Power Corporation of Canada (TSX:POW), a holding company with stakes in financial services and alternative asset management, has generated more than 240% in total returns over the past five years. However, the conglomerate’s stock still trades at a steep 26.8% discount to net asset value (NAV) today. But with a clear strategy to grow its…
If you’re a Canadian investor hunting for a beaten-down gem on the Toronto Stock Exchange (TSX), goeasy (TSX: GSY) should be on your radar. This magnificent financial services stock is down 28% from its 52-week high of $206 — and I see that as a golden opportunity to load up shares for long-term investors. goeasy has a long history of…
Investing in the right stocks can make all the difference between retiring early with a handsome income or needing to work several years more and still fall short. Fortunately, there are some great stocks to buy on the TSX today. Given an extra $8,000, here’s where I would allocate those funds to my portfolio on…
Earlier today, the U.S. and China made a joint statement in which they announced that they would be lowering tariffs on one another by 115%. The U.S. tariff rate on China will decline from 145% to 30%, while the Chinese tariff rate on the U.S. will go down from 125% to 10%. The biggest tariff…
Canadians have plenty of taxes to contend with, making it incredibly difficult to get the best use out of any savings they have to contribute to their retirement plans or any short- or long-term financial goals. Fortunately, the Tax-Free Savings Account (TFSA) has been a big blessing for Canadians since the account type was introduced in…
If you want to build lasting, reliable wealth, investments that pay month after month could be your top picks. Traditionally, the term “Dividend King” refers to companies with over 50 years of dividend hikes. However, there are some TSX-listed monthly dividend stocks that, despite not fitting this textbook definition, still behave like royalty. One such…
Fiera Capital (TSX: FSZ) is a name that doesn’t always pop to the top of most dividend investor lists, but with a double-digit yield, it’s definitely getting some attention. In a world where guaranteed returns are modest and market uncertainty is everywhere, a dividend yield over 13% tends to turn heads. The real question is:…
When it comes to dividend stocks, their reliability is of utmost importance. After all, we want to know how much income to expect so that we can plan accordingly. Irregular and unreliable income is not the type of income we want. Thankfully, we have dividend champions that can provide us with income that’s predictable, reliable,…
Image source: Getty Images Diversifying your portfolio is something that all investors should be doing. New investors in particular may find that ask daunting, but fortunately, the market gives us plenty of options to choose from. One such option right now is a stellar dividend that is just too cheap to ignore. That stock to…
Putting $1,000 to work on the TSX can be a great way to start, or grow, your investing journey. And what is one of the simplest ways to do it? Exchange-traded funds (ETFs). These handy investments spread your money across dozens or even hundreds of companies, all in one purchase. They’re affordable, low-maintenance, and many…