Image source: Getty Images Despite the growing volatility, the S&P/TSX Composite Index is up 2.5% this month and 6.2% this year. However, concerns over high inflation, geopolitical tensions, and the impact of higher interest rates on the global economy persist. So, investors should look to strengthen their portfolios by adding quality stocks. Here are my…
Image source: Getty Images If you want to compound investment earnings for long periods (like decades), you need to max out your TFSA (Tax-Free Savings Account). Stocks held in a TFSA are safe from all taxation. That means your investments and gains can compound without restraint. You are more likely to hit your financial goals…
Image source: Getty Images Investing over the long term is one of the best strategies as it is less susceptible to short-term fluctuations while delivering superior returns. However, investors should be careful when choosing stocks, as not all stocks will deliver multi-fold returns. Given their healthy growth prospects, I believe the following three stocks can…
Image source: Getty Images Toronto Dominion Bank (TSX:TD) has had a rough go so far in 2024. TD stock may be one of the biggest companies and banks in Canada, and even in the United States. However, that won’t matter if everyone is worried about money laundering probes. That’s why today we’re going to look…
Image source: Getty Images Canadian investors can access dozens of high-quality, generous, and reliable dividend stocks. But even among this lucrative pool of dividend payers, a few stocks stand out for their dividend histories and long-term dividend sustainability prospects. And if you are looking for dividend stocks that you can hold in your Tax-Free Savings…
Image source: Getty Images Contrarian investors seeking high yields from good TSX dividend stocks have an opportunity to buy some top Canadian dividend-growth names at discounted share prices. Buying stocks when they are out of favour requires patience. Cheap stocks can get cheaper before they bounce, but the long-term benefits from the higher dividend yield…
Image source: Getty Images The consumer discretionary or the consumer cyclical sector makes up roughly around 3.6% of the S&P/TSX Composite Index. This sector includes shares of companies that sell goods and services that are considered non-essential, including automobiles, clothing, and leisure. This is one of the key reasons why the performance of this sector…
Image source: Getty Images Whenever you buy a TSX stock, you are making a prediction about its future success. The problem is that the stock market can be incredibly volatile and irrational at times. As a result, a long-term prediction/investment in a stock can temporarily be proved wrong by short-term stock market volatility. That is…
Did you know that there’s a deadline for withdrawing funds from your Registered Retirement Savings Plan (RRSP)? It’s true. No later than your 71st birthday, you must convert your RRSP to a Registered Retirement Income Fund (RRIF) and withdraw money. Mandatory withdrawals start at 5% at age 71 and increase from then on. In a…
Image source: Getty Images Buying a rental property is one of the most common passive income generation methods worldwide. However, it’s not as passive as it seems because a landlord has to either take care of the property or pay someone to do that (which cuts into their profits). A far more passive and effortless…