Why I Continue Buying This Ultra-High-Yield Stock Hand Over Fist

January 24, 2023 | Matthew DiLallo | The Motley Fool

I can’t seem to get enough of Blackstone (BX -1.00%) stock these days. I added the leading alternative investment manager to my portfolio last summer and have increased my position four times since then. And I plan to add even more shares of the big-time dividend stock (Blackstone currently yields 6.1% versus 1.7% for the S&P 500) if shares fall further.

While that sizable passive income stream is a big draw, it’s far from the only reason I continue adding to my Blackstone position, which is one of my highest-conviction investments. Here’s why it’s one of my top investment ideas for 2023 and beyond.

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