“People are pushing the risk profile in today’s environment,” Cunnane said in an interview. “There are going to be winners and losers, and this is a red flag.”
A sense that something could go wrong was what led Johns, the retired postal worker, to decide MLPs weren’t for him, even after his 16 percent gain.
“A lot of people in them think they understand, but they really don’t,” Johns said. “I just thought they just weren’t as safe as you might think.”