Long-term investing can work for anyone because time does most of the heavy lifting that short-term forecasting cannot do. Over a ten-year period, you can weather recessions, interest rate cycles, and panic headlines while strong companies continue to grow cash flow and reinvest. A decade is also long enough for management teams to prove they can execute through more than one “once-in-a-generation” moment, which now seems to arrive every few years. So today, let’s take a look at some long-term holding periods for your consideration.
Source: Getty Images
WPM
Wheaton Precious Metals (TSX:WPM) is a streaming company, not a miner, and that distinction matters for a 10-year “buy it and forget it” choice. It finances mining projects in advance and then purchases the metal production at low fixed costs through long-term contracts. Over the past year, the country has benefited from stronger precious metals prices, a desire for growth without taking operational risks, and flexibility without debt.
The numbers looked strong. In the third quarter of 2025, it reported revenue of $476 million, net income of $367 million, adjusted net income of $281 million and operating cash flow of $383 million. It ended the quarter with $1.2 billion in cash and no debt. It also shows confidence in the long term, forecasting production growth of roughly 50% to around 1.2 million gold equivalent ounces by 2030. Valuation is the key trade-off, trading at 71 times earnings and 37 times forward earnings. So there is a risk that a cooler gold cycle will compress the multiple even if the business remains strong.
For a long-term investor who wants exposure to precious metals but not the hassle of owning a miner, Wheaton is a smart way to get there — and its balance sheet gives you room to sustain a tough cycle.
GRT
Granite REIT (TSX:GRT.UN) is a warehouse and industrial lessor, which may feel like the kind of quiet compounder you want for a 10-year term. It owns modern logistics and industrial buildings, collects rent from high-quality tenants and typically benefits from long-term leases and built-in rent steps. Over the past year, the company continued to focus on growth through rent increases and development, as well as delivering a very clear P&L statement to investors by meaningfully increasing distribution.
Recent operating performance has remained solid. In the third quarter of 2025, the company delivered funds from operations (FFO) per unit of $1.48 and adjusted FFO per unit of $1.26, and raised 2025 guidance to FFO per unit from $5.83 to $5.90 and AFFO per unit from $5.03 to $5.10. It has also paid a monthly benefit of $0.2958 per unit, which works out to about $3.55 if that level holds.
If you want real assets, monthly income, and a business that should only become more valuable as e-commerce requires more and more warehouses, Granite is a smart choice for 10 years.
FFH
Fairfax Financial (TSX:FFH) may be the purest buy-and-forget compounder on this list, because it combines insurance money with long-term investing, and patience. It manages property and casualty insurers around the world, collecting premiums up front and investing that capital while striving to grow book value per share over time. Over the past year, it continued to prove that the model still works, acting as a disciplined capital allocator, as well as making headlines for dealmaking, such as its involvement in a go-private transaction for Kennedy-Wilson.
The 2025 results were the kind to calm long-term holders. It reported net income of $4.78 billion, or $213.78 per diluted share, and its book value per share grew to $1,260.19, an increase of 20.5%, adjusted for a $15 dividend. From a valuation perspective, things still look surprisingly good for the track record, with a share price of 8.3 times earnings and a price-to-book value of around 1.24. Over the past decade, the combination of underwriting and investing has historically provided multiple ways to win.
With a price-to-book value of 1.24 and a return on book value of more than 20% last year, Fairfax is the kind of stock that rewards patient investors – and can punish those who sell too quickly.
In short
Investors who tend to win ten years from now aren’t the ones chasing today’s hottest stocks. It’s the investors who buy companies that have multiple ways to win… and then stay out of their own way.
Wheaton offers you a low-capital way to profit from precious metals with a strong balance sheet, even as valuations may fluctuate. Granite gives you real assets and recurring rent, with a clear cash flow framework and monthly income. Fairfax offers you a rare compounding machine that can turn volatility into opportunity. None of these are perfect, but together these Canadian stocks seem built for the only asset investors can control: time.
If you want to continue building your wealth based on long-term thinking, take a look Stock Advisor Canadaan investing service built for people who plan for years, not days.
#stocks #longterm #Canadian #investor