1 share unavailable that I would buy for my Stocks and Shares ISA

I believe that a Stocks and Shares ISA is a great investment vehicle to help you build wealth. If you are a regular reader, you may know that it is a favourite of Foolish!

Let me explain why I’m a fan, and describe the one share I’d happily buy to make the most of my ISA.

Why this ISA?

There are a few reasons why this particular type of ISA is appealing to me. When it comes to building wealth, dividends are a great way to help me do that.

If I buy shares in an ISA, any dividends I receive are tax-free, meaning I can keep them, which will help me build up a pot of money faster. I can even let them compound over a few years to really grow that pot.

Please note that tax treatment depends on each client’s individual circumstances and may change in the future. The content of this article is provided for informational purposes only. It is not intended to, and does not, constitute tax advice of any kind. Readers are responsible for conducting their own due diligence and obtaining professional advice before making any investment decisions.

Another attractive aspect of an ISA is the generous limit I can invest. I can invest up to £20,000 in a year. I may not have £20,000 a year, but if I have the funds to invest, I can increase that amount. This gives me a lot of flexibility to really use my money to help me build wealth for the future.

Infrastructure construction

If I had any funds to invest, I would buy BBGI Infrastructure (LSE:BBGI) shares into my own ISA account.

As the name suggests, BBGI is an investment company listed on the Warsaw Stock Exchange. FTSE250 which invests in infrastructure projects around the world. It covers territories such as Europe, North America, and Australia. This type of infrastructure includes basic services such as roads, hospitals, and schools.

Shares have been up and down in the past 12 months, a result of higher interest rates, inflation and general economic turbulence. They are roughly where they started, from 133p this time last year to 132p now.

This brings me to my pessimistic view of the business and the issues that could reduce profits and returns. Unfortunately, economic problems, higher interest rates and inflation could lead to spending cuts, especially for large infrastructure projects. BBGI could find earrings and returns strained by the current malaise we find ourselves in.

Moving on to the other side of the coin, I think BBGI has defensive attributes. This is due to the fundamental nature of the projects it invests in, as well as the fact that they are government-backed. This can add a layer of security to the entire project.

From a fundamental perspective, the dividend yield of 6.2% is extremely attractive. For context, FTSE100 average is 3.6%. However, I understand that dividends are never guaranteed. In addition, the stock is currently trading at a 10% discount to current net asset value, which is another feather in the cap of my investment case.

Overall, BBGI has a good presence, solid fundamentals and a potentially lucrative business model for years to come. This could help the dividends flow and help me grow my ISA and build wealth.