BAM is a high-quality buy due to accelerating fundamentals (15-20% earnings growth), strong dividend growth (15%), and a historically low valuation (21x forward PE).

And I completely agree with Bruce Flat and this is one of the main reasons why I am buying more road and BAM in my portfolio. So, as I just said, I am continuing to buy more Brookfield Asset Management and Construction Partners in my portfolio and these are the two main stocks that I am continuing to buy.

They're pretty much the only two stocks that I am buying right now. I simply think that both of these stocks have been hit unjustifiably by higher interest rates and higher oil price fears.

Brookfield Asset Management's fundamentals are actually accelerating and the business just had its investor day which I covered on my channel and they are expecting to compound their earnings by 15 to 20% annually over the next 5 years.

This is also a business that pays a 4.5% dividend yield on the share price today and it is expecting to compound that dividend by 15% annually over the next 5 years and over the long term.

That means the dividend yield should double every 5 years. Which also means that the dividend yield on cost of the shares purchased today could be 9% over the next 5 years, 18% over the next 10, and then 36% over the next 15 if they can actually continue compounding the business by 15% annually. And I believe they will.

And when you think about it, at a 4.5% going in dividend yield, the share price only needs to compound by 5.5% annually from here to give me a 10% compounded annual return over the long term, which I don't think is very challenging for this business to do at all.

Brookfield Asset Management is also trading for a 21 forward PE, which is right around the lowest it has ever traded for in the public markets. And I think that is just an absolute steal for such a high quality business that is going to continue growing by 15 to 20% per year.

To put it simply, I think Brookfield Asset Management is one of the most attractive stocks in terms of riskreward in the entire market right now.

I don't think it's going to produce 30% plus annual returns from here. But in terms of a very low risk, potentially high 15 to 20% compounded annual return over the next 5 to 10 years, I think there's almost nothing better in the market as a longerterm investor.

So that is why I have been continuing to add so much BAM to my portfolio and I will continue to do so if it remains in this range.