If you are a new investor, you can build a diversified portfolio with $5,000 for the long term. Today, trading platforms make investing easier than ever. No-fee commissions allow you to affordably (for free) build portfolio positions. Likewise, fractional shares allow you to buy fractions of stocks that might otherwise be unaffordable. If you are…
TFSA (Tax-Free Savings Account) investors are about to get another boost in their savings/investing plans for 2025. The TFSA contribution will rise by another $7,000 in 2025. Canadians who were born before 1991 can now invest an accumulated total of $102,000 in their TFSA! No tax! Grow your investment wealth faster in a TFSA While…
The smartest stock investments are those you can just buy and hold for years. Why? If you have a company that can persistently compound its earnings per share (and your hard-earned capital), you don’t want to switch in and out. You want that capital to compound upon itself over and over. The less you do,…
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…