One no-brainer Canadian stock to buy now and hold forever is Constellation Software (TSX:CSU). Despite a 25% decline from its highs this year, the tech stock returned 734% over the last decade. This essentially transformed an initial investment of $10,000 into about $83,420. In other words, it was an eight-bagger in that period. Few stocks…
Investors often avoid stocks that are lagging, worried that they could be “falling knives” which they should steer clear of. But some beaten-down names may just be sleeping giants — with strong fundamentals and long-term growth potential. If you’re looking to buy quality Canadian companies on sale, these two stocks deserve your attention now. CN…
Shares of Constellation Software (TSX:CSU) are sliding after news that long-time CEO Mark Leonard is stepping down due to health issues, alongside investor worries about artificial intelligence (AI) disrupting the company’s model. I don’t buy it. Mark isn’t Constellation, and Constellation isn’t Mark. As great a leader as he is, the business is far bigger…
The Tax-Free Savings Account (TFSA) is one of the best, if not the best, vehicles for creating long-term income for investors. You get tax-free withdrawals at any time, with your contribution limits increasing each and every year. So, by the time you reach retirement, you could have a whole host of investments in there that…
When building wealth designed to last for generations, you need more than just good companies — you need great compounders. These are businesses with strong fundamentals, proven leadership, and the ability to reinvest profits wisely over decades. While the average investor may chase the hot stock of the moment, long-term wealth builders know the secret…
A software stock that has made its loyal shareholders wealthy over the past decade is set to release its second-quarter earnings on August 8. In the run-up to the earnings, the stock is seeing buying momentum, up 1.5% in August so far. The stock in question is Constellation Software (TSX:CSU). Is this long-term resilient growth…
Despite Canadian and American stock indices trading near all-time highs, there are signs a recession is nearing. The real estate market is cooling, unemployment is rising, and business investments have declined. If you are worried about a recession in Canada, some quality stocks should remain resilient. Here are four kinds of stock investments to consider…
When it comes to investing in artificial intelligence (AI) for the long term, it’s easy to get caught up in the hype. Flashy start-ups and soaring valuations can make it tempting to bet big on the next breakthrough. But in a Tax-Free Savings Account (TFSA), where compounding over decades matters more than chasing momentum, I’d…
Don’t look now, but the TSX Index is right back at new all-time highs after gaining more than 14% since those lows in April. Undoubtedly, that’s not a bad return in just over a month! Such explosive gains came out of perhaps one of the scariest market moments since the COVID crisis began in February…
Image source: Getty Images When many investors think of the Canadian market, growth stocks may not be the first thing that comes to mind. A plethora of defensive companies with solid balance sheets in the financials, energy and commodities sectors may rightly be the first consideration such investors have. However, I’d argue that there remain…