He is the richest person in history.
Warren Buffett ? At his peak, Buffett'swealth is less than
this man's fortune.
Bill Gates doesn't even come close. Neither does Wal-Mart
founder Sam Walton or telecom magnate -- and current richest man
in the world -- Carlos Slim.
None of these men can hold a candle to the $336 billion
fortune (adjusted forinflation ) amassed by a name synonymous
with wealth: John D. Rockefeller.
But when I tell you I've found what Icall my
"Rockefeller"investment , I'm not saying it because I think
itwill make us billionaires -- even though I'd love to be able to
No, I call it my "Rockefeller" investment because of what this
company invests in.
Thisstock owns a rare breed of assets that are nearly
impossible for small investors like you and me to purchase
directly. Typically, only major companies or industrial titans
like Rockefeller can buy them.
Most people know Rockefeller became rich through his company,
Standard Oil. And while I want to invest in the same sort of
business that he did, my "Rockefeller" pick has nothing to do
But that's fine by me, because when you look closely at
exactly WHY Rockefeller got rich, you realize Standard Oil didn't
turn Rockefeller into a billionaire simply because it was in the
No, Standard Oil made Rockefeller the richest man in history
because the company held a
in itsmarket ... while also paying a fatdividend on theshares he
And now, I've found an investment --
Brookfield Infrastructure (
-- that lets you own stakes in dozens of infrastructure
monopolies across the entire world. And in addition tocapital
gains , it pays investors a 4.4% dividend eachyear to own it.
In total, about
85% of thepartnership 'srevenues are under contracts or
Meanwhile, those practically guaranteed revenues are coming from
one of the most compelling portfolios I've ever seen.
The partnership has a stake in electric grids in Chile. It
holds railroads in Australia... ports all over Europe... coal
facilities in Australia... toll roads in South America... and
timberland in the United States and Canada. These are assets that
no one can compete with. A competitor isn't going to build
another electric grid or a new port.
I can only think of one, maybe two other places where you can
invest in a stable group of monopolistic holdings this broad from
all over the planet.
But any "Rockefeller" idea would be incomplete if it ignored
dividends. After all, it was Rockefeller who once quipped: "Do
you know the only thing that gives me pleasure? It's to see my
dividends coming in."
Right now BIP pays $0.43 per unit each quarter. That's a 56%
increase over just the past two years.
But I think thatyield is going to rise. Not only does
Brookfield explicitly state its aim is to raise its distributions
3% to 7% a year, but it also aims to return 60% to 70% of
itsincome to investors in the form of dividends. In the most
recent quarter, Brookfield paid just 59%. I'm predicting the
company will raise its distributions in the coming months to
reach its targetpayout ratio .
It's pretty obvious to see that I like BIP, but I will admit
-- I am biased. Brookfield Infrastructure is one of my "10
BestStocks to Hold Forever," and I also hold shares in my
$100,000 real-money portfolio for
Top 10 Stocks
Action to Take -->
That's not to say there isn't any risk of owning BIP. In the
market sell-off, it fell too, although not as much as the broader
market... and it rebounded quickly. But if you're looking for a
long-term holding that pays a solid dividend, I think Brookfield
Infrastructure is worth further research.
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