Certain stocks present themselves as unique investment opportunities that only arise once in a decade. These stocks have the potential for exceptional growth, especially during distinctive market conditions or periods of breakthrough innovations. In the past, stocks such as those in the Magnificent Seven category have yielded remarkable returns, with some even exceeding 1,000% over a decade when purchased at the right time – often during market disruption, economic downturns, or at an early stage of development.
For instance, amidst the 2008-2009 financial crisis, the stock price of a well-known company dropped significantly, only to rise to extraordinary levels within a decade, resulting in a return of over 5,000%. These opportunities are rare but can significantly benefit investors who possess foresight, timing, and the ability to withstand market volatility.
Even if investors don’t reach such astronomical heights, there is still the potential for substantial gains. Three specific stocks provide investors with this chance for growth.
Dream Industrial REIT stands out as a reliable investment option for generating long-term passive income. With a forward annual dividend yield of 5.48%, Dream Industrial boasts a diversified revenue stream from its extensive portfolio of industrial properties across Canada, Europe, and the U.S. The REIT’s high-quality assets and operating margin of 71.21% enhance its ability to deliver solid returns.
Northland Power, listed on the TSX, is another viable choice for investors seeking long-term passive income, especially in the renewable energy sector. With a forward annual dividend yield of 5.13%, Northland Power’s operational efficiency and substantial revenue base highlight its financial health and commitment to clean energy projects.
Great-West Lifeco is a top pick for individuals looking to secure long-term passive income. With a forward annual dividend yield of 5.29% and a consistent history of dividend payouts, Great-West Lifeco offers reliable income. Its strong financial performance, evidenced by a trailing P/E of 10.56 and impressive quarterly earnings growth, positions it as a valuable option for investors seeking stability and growth potential.
