If you’ve just opened a Tax-Free Savings Account (TFSA) and maxed out your $7,000 contribution room but aren’t sure what to buy, resist the urge to park it in a guaranteed investment certificate (GIC) that barely outpaces inflation. For beginners, my go-to choice is index exchange-traded funds (ETFs). These funds track broad market benchmarks made…
They say the best time to invest was yesterday. But if you missed that, today is the next best option. With just a $2,000 investment in stocks today, you could be planting the seed of a portfolio that one day grows larger than your entire life savings — seriously. Let’s break down how that’s even…
When evaluating whether a stock — or in this case, a real estate investment trust (REIT) — is potentially worth owning, one of the simplest approaches is to compare its performance to a benchmark. For investors focused on either long-term growth or consistent income, Dream Industrial REIT (TSX:DIR.UN) seems to be a decent idea on…
Every year, and especially in strong markets, I get some version of the same question: “Should I wait to invest until after stocks drop?” Right now, with the S&P/TSX 60 at record highs, plenty of people are thinking about holding cash on the sidelines. I’m not in the business of timing the market, and history…
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…
Watching your savings slowly diminish can be disheartening. Inflation erodes the purchasing power of your hard-earned money, and without a plan, your savings might not stretch as far as you’d like. Fortunately, there’s a way to combat this: investing in high-yield dividend stocks. These stocks can provide regular income through dividend payouts, helping to offset…
Image source: Getty Images Do you want to take your Tax-Free Savings Account (TFSA) and grow it to $100,000? If you’re just starting off with investing, that will take some time. However, it can be done. By depositing as little as $350 per week in your TFSA, you can build up an account that will…
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…
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,…
Do you want to earn tax-free savings account (TFSA) income that the Canada Revenue Agency can’t tax? It’s not the hardest thing in the world to do, but there are some mistakes that can lead to you forfeiting your account’s tax-free status. Over-contributing, holding private business shares in a TFSA, and day trading are all…