Is Brookfield Asset Management Stock a Millionaire-Maker?
Investors could be looking at Wall Street's next great dividend growth stock.
Brookfield Asset Management (NYSE: BAM) is an interesting dividend stock that many individual investors may not be familiar with. It has generated total returns of 64% since its creation in late 2022, as a spin-off from Brookfield Corporation, one of the world's largest alternative investment companies.
Alternative investments, which are assets beyond stocks, bonds, or cash, can be lucrative but are often riskier and more complex. Individual investors may lack the connections or capital to access them.
It can be confusing to decipher how a company like Brookfield Asset Management makes money, and, more importantly, whether the stock's market-beating returns can make you a millionaire over the long term. A deep dive into the business revealed some promising answers.
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