- William Baldwin is Forbes’ Investment Strategies columnist. By William Baldwin

Own a piece of the midstream via a fund that contains shares of companies transporti­ng fuel, mostly undergroun­d. Of course, in 50 years nothing will be left of this fossilized business, but in the meantime there are nice dividends. Tortoise North American Pipeline (annual expense 0.4%) yields 4.5%. Hold it in a taxable account, where you can get some mileage out of the fact that more than half the distributi­on is not immediatel­y taxable. This fund is a better choice than the more popular Alerian MLP (0.9%), which suffers from a stiffer management fee and a potential corporate tax liability.

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