Putting $1,000 to work on the TSX can be a great way to start, or grow, your investing journey. And what is one of the simplest ways to do it? Exchange-traded funds (ETFs). These handy investments spread your money across dozens or even hundreds of companies, all in one purchase. They’re affordable, low-maintenance, and many…
Exchange-traded funds (ETF) can be the perfect way to accumulate passive income in your Tax-Free Savings Account (TFSA). These types of investments offer a simple, diversified way to invest in a whole collection of stocks or bonds without needing to pick individual ones. Whether you’re looking for dividend-paying stocks or bonds that provide steady interest,…
Image source: Getty Images Aiming for a million-dollar Tax-Free Savings Account (TFSA) sounds amazing in theory. It’s like the golden ticket to tax-free wealth! But the pursuit of that lofty goal can sometimes trip investors up. It’s easy to get overconfident, chase risky trends, or forget basic things like diversifying your portfolio and keeping an…
Image source: Getty Images The Canada Child Benefit (CCB) is a lifeline for many families. This extra cash helps cover essentials like food, clothing, and school supplies. Thus, the benefit makes it easier for parents to manage the cost of raising children. For low- to middle-income families, it can make a big difference in their…
Image source: Getty Images Canadians, like many others, are always on the lookout for the next easy passive income stream. It offers the dream of financial freedom with minimal effort. The appeal of earning money while you sleep has driven past trends such as drop-shipping, where entrepreneurs sell products without holding inventory, and investing in…
Investing in Canadian deep-value stocks can offer an attractive alternative to even the most popular stocks. That can include the famous “Magnificent Seven” stocks. These typically refer to high-growth, large-cap technology stocks in the United States. Historically, Canadian deep-value stocks have delivered average annual returns of around 10-12% over long periods. These are stocks trading…