Image source: Getty Images When the market is soaring, we may forget what goes up also tends to come down. Indeed, many stocks go up in an escalator and down in an elevator. Hence, it is wise to prepare for a recession by investing in top defensive stocks on the Toronto Stock Exchange. Such stocks…
It’s always interesting to see how much savings individuals and households have when they are close to retirement. This information can tell us whether the savings are enough for retirees to lead comfortable lives. The average retirement age in Canada is 65, and according to a Ratehub report, the average 65-year-old has around $129,000 in…
Image source: Getty Images Warren Buffett says, “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” 10 years is a long time. Most businesses turn profitable. And if you buy a magnificent stock at the dip, 10 years can multiply your money severalfold. The TSX is…
Image source: Getty Images Cameco (TSX:CCO), a leading producer of uranium, has seen a notable rise in its stock price over the last year. The nuclear power stock is now up 27% year to date and an incredible 81% in the last year, making it by far one of the best growth stocks out there. However,…
Many tech stocks out there have proven to be growers in the past. But many of these then come crashing down. Which is why today we’re going to look at tech stocks that should make you millions with far less risk. With that in mind, here are three tech stocks that should certainly be on…
Image source: Getty Images Investing doesn’t have to be expensive. Despite the old adage that you need money to make money, no one actually said how much money that needs to be. Hence why we’re looking at cheap stocks that look like strong buys on the TSX today. Ones that you can pick up with…
In this market, it’s hard to find many high-quality companies that are down big. Indeed, many of the top stocks I watch are near all-time highs, and for good reason. Investors are pricing companies such as Manulife Financial (TSX:MFC) reasonably, given their impressive long-term outlook. However, despite being down only 4% since its recent all-time…
As of today, the tax-free savings account, or TFSA, can shelter up to $95,000 from taxes, reflecting the cumulative TFSA contribution limit. This is a significant advantage that’s available to investors – and one that’s worth taking advantage of fully, if you can. Here are 2 stocks that are well-suited for the TFSA, as I…
Image source: Getty Images Dividend-growth stocks offer a compelling mix of income and growth, making them an excellent choice for long-term investors. While the S&P/TSX Composite Index has many well-known dividend payers, some high-potential stocks still fly under the radar and often don’t get the recognition they deserve. Such Canadian dividend stocks that not only…
Image source: Getty Images. The broader TSX Index is in a pretty strange spot right now, now off just over 4% from all-time highs hit just a few weeks ago. Meanwhile, the U.S. stock markets are blasting off, and they really don’t seem to be looking back, with tech in the driver’s seat. I have…