This 167-Year-Old Company Has Made Investors A Fortune…
The question of the moment — besides the usual requests for value stock picks — has to be “What kind of investments are best to own right now with the market as topsy-turvy as it is?”
Not a day goes by when we don’t get a dozen inquiries like this one flooding into our inbox. And it’s easy to see why when all you have to do is catch the news or check out the latest market reports.
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It’s a virtual pick-your-poison of disaster scenarios out there… oil’s climb back toward $100 a barrel… the Fed’s meddling with rates… tariffs planned on a half-trillion dollars of Chinese goods … the $247,000,000,000,000 global debt bomb set to explode…
#-ad_banner-#No matter how you cut it, the market is teetering.
But there is an answer of what to own during times like these. Simply put, it’s this: Go after battle-hardened companies that have stood the test of time — and add as many as you can to your portfolio as fast as you can.
Nassim Taleb, who we’ve written about before and who authored The Black Swan: The Impact of the Highly Improbable, calls these kinds of companies “antifragile.” This means they actually grow stronger with time. In the business landscape, they are the rarest of the rare.
The good news when it comes to finding these elusive picks is that my research staff and I have already done thousands of hours of legwork combing through the possibilities. In fact, I’ve built a portfolio with seven future-proof companies, which I call Legacy Assets.
That’s right — there are just seven of them. But this elite set of stocks is so reliable that you can buy it today and hold it for the rest of your life. Or you can pass it on to your kids and grandkids and let it make them an even bigger fortune in the future.
Let me be clear: If you’ve been thinking at all about how to shore up your portfolio or how you’re going to ward off the inevitable next downturn, then you need to check out this report.
To understand what I’m talking about, let me tell you about a company we discovered that has absolutely legendary longevity…
This Is What A Legacy Asset Looks Like
It was founded around the time Napoleon III was staging his coup in France and Isaac Singer was earning a patent on the sewing machine.
When a company has weathered the Civil War, Great Depression, Nuclear Age, and the Great Recession, there’s little doubt it will ride out the next bear market — whenever it should come.
You can see why when you look at the culture of innovation the company has implemented for a century and a half.
Not long after its founding, this company was mass producing Edison’s first incandescent light bulbs. From there it designed everything from climate-proof railroad lanterns… the cookware you use in your home… fiberglass for the earliest Corvettes… the optics in the Hubble Telescope… the world’s first fiber optic cable… materials for your smartphone screen… and the list goes on and on.
Today it makes a synthetic growth surface used for cutting-edge stem cell research among other things.
Talk about staying power.
Yet for some reason, you’ll rarely hear the pundits on TV talk about this remarkable company. In fact, I’m willing to bet that 9 out of 10 investors don’t even know this company exists — let alone know its stock ticker.
This isn’t some micro-cap stock that trades over-the-counter. It’s in the S&P 500 and has been making fortunes for generations — at least for those with the foresight to take advantage.
An investment in this company made just over nine years ago would have tripled by now. And if you’d bought up $10,000 of the stock in 2002, you’d be sitting on close to $170,000 by now.
Asset Performance, 2002-2018
It’s also grown dividends unfailingly for the better part of the last decade. In fact, a $500 payout in 2010 would have grown to $1,800 by now.
With five generations of the founding family leading the charge, the company has had what any investor could possibly want in an asset: consistency of vision and decade upon decade of steadily growing margins.
That’s what decades of profitable cash reserves and managerial smarts and experience can provide for a firm.
So what’s the name of this battle-tested warrior?
Corning (NYSE: GLW).
That’s right… It’s the 167-year-old glass and materials giant that’s been a wealth-growing machine for decades.
How is it that so few individual investors know about this stock? After all, it’s beaten the market by 1,355% in the last 16 years.
That’s because most people are usually looking at all the wrong things when it comes to investing—and it’s why studies show most individual investors can’t beat the market over the long haul.
Why is that?
It’s mostly because they’re too busy chasing the latest fad… the hot new IPO… the groundbreaking technology stock… when a “boring” stock like Corning is staring them right in the face, generating solid returns year after year—and making a fortune for those who are smart enough to see it.
But here’s the thing…
As appealing as it is, Corning did not make the cut for our Legacy Assets Portfolio.
It’s a great business and will probably continue to do well for investors. But it simply didn’t meet all of our criteria to merit inclusion in the Legacy Portfolio.
So which companies actually did make the list?
You can find out by clicking here.
You’ll discover the names and tickers of these seven assets — and see the three secret traits that separate each one from the competition. All of our research is available in my latest report, 7 Legacy Assets to Own Forever.