Best Retirement Stocks: Brookfield Infrastructure Partners (BIP)
Dividend Yield: 4.6%
The word “infrastructure”pretty much says it all.
President Donald Trump campaigned on the promise of rebuilding America’s infrastructure, and while many of the company’s assets aren’t in the U.S., Brookfield Infrastructure Partners L.P. (NYSE:BIP) understands these types of investments better than most.
The company’s strategy is simple: Acquire good infrastructure assets at value prices, then sell them when they’ve become expensive. Since 2008, BIP has managed to generate a compound annual return of 15% by doing just that.
Recently, Brookfield Infrastructure announced that it was close to acquiring a water irrigation system in Peru for $15 million. It’s buying Latin American assets because they’re cheap (investors might want to consider emerging-market stocks and ETFs) while the hurting economies in Brazil and in other South American countries are starting to improve.
Get in on the ground floor.
It doesn’t hurt that BIP is majority-owned by Brookfield Asset Management Inc (NYSE:BAM), one of the best asset managers in the world. BAM has a dividend yield of 1.5%, so I opted to recommend BIP. But if you’re OK with your returns coming in the form of capital appreciation, Brookfield Asset Managment could treat you just fine.
BIP is one of the best retirement stocks you can buy. There’s not really much else to say.
As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities.