Just Released: The 5 Best Stocks to Buy in February 2023 [PREMIUM PICKS]

Making money investing in stocks is not hard — often, all you need is patience.

| More on:
top TSX stocks to buy

Source: Getty Images

Premium content from Motley Fool Stock Advisor Canada

“Best Buys Now” Pick #1:

Brookfield Infrastructure Partners (TSX:BIP.UN)

As silly as it might sound, the goal of the vast majority of investors isn’t just to make money “investing” in stocks.

The vast majority want to make A LOT of money. And here’s where people really get into trouble … they want to make A LOT of money really fast. It’s a pursuit that ends up with many people far worse off than if they’d never taken it up in the first place.

The thing is, with the proper framework, making money investing in stocks is relatively easy.

Framework is a great word when it comes to Brookfield Infrastructure Partners (TSX:BIP.UN). After all, here’s a company that owns vast swaths of the very fabric of society: electricity transmission lines, rail track, port terminals, and midstream natural gas pipelines only scratch the surface of the assets in BIP’s portfolio.

BIP has been a wealth-creating machine over the years. This will continue. The global infrastructure giant has delivered nearly 17% annualized total returns since its formation in 2008. That has enabled the company to grow a relatively modest investment into a much more sizable payday. For example, a $500 investment at its formation would have grown into nearly $5,000.

Again, making money investing in stocks is not hard. Making A LOT of money fast is.

With Brookfield’s units (aka stock) selling off over the past year — they’re about 11% below the recent high in April 2022 — it’s trading at an attractive level. Buy shares, leave them be for five years, and you will make money investing in this entity.

“Best Buys Now” Pick #2

Redacted

Want All 5 “Best Buy Now” Stocks? Enter your email address!

The Motley Fool recommends Brookfield Infrastructure Partners. The Motley Fool has a disclosure policy.

More on Stocks for Beginners

Piggy bank and Canadian coins
Stocks for Beginners

TFSA Balances at 30: Where Do Most Canadians Stand?

Canadians aged 30–34 have about $61,882 in unused TFSA contribution room, representing a major missed compounding opportunity.

Read more »

man in bowtie poses with abacus
Dividend Stocks

Here’s What Average 25-Year-Olds Have in a TFSA and RRSP Account

At 25, you don’t need a huge TFSA or RRSP balance to get ahead, you just need to start.

Read more »

workers walk through an office building
Dividend Stocks

Down 60%, This Dividend Stock Is Worth a Closer Look

The ugly slide in Allied Properties REIT shares means its yield is about 8%, but the real bet is whether…

Read more »

Child measures his height on wall. He is growing taller.
Dividend Stocks

The $109,000 TFSA Milestone: How Do You Stack Up?

Most investors hit the $109,000 TFSA milestone with consistent contributions, not one big deposit.

Read more »

Dividend Stocks

3 Canadian Stocks to Buy for a “Pay Me First” Portfolio

A “pay me first” portfolio focuses on dividends that are supported by real cash flow, not headline yields.

Read more »

Bank of Canada Governor Tiff Macklem
Dividend Stocks

The Bank of Canada Speaks Up Again: Here’s What to Buy for a TFSA Now

With rates steady, a balanced TFSA can blend dependable income, a discounted yield opportunity, and long-run growth.

Read more »

young people dance to exercise
Stocks for Beginners

This “Set-it-and-Forget-it” ETF Could Make You a Multi-Millionaire With Almost No Effort

This set-it-and-forget-it ETF tracks the S&P 500 and shows how long‑term investors can build millionaire‑level wealth with almost no effort.

Read more »

three friends eat pizza
Dividend Stocks

A 5.9% Dividend Stock Paying Out Monthly Cash

Boston Pizza’s royalty fund turns restaurant sales into monthly cash, offering a simpler income model than owning a full restaurant…

Read more »