BIP - If I Only Had $100 to Invest Here's the 1 Stock I'd Buy Right Now
2023-05-16 08:47:00 ET
I'm routinely adding more cash to my portfolio. On top of that, I don't automatically reinvest my dividends. As a result, cash is continually flowing into my portfolio, giving me more capital to invest.
However, I'm still pretty picky about where I allocate my limited capital. I focus new investments on my highest-conviction ideas. Brookfield Infrastructure Partners (NYSE: BIP) is at the top of that list right now. If I only had $100 to invest, I'd use it to buy a few more units of the leading global infrastructure operator.
Brookfield Infrastructure Partners recently reported strong first-quarter results. The company generated $554 million, or $0.72 per unit, of funds from operations ( FFO ). That was 12% above the prior year period.
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If I Only Had $100 to Invest, Here's the 1 Stock I'd Buy Right Now