Could Buying Energy Transfer Stock Today Set You Up for Life?

Energy Transfer (ET 3.23%) has a very attractive yield at 6.9%. That will draw the eyes of most income investors today, noting that the S&P 500 index has a miserly yield of just 1.2% or so. Even the average energy stock's yield is far lower, at around 3.1%.Before you buy Energy Transfer thinking that it will set you up with a lifetime of income, though, you'll want to consider some facts about the past.Energy Transfer's business looks attractiveEnergy Transfer is what is known as a midstream company. It own ...