US person).
Valuations can be very volatile.
IEP had a high of around $80 about 5 years ago, and is now $16.
Losing 50% or more in value (price per share) is not uncommon. They can also go up a lot. So, you have to time them like any other stock.
IOW, it's not as simple as buying and then sitting back and collecting your 20% per year.
Limited partner is someone who backs you financially and receives a share of the profit in return. They are owners but they do not do any day to day running of the company. The general partner in the limited partnership does that.
I forgot from business school what the master limited partnership is....it is different from just the limited partnership though.