Image source: Getty Images A “cheap” stock is like finding a hidden gem in a thrift store. You’re getting something valuable for a bargain price. Yet when we say a stock is cheap, we’re usually talking about its price relative to its earnings, assets, or cash flow. In other words, you’re paying less for each…
Finding the right high-growth TSX stocks to buy in this current environment isn’t easy. After all, valuations are high. Canadian stocks are often known for their boring and rather consistent returns — relative to other stocks in global markets, that can be enticing to the average investor. The thing is, there are a few exciting…
Image source: Getty Images The global equity markets had begun this month on a weaker note amid recession fears. However, lower-than-expected inflation in the United States erased these fears, driving the equity markets higher. The S&P/TSX Composite Index is up 6.7% from this month’s lows. Amid improving investors’ sentiments, you can buy the following three…
Image source: Getty Images Buying quality TSX stocks on big pullbacks takes courage and requires the patience to ride out additional downside, but the strategy can also deliver meaningful long-term total returns when market sentiment shifts. TD Bank TD (TSX:TD) trades near $80 per share at the time of writing compared to $108 in early…
Image source: Getty Images The last three years have been a roller-coaster ride for businesses, adjusting to the changing consumer trends and escalating capital costs. It was a challenging time for average Canadian households and retirees tackling high grocery prices. Amid such uncertainty, one realizes the need for some reliable sources of income. Stocks of…
Image source: The Motley Fool Warren Buffett is arguably the most popular investor in the world. Also known as the Oracle of Omaha, Buffett has beaten the broader markets by a wide margin for roughly seven decades. Wall Street closely watches the investments made by Buffett as the billionaire has successfully generated significant gains over…
Image source: Getty Images Do you want to live off of passive Tax-Free Savings Account (TFSA) dividend income? It’s a common goal, but it’s not the easiest thing to do. TFSA contribution room is limited, and the TSX index only yields 3%. In the meantime, most stocks pay dividends quarterly, so the “monthly income” thing can…
Image source: Getty Images The Canada Pension Plan (CPP) can be a gift from the heavens. As of 2023, the average monthly benefit for retirees is approximately $760, which equates to around $9,120 annually. However, this amount is significantly lower than what many Canadians need to maintain their standard of living in retirement. Financial experts…
Image source: Getty Images One of the best times to buy a high-yield dividend stock is when they are on the verge of recovering from the slump that pushed their yield to a high level. The reason is that you still have access to the high yield that attracted you to the stock in the…
Energy is back as TSX’s top-performing sector. As of August 15, 2024, the year to date is up 15.07% year to date versus the broad market’s 6.45%. Investors taking positions in the sector could earn two ways: dividends and capital gains. However, if you want sure winners, Imperial Oil (TSX:IMO) and Keyera (TSX:KEY) are the…