Monday, December 29, 2008

Selling BIP

Started selling Brookfield Infrastructure Partners (BIP) today. This is the stock I've got as a dividend on my Brookfield Asset Management (BAM) position. The price is low, sure, but I think it's going to stay this way for a while. Reason for selling: I don't want to mess with partnership tax forms. Position isn't big enough, easier to close it.

I really wish US tax code was much simpler.

Full disclosure: at the time of publication author did have a long position in BIP. Positions can change any time.

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