Brookfield Asset Management Inc (A) (BAM.A.TO)

A must-own. Their infrastructure, renewable power and BBU stocks and divisions are all great and you can own any of them. Their private equity division is on fire and is the real kicker in owning BAM. It'll grow and can own it long term. Of course, buying on dips like 5% is good.

Allan Tong’s Discover Picks Run by smart managers, BAM.A buys alternative assets cheaply in infrastructure, private equity, credit and green energy. A rise in interest rates will hurt BAM.A because it uses a lot of debt, but its assets should appreciate accordingly and offset those declines. BAM.A isn't for income investors, since it pays only a 1% dividend yield, and it isn't a high-flying tech giant like Shopify that you can trade quickly, but BAM.A is virtually guaranteed to keep rising through thick and thin. It's emerged from the pandemic a winner, like a racehorse that's bolted out of the gate since Canada has begun reopening. In the past 12 months, BAM.A has jumped 45%. Read Looking back after 100 weeks of Hot TSX Stocks: BAM, Rails, Garbage for our full analysis.

https://finance.yahoo.com/news/brookfield-announces-record-date-special-104500447.html Today, they announced they will spin off part of their reinsurance business. BAM is a great compounder; you can buy and hold for a long time, because they can compound at a strong rate. Brookfield is a big company with many platforms like renewable energy and real estate, and they always look to optimize valuations. About 15 years ago, Brookfield tried to get into reinsurance, like Berkshire Hathaway. BAM did a similar spin-off a year ago. Their spin-offs perform very well; the market indiscriminately dump shares after them though, so watch this spin-off and wait. This will do very well in time.