The average Registered Retirement Savings Plan (RRSP) for Canadians aged 65 might surprise some people. It’s estimated to be around $180,000. While this seems like a substantial amount, when stretched over a retirement that could span two decades or more, it doesn’t quite provide the security one might hope for. Most financial experts recommend having…
If you’re a Canadian who’s just starting out in the investment world, you may feel like you need a much larger sum before you go ahead and pick up your very first stock. Though I’d encourage new retail investors to go down the route of index funds (ideally, one that follows the TSX Index or…
Image source: Getty Images Celestica (TSX:CLS) may not be a household name, but it’s quickly becoming one of the most attractive opportunities for stock investors in Canada. After surging by 278% in the previous three years, CLS stock has already popped by 205% so far in 2024 to currently trade at $118.31 per share with…
When it comes to investing, everyone loves a good hack — something simple, reliable, and effective that can make navigating the stock market easier. While many hacks may sound complicated or risky, some are surprisingly straightforward and built to minimize risk. These gems of the investment world offer consistent rewards without demanding constant monitoring or…
With its stock up 25% in 2024, it has been a strong year for Pembina Pipeline (TSX:PPL). Interest rates have declined, and that has increased demand for quality dividend stocks like Pembina. You can’t collect a great yield from Guaranteed Investment Certificates (GICs) and money market funds, so dividend stocks with stable businesses and attractive…
How would you like to know an investing strategy that outperforms 95% of Wall Street’s highly paid fund managers in the long term? You might think such a strategy to be arcane knowledge locked away in a bank vault somewhere, but in fact, some such strategies are quite well known. One of those strategies is…
Canadian National Railway (TSX:CNR) stock has had a bit of a bumpy ride recently, down about 14% from its 52-week high. For some investors, this dip might seem alarming, but it also opens up a potential buying opportunity for those looking to grab a solid stock “on sale.” CNR stock, a stalwart in North American…
Image source: Getty Images Pet stocks such as Chewy (NYSE:CHWY) and Pet Valu (TSX:PET) have significantly underperformed the broader markets since their respective initial public offerings. Chewy went public in June 2019 at US$22 per share. Today, it trades 75% below all-time highs. Similarly, Pet Valu was listed at $20 and went public in June…
It can be smart to go with the better business and pay a higher price of admission than opt for the seemingly dirt-cheap, deep-value play that you may find out is cheap for a reason after spending three or more years waiting patiently for Mr. Market to correct his pricing error. As Warren Buffett once…
There’s more than a few great dividend options on the market right now. There’s also one magnificent Canadian stock that is trading down nearly 9% this year and has insane long-term potential. That stock is Toronto-Dominion Bank (TSX:TD) and here’s why this magnificent Canadian stock belongs in your long-term portfolio. Meet TD Bank a magnificent…