The Motley Fool

TFSA Investors: 3 Buy and Hold Stocks for the Coming Decade

Given the massive regulatory, geopolitical, and technological changes over the last ten years, the future may be significantly different.

Millions of people now have legal access to cannabis, unprecedented numbers of electric vehicles are set to flood the streets, and drones are preparing to deliver everything from, Inc. orders to life-saving medical supplies.

Yet not all stocks are prepared for the coming decade. In fact, the vast majority aren’t positioned to take advantage of our impending future.

If you want to compound your money rapidly, this may be your best chance. The following three stock picks may experience volatility, but they’re targeting once-in-a-lifetime opportunities.

Cannabis done right

By 2030, cannabis could be a $100 billion global market, but some top analysts expect sales to eventually top $200 billion. In either case, cannabis is a lucrative opportunity.

Last year, we saw a number of pot stocks surge. In several cases, shares doubled or tripled in value. This year has been a different story.

Even the most reputable marijuana companies have seen their stock prices slashed in half. Volatility should be expected in any early-stage market, just make sure you’re prepared to take advantage.

Since April, HEXO Corp (TSX:HEXO)(NYSE:HEXO) shares have fallen by 70%. The company has faced its fair share of troubles, but it’s undeniably building an incredibly valuable asset: a cannabis platform.

Instead of selling directly to the market, HEXO is partnering with big businesses like Molson Coors Canada Inc. to create co-branded products.

The company is currently looking to acquire additional partners to co-create sleep aids, edibles, cosmetics, and more. Leveraging existing brands in each vertical should help HEXO reach consumers much faster than going it alone.

Buy the suppliers

Everyone is obsessed with Tesla Inc, but they’re ignoring attractive opportunities like Lithium Americas Corp (TSX:LAC)(NYSE:LAC).

Instead of making its own cars, Lithium Americas is focused on supplying the entire electric vehicle industry. That way, no matter which brand ends up winning the consumer war, Lithium Americas will benefit.

The company’s lithium mines in Argentina and Nevada are set to become some of the lowest cost projects in the world. As electric vehicle sales take off, so will demand for lithium. Lithium Americas’ low-cost position ensures healthy profits when selling prices are high while protecting downside when commodity prices slip.

The company’s mines have expected lifespans of 40 years or more, so this story will have plenty of room to run once market traction picks up.

Take to the skies

Canada has some of the most remote communities on the planet, yet the people who live in these areas still need access to everyday supplies, especially emergency medical items. Today, it can take days to reach these communities.

Plus, the cost of transportation is often prohibitive in the first place. Drone Delivery Canada Corp (TSX:FLT) is looking to change that.

Start-ups like Zipline, which operates in Rwanda, are already proving that drone delivery can be cost-effective and significantly faster than traditional approaches. “If Drone Delivery Canada can master domestic drone delivery, it could instantly save consumers and businesses millions of dollars per year while slashing delivery times,” I wrote earlier this month.

The company is being assigned a $135 million value, but the drone delivery market in Canada should eventually be worth at least $1 billion.

This Tiny TSX Stock Could Be the Next Shopify

One little-known Canadian IPO has doubled in value in a matter of months, and renowned Canadian stock picker Iain Butler sees a potential millionaire-maker in waiting...
Because he thinks this fast-growing company looks a lot like Shopify, a stock Iain officially recommended 3 years ago - before it skyrocketed by 1,211%!
Iain and his team just published a detailed report on this tiny TSX stock. Find out how you can access the NEXT Shopify today!

Click here to discover how!

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. David Gardner owns shares of Amazon and Tesla. Tom Gardner owns shares of Tesla. The Motley Fool owns shares of and recommends Amazon and Tesla. The Motley Fool recommends HEXO. and HEXO. Tesla is a recommendation of Stock Advisor Canada. Fool contributor Ryan Vanzo has no position in any stocks mentioned.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss an important event.

Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group.

This is your chance to get in early on what could prove to be very special investment advice.

Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada.

I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. I understand I can unsubscribe from these updates at any time. Please read the Privacy Statement and Terms of Service for more information.