When it comes to investing like the world’s best, that doesn’t necessarily mean you have to have the world’s biggest bank account.
You just have to follow the same simple guidelines: invest for the long haul.
Beyond that, investors should look for stocks that have strong brand power, low cost of production compared to their peers, and can repeat the same sales for years to come.
If you’re looking into new stocks to invest in, you don’t necessarily have to be looking for high-risk, high-reward options. Instead, even during an economic peak or valley, your investment should continue to do well if you’re planning to hold onto it for years to come.
Right now is actually a great time to be doing this, and there are some companies out there that some of the biggest investors in the world are starting to put their money on.
BlackBerry (TSX:BB)(NYSE:BB) may not be what it once was, but that’s likely a good thing. The company that brought you BBM created a trend, and trends die; as did this company, frankly. But BlackBerry is now back from the dead and investing in an entirely new stream of production.
BlackBerry is now an enterprise software company, with a current focus on cybersecurity, the company acquiring Cylance in early 2019. While acquisitions like this will bring the company’s top line down in the short term, over the long term is the start of real a real growth opportunity. The stock may only reach $16 per share by the end of the year, but that leaves plenty of room to grow.
Brookfield Infrastructure Partners (TSX:BIP.UN)(NYSE:BIP) is on the opposite spectrum, currently at an all-time high at $55.75 per share at the time of writing. But again, if you’re looking for a long-term buy, this one provides an excellent opportunity.
The biggest clue for investors should be the company’s share split announcement back in 2016, when the company issued new shares to shareholders turning, say, 100 shares to 150 shares overnight. Since then, a share-repurchase plan was also put in place for 13.82 million shares, which management only does when they believe shares are undervalued.
And frankly, it likely is. This company has been one of the most reliable on the TSX for years, outpacing its market average. That isn’t set to change as the company has a number of infrastructure projects in the pipeline (pardon the pun) for years to come and cash flow continuing to come in from literally around the world.
Another company at an all-time high is Royal Bank of Canada (TSX:RY)(NYSE:RY). Now, as I’ve recommended in the past, you could wait for this stock to drop before buying, which it’s likely to do. A housing crisis will certainly hurt Royal Bank, and an incoming recession will definitely provide a buying opportunity in the near future.
But again, if you’re planning on purchasing for the long haul, it shouldn’t scare you that you’re not buying at drastically low prices. Honestly, any dramatic dips have quickly rebounded within a month or so if you look at this stock’s historical performance, so I wouldn’t fret all that much.
Instead, look at how this bank has managed to rebound after any catastrophe, and its room to grow. After the Great Recession it fared as one of the best banks in the world coming out of 2008, and its recent focus on growing its wealth and commercial clients in the U.S. should provide the company with some serious growth coming out of next year. In fact, analysts predict the stock could rise to $130 in the next 12 months.
Marijuana was legalized across Canada on October 17th, and a little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.
Besides making key partnerships with Facebook and Amazon, they’ve just made a game-changing deal with the Ontario government.
One grassroots Canadian company has already begun introducing this technology to the market – which is why legendary Canadian investor Iain Butler thinks they have a leg up on Amazon in this once-in-a-generation tech race.
This is the company we think you should strongly consider having in your portfolio if you want to position yourself wisely for the coming marijuana boom.
Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool owns shares of BlackBerry. BlackBerry and Brookfield Infrastructure Partners are recommendations of Stock Advisor Canada.