Course 503:
Unconventional Equities
In this course
1 Introduction
2 Benefits of REITs
3 Drawbacks of REITs
4 Benefits of MLPs
5 Drawbacks of MLPs
6 Benefits of Royalty Trusts
7 Drawbacks of Royalty Trusts
8 The Bottom Line

Our discussion of the stock market would not be complete without an examination of what we might refer to as "unconventional equities." We lump three types of securities into this category: real estate investment trusts (REITs), master limited partnerships (MLPs), and royalty trusts. These securities trade like stocks but carry important differences, particularly with regard to tax treatment. Let's take a look at the benefits and drawbacks of each security type.

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