With the second half of the year now well underway, there is plenty of anticipation for what’s to come, especially with interest rates now on the decline in Canada and soon to be reduced south of the border. Higher interest rates have weighed on stocks across various sectors in recent years, meaning a lowering of…
Image source: Getty Images North American stocks have been under pressure lately due to fears of a recession in the United States. As the TSX spikes and dips because of the headwinds, some high-yield dividend stocks bounce along with the market. Laurentian Bank (TSX:LB) and Polaris Renewable Energy (TSX:PIF) underperform but are attractive options for…
Image source: Getty Images Investing in stocks that pay dividends monthly and offer high yields is an excellent strategy for beginning a passive income stream. However, investors must be careful when choosing stocks, as dividends are not guaranteed. Companies can revoke their payouts in case of financial deterioration. If an investor intends to earn $500…
Do you want to earn tax-free savings account (TFSA) income that the Canada Revenue Agency can’t tax? It’s not the hardest thing in the world to do, but there are some mistakes that can lead to you forfeiting your account’s tax-free status. Over-contributing, holding private business shares in a TFSA, and day trading are all…
Do you fancy yourself a risk-seeking investor? Most people wouldn’t describe themselves that way, but depending on your investment strategy, it might accurately describe you. If you hold relatively concentrated portfolios of highly volatile deep value stocks and early stage growth names, then you probably have a higher risk appetite than most. In this article,…
Image source: Getty Images Earnings season continues, and it’s not just the Big Tech names that people should be watching. Especially for Canadian investors who continue to be so interested in dividend stocks. In fact, there was one real estate investment trust (REIT) that received some bad news this week, sending shares down about 4%…
Image source: Getty Images. A dividend yield of over 8% can double your money in nine years through dividend compounding. Now add to it a recovery rally of 25% to 40%. That is the total return of the TSX Composite Index in five years (40%). These dividend stocks could beat the market’s 4.5% average annual…
The Canada Pension Plan (CPP) is a vital part of many Canadians’ retirement income. For 2024, the maximum monthly benefit is $1,937.73. Yet it’s not likely most Canadians will ever see that amount of cash. Still, if you’re aiming to maximize your CPP payouts, understanding how the system works and employing specific strategies throughout your…
Building wealth inside a self-directed Registered Retirement Savings Plan (RRSP) is possible to do over a short period of time by hitting home runs on volatile stocks, but this is a very risky strategy to undertake with your retirement funds. Another popular approach involves buying top dividend-growth stocks and using the distributions to acquire new…
The artificial intelligence megatrend is here to stay, which suggests the time is ripe for investors to take advantage of a rapidly expanding addressable market. In this article, I have identified two cheap dividend stocks as part of the AI gold rush that are poised to deliver outsized gains to investors in the upcoming decade….