CA - Brookfield Asset Management: A 4% Yielding Growth Powerhouse In My IRA

2024-05-27 07:00:00 ET

Summary

• Brookfield Asset Management is a top investment idea for the next 20 years. It's the fourth-largest holding in my family fund.
• The company pays a 4% dividend and has a strong track record of delivering solid returns. 20% returns for 40 years, with guidance for similar returns for the next 20.
• Brookfield has a bright future with growth potential in various markets, including insurance, private credit, global infrastructure, and the AI and green energy revolutions.
• Brookfield is led by Bruce Flatt, Howard Marks, and Mark Carney, three industry legends who have built a strong culture of Berkshire, like integrity and investor trust.
• I'm so confident in Brookfield's growth plans, including doubling fee-earnings assets in the next five years, I've invested 6% of my family fund and 100% of my IRA into BAM. Why pay 5% hedge fund fees when you can earn 4% to own the Berkshire of hedge fund managers?

Brookfield Asset Management ( BAM ) (BAM:CA) is one of my highest conviction investing ideas for the next 20 years. That's why it's the fourth-largest holding in my ZEUS Family fund, making up 6% of the portfolio.

It's also 100% of my SEP IRA. Why is that? Because I'm using my IRA as an "alternative asset class."

If my family fund (taxable account) is 70% stocks, 30% bonds, and managed futures, I use my IRA as another asset class....

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