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…
Capping a record quarterly earnings report released on May 22, Nvidia (NASDAQ:NVDA), the biggest winner in the artificial intelligence (AI) trade, announced a historic 10:1 stock split, sparking widespread interest among investors. This move, effective June 10, 2024, marks Nvidia’s sixth share split over the past 24 years, and it comes amidst a period of…
Image source: Getty Images Canadian seniors are searching for top TSX dividend stocks to add to their self-directed Tax-Free Savings Account (TFSA) focused on generating tax-free passive income. Bargain hunters started buying oversold dividend stocks in recent weeks, but many names still look undervalued and offer attractive yields. Enbridge Enbridge (TSX:ENB) raised its dividend in…
Image source: Getty Images The Tax-Free Savings Account (TFSA) has become indispensable for Canadians. You can achieve long-term financial goals, including a comfortable retirement, by maximizing the annual contribution limits. Since money growth in a TFSA is tax-free, your money could grow faster than other investment accounts. Five Canadian stocks have delivered enormous gains in…
Investing in quality stocks and holding them for decades should help shareholders create a retirement nest egg and benefit from the power of compounding. Here are three such millionaire-maker stocks you can buy right now and benefit from outsized gains in 2024 and beyond. Celsius stock Valued at US$22 billion by market cap, Celsius Holdings…