Invest Like a Billionaire and Buy These 5 Canadian Companies

Ken Fisher offers up 5 great Canadian companies to own for the long-term.

| More on:

In his recent Forbes column, Ken Fisher, the 28-year Forbes columnist, money manager, best-selling author, and billionaire discussed the Canadian market.  To summarize, he likes it!

His focus was specifically targeted towards the hedge funds that are betting against our market because of its exposure to commodities.  Though we are no doubt exposed, Fisher rightly notes, there’s more to Canada than just commodities.

He goes on to summarize his 5 best Canadian stock ideas:

Company Name

Current Price

Current Yield

Manulife Financial (TSX:MFC)

$16.00

3.25%

Thomson Reuters (TSX:TRI)

$33.81

3.95%

TransCanada Pipeline (TSX:TRP)

$46.25

3.98%

Royal Bank (TSX:RY)

$59.20

4.26%

Potash (TSX:POT)

$41.22

3.45%

Source:  Forbes.com

Fisher has suggested a collection of names that you could buy today, forget about, and realize in 10 years that you’re a significantly wealthier individual.

All 5 offer a solid yield of between 3-4% and all offer excellent long-term prospects.

The only name that perhaps warrants some degree of caution, in my opinion, is Thomson Reuters.  As Fisher notes in his article, the company has massive scale, and once it gets its offering through the door, so to speak, it becomes very difficult to live without the services that Thomson offers.  The issue however is competition.  The industry in which Thomson participates is highly competitive and this has hampered the company’s ability to grow organically and weighed on margins in recent years.  More importantly, this dynamic is unlikely to change.

Foolish Takeaway

The structure of our market as compiled by the S&P/TSX Composite Index is flawed due its significant exposure to resource stocks.  However, underlying the headline Index, there is a collection of great Canadian businesses, as Fisher points out.  For 5 more Canadian stock ideas that fit into the same mold as those offered up Fisher click here now to download our special FREE report5 Companies That Will Replace Your Canadian Index Fund”.

The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool Canada’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.

Follow us on Twitter and Facebook for the latest in Foolish investing.

Fool contributor Iain Butler is short $40 July 2013 put options on Potash and owns shares in Potash outright.  The Motley Fool has no position in any stocks mentioned at this time. 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

More on Investing

woman analyze data
Dividend Stocks

The Smartest Dividend Stocks to Buy With $1,000 Right Now

Do you have some cash to invest but want to earn a safe, low-risk dividend return? These dividend stocks are…

Read more »

Safety helmets and gloves hang from a rack on a mining site.
Metals and Mining Stocks

What to Know About Canadian Mining Stocks for 2025

Several factors, including global economic stability and trade policies, could play an important role in driving Canadian mining stocks in…

Read more »

An investor uses a tablet
Dividend Stocks

5 Canadian Dividend Stocks I Think Everyone Should Own

These Canadian stocks have a solid track record of dividend growth and offer compelling yields near their current market price.

Read more »

calculate and analyze stock
Dividend Stocks

This 4.4% Dividend Stock Pays Cash Every Single Month

This high-quality Canadian dividend stock offers an attractive yield and plenty of long-term growth potential.

Read more »

edit Safe pig, protect money
Dividend Stocks

3 TSX Dividend Aristocrats That Can Weather Any Economic Storm

Market volatility has investors wondering which stocks can withstand an economic storm. Here are three to consider today.

Read more »

Digital background depicting innovative technologies in (AI) artificial systems, neural interfaces and internet machine learning technologies
Tech Stocks

2 Cheap-Looking Stocks to Could Win in the AI Revolution

It's about time we gave firms like Thomson Reuters (TSX:TRI) a bit more of an AI premium.

Read more »

up arrow on wooden blocks
Stocks for Beginners

1 Under-the-Radar Canadian Stock That Could Soar From Trump’s Tariffs

Not all Canadian stocks are at risk from Trump's tariffs, and this one could be a winner.

Read more »

people relax on mountain ledge
Dividend Stocks

Top Canadian Stocks to Buy for Passive Income 

Are you building a passive income portfolio that can beat inflation and provide higher purchasing power? You could consider buying…

Read more »