This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Build a Strong Portfolio With These 2 Stocks

Stocks in this article: BX OLP T TWX

NEW YORK ( TheStreet) -- German philosopher G.W.F. Hegel opined, "Property is the first embodiment of freedom." Most would wholeheartedly agree.

Recently, I was reading an article in the Oct. 8 edition of Fortune magazine and discovered who is America's number 1 owner of private land. Care to guess who that would be?

My guess would have been Ted Turner but, alas, he is now #2. The top spot, the largest private landowner in this country, is John Malone. According to The Land Report magazine, Malone owns an estimated 2.2 million acres of U.S. of woodlands, ranch land and cropland.





He's still behind the individual who owns the most land in the world, Britain's Queen Elizabeth II, and that's because she technically owns places like Canada and Australia, her "Commonwealth." I'm sure Malone doesn't mind, because as a billionaire he can just keep buying all the property he wants.

Malone made his billions by prescient business decisions, like being early to the party on the value of cable TV and media businesses. He was also good at executing some complex financial deals in the world of telecommunications. He worked for 25 years for one of the legends of the telecommunications industry, Bob Magness, who owned a start-up cable-television company called Tele-Communications Inc.

It later became known as TCI, and Malone worked hard and long to build it into what would become the second-largest cable-TV company in the nation, after Time Warner (TWX) . In 199 Malone sold TCI to AT&T (T) for $48 billion.





Shortly thereafter, Malone purchased the 80,000-acre Silver Spur ranch in Saratoga, Wy., his first major land deal. That whet his appetite to search for more property to buy. His friend Ted Turner turned Malone on to "the idea of investing in land ownership and stewardship." As Malone told Fortune, "Ted...was the one who gave me the concept that you could do well and do good in landownership."

You can indirectly participate in the benefits of residential property ownership where the objective is buying low, collecting rent on these properties and then, when these properties appreciate fully, sell. This can be done by buying shares of Blackstone Group (BX - Get Report).

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs