My friends who don't fully get my stock-buying habits often ask "if you could own one stock for the rest of your life," or "if you had just one stock to own while you were stranded on a desert island for years," what that stock might be.
They expect me to name some tech giant trading at multiples so high I'd need a NASA spacesuit to own it, or some biotech "just about" to "change the world," despite the very long odds on blind biotech bets.
Or a driverless car company... or a drone manufacturer... or some other firm making a device that everyone expects to be ubiquitous in a few years...
All super-sexy, exciting businesses, absolutely; fun to read about and speculate on, but not my cup of tea.
Why? Because I have no idea which tech company will own 90% of the planet in 50 years, or which will be replaced in five years by a couple of dudes in Toledo building a gaming system in their garage.
When and if they reveal themselves, and they're selling cheap, maybe I'll buy 'em - maybe.
But I'd definitely buy the one company that'll make it possible for all these futuristic, expensive, super-sexy mega caps to do business at all...
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Stick with the Companies That Own All the Rest
These futuristic, expensive, super-sexy mega caps - whoever they might be - will need space for labs, offices, and warehouses. They'll need electricity, fuel, water, infrastructure, IT, sewerage, and a whole lot more.
And they'll need it for decades, through all the innovation, attrition, turnover, expansion - whatever.
It's time to shake things up a bit - the most interesting man in finance has an important message...
It's a proven moneymaking thesis as old as time; much like Levi Strauss got richer than any forty-niner during the California Gold Rush, you get rich and stay that way selling the basics to the explorers.
And the company I'm showing you today does all of that - and also happens to trade at one of the best values I've seen this year...
The one stock I'd own for the rest of my years would be Brookfield Asset Management Inc. (NYSE: BAM).
The Toronto-based Brookfield manages $285 billion in assets for itself and its clients.
Brookfield has many fingers in many extremely lucrative pies...
It invests in real estate, infrastructure projects, renewable energy, and private equity with properties, projects, and companies all over the globe.
Brookfield was founded in 1899 as a Brazilian streetcar producer but has since evolved into a successful global asset manager.
It's been an eventful, profitable 120 years.
The company is split up into four publicly traded businesses: There's real estate arm Brookfield Property Partners LP (NYSE: BPY), Brookfield Renewable Partners LP (NYSE: BEP), 30% of Brookfield Infrastructure Partners LP (NYSE: BIP), and 68% of Brookfield Business Partners LP (NYSE: BBU).
The company's real estate divisions, including Brookfield Property Partners, own 261 office properties around the world.
These include premier properties in key gateway cities in the United States, Europe, Canada, Australia, Brazil, India, and South Korea.
Not to mention the firm has 47 million square feet of logistics properties for e-commerce firms, 135 housing communities, and 27,700 apartments in the United States.
The infrastructure business owns electrical utilities in North and South America, the United Kingdom, and Australia. There are cell phone towers and fiber-optic backbones in France.
It owns and operates 37 ports around the world, operates railroads in Australia and the UK, and owns 4,000 kilometers of toll roads in Australia and South America. It owns 3.7 million acres of timberlands and 650,000 acres of agriculture operations that include grain crops, sugarcane, and cattle grazing worldwide.
Brookfield has pipelines and other energy distribution networks in the United States, Australia, and Canada.
But it's renewable energy that'll be one of the fastest-growing sectors for decades, and Brookfield is a leader in the industry.
It is currently the largest independently owned hydroelectric operator, with 217 hydroelectric generation facilities located on 81 rivers in North and South America.
Brookfield also owns 60 wind facilities with an installed capacity of more than 3,500 megawatts and are looking to develop more in the Americas, Europe, and Asia.
The company also has 1,100 megawatts of utility-scale solar plants in North America, South America, Europe, and Asia.
It is a leader in distributed energy with facilities capable of generating 400 megawatts here in the United States.
Batteries and storage are hot topics these days, and Brookfield is a leader here as well.
It has 2,700 megawatts of pumped hydro and battery storage facilities in the United States and the UK.
A lot of money will be made investing in renewable energy, and owning Brookfield Asset Management will enable me to be sure I get my fair share - and a little extra.
The private equity part of Brookfield Asset Management owns companies in the services sector of the economy, including gas stations, real estate brokerage, financial services, and facilities management.
The industrial portfolio owns companies that produce graphite electrodes and building and construction products, metals and mining operations in Canada, and the largest water and wastewater company in Brazil.
It owns energy companies including exploration and production companies, offshore transportation and production service companies, as well as contract drilling and service companies.
The private equity operation also owns real estate development operations in North America and Brazil.
I could go on... but you can see now that owning Brookfield means you own a stunning collection of assets that interacts with and provides services to tens of millions of people around the world - day in, day out.
The Folks Running the Show at Brookfield Are the Best
The management here boast an impressive track record. This claim is backed up not just by the performance of the stock, which is outstanding, but more importantly by the sheer mass of the company owned by insiders.
Insiders own about 20% of the company, and CEO Bruce Flatt has over a billion dollars invested in the company.
Remember, insiders sell for lots of reasons, but they only buy for one. Brookfield's leadership are playing the game - well - with their own money. I love that, and I feel perfectly confident putting my hard-earned money in their hands.
And I feel confident recommending you do the same now, and in the decades of change and growth ahead. This is a stock to own for the long haul, folks.
These 3 Stocks Are the Key to 2019's Greatest Profits
The 2018 midterm election was a turning point for the cannabis industry.
We expect nothing short of historic profits by the end of the year.
But not all pot stocks will hand you life-changing wins. In fact, often the companies making headlines are least likely to see the biggest gains.
These three stocks, on the other hand, are flying under the radar... for now. Each of them could see exponential stock price acceleration at any moment, and if you get in before that happens, you could turn a token stake into a lifetime of wealth.
I don't know of any other sector providing anywhere near this level of growth now.
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of Peak Yield Investor.