5 Smartest Investments You Can Make Right Now

One is a real estate investment trust focused on self-storage. The other is a provider of in-home services for seniors.

5 Smartest Investments You Can Make Right Now

While stock prices have been soaring, many investors have been cautious about putting new money into the market. Stocks are expensive, and many of the hottest investments, like technology and health care, are already at or near record highs.

For many investors, the smartest thing to do right now is to put their money in safe and boring stocks like utility companies and real estate trusts that can generate healthy returns even if the economy is weak.

Here are five of the smartest investments you can make right now.

  1. Extra Space Storage

Extra Space Storage (EXR) is a real estate investment trust (REIT) and the largest self-storage operator in the United States. The company owns and operates more than 1,500 self-storage facilities across the country.

Self-storage is a recession-resistant industry. When people are struggling financially, they often need to downsize their homes and rent storage units to store their belongings. Self-storage companies also tend to have high occupancy rates and generate healthy profits.

Extra Space Storage is a well-run company that has increased its dividend for nine consecutive years. The company’s dividend yields 3.4%.

  1. Brookfield Infrastructure Partners

Brookfield Infrastructure Partners (BIP) is a publicly traded partnership that owns and operates infrastructure assets in North and South America, Australia, Europe, and Asia.

Brookfield’s assets include pipelines, railways, ports, roads, energy generation and transmission assets, and data centers. The company generates revenue from user fees and long-term contracts.

Brookfield Infrastructure has a strong track record of growing its business. The company has increased its funds from operations (FFO) per unit at a compound annual growth rate of 14% since 2006.

The company’s dividend yields 3.6%.

Invest Your Money

  1. Home Depot

Home Depot (HD) is one of the largest home improvement retailers in the world. The company operates more than 2,200 stores across the United States, Canada, Mexico, and China.

Home Depot is a fantastic company that generates a significant amount of free cash flow. The company has increased its dividend for 11 consecutive years.

Home Depot’s dividend yields 2.2%.

  1. Philip Morris International

Philip Morris International (PM) is one of the largest tobacco companies in the world. The company sells cigarettes under the Marlboro and other brands.

Philip Morris has increased its dividend for 10 consecutive years. The company’s dividend yields 5.1%.

  1. Home Instead

Home Instead (HIC) is one of the largest providers of in-home services for seniors. The company operates more than 1,200 offices across the United States, Canada, Japan, Portugal, Australia, New Zealand, Ireland, Taiwan, Switzerland, and the United Kingdom.

Home Instead’s services include companionship, personal care, homemaking, and transportation. The company’s franchisees are backed by a large corporate organization that provides marketing, training, and other support.

Home Instead is a fantastic business with a strong competitive advantage. The company has increased its dividend for 13 consecutive years.