Money RRSP investors: You’ll love being a passive landlord in this REIT
Two great Canadian dividend stocks for new investors
Here’s why Brookfield Renewable Partners LP (TSX:BEP.UN)(NYSE:BEP) and Telus Corp. (TSX:T)(NYSE:TU) would suit a new long-term income investor.Growth through acquisitions isn’t every investor’s cup of tea, but in an industry characterized by domination by only a few big names constantly on the lookout for each other’s customers, it’s better than no growth at all. Telus(TSX:T)(NYSE:TU) recently snapped up the Canadian operations of ADT in a $7 million deal that expands its customer base and brings added cost efficiency through operational synergies.
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Brookfield Property Partners
RRSP Investors: Retire Early by Being a Passive Landlord!
Retire early by getting a high but safe yield of 7% from Brookfield Property (TSX:BPY.UN)(NYSE:BPY) stock!If you buy a real estate investment trust (REIT), you’ve got all that covered with a professional team that follows through with everything. Additionally, REITs are less risky due to their diversified portfolio.
Curiously, BPY has performed the worst year to date in terms of price appreciation compared to BAM’s other subsidiaries, which are invested in other types of real assets: renewable energy, infrastructure, and businesses. Still, BPY has appreciated 22%, which still beat the Canadian stock market but underperformed the U.S. stock market by a few percentage points.
Interestingly, BPY stock has popped in the last week. One has to wonder if it would break out in the potential Santa Claus rally because it’s ridiculously undervalued.
Related video: 5 things to sell when you're ready to retire (Provided by GoBankingRates)
In any case, BPY’s yield is one to drool over. As I’m typing this, the REIT offers a whopping yield of 6.7%, which is.
RRSP Investors: 2 Top Canadian Stocks to Tap Global Population Growth
Buying stocks outside of Canada is possible, but the costs can be higher and there are political and currency risks to consider. Fortunately, some top Canadian companies have extensive international operations, providing investors with safer ways to get global exposure.Let’s take a look at two stocks that might be interesting picks right now for a self-directed RRSP.Sun LifeSun Life Financial(TSX:SLF)(NYSE:SLF) just reported solid results for Q3 2019, supported by strong revenue and earnings in its operations in Asia.
One might guess that BPY has zero growth for the juicy yield that it offers, but that’s far from the truth.
Organically, BPY can growth by raising rents on its properties. For its core office portfolio across 143 premier properties, it has 7.2% mark-to-market opportunities on expiring leases.
For its core retail portfolio across 123 top-notch properties, it has rent spreads of about 7% for recent leases. It also has a pipeline of active development projects totaling US$6.5 billion in the office and multifamily space and $1.6 billion of core retail development projects for 2021-2025.
Additionally, BPY leaves 15% of its balance sheet to invest in mispriced assets that have incredible returns to the upside after it works its magic. That’s the benefit of being a skilled operator and having the ability to improve the assets! BPY can either sell these assets at much higher prices than it bought them for or increase the rental income from these properties.
RRSP Income Hunters: 3 High-Yield Stocks to Lock In $11,500 Next Year
This trio of top dividend plays, including Canadian Natural Resources (TSX:CNQ)(NYSE:CNQ), can provide the fat income you need now.Hi there, Fools. I’m back to highlight three top high-yield dividend stocks.
On average, BAM has made a gain of 2.1 times its original investments across six opportunistic real estate funds with inception years from 2006 to 2017. (It wasn’t until 2013 that BAM spun off BPY, allowing investors to directly invest in the real estate arm.)
The benefit is tremendous for income investors, because BPY offers a gigantic yield compared to BAM. (BAM is more for growth-focused investors.)
BPY offers a cash distribution of US$0.33 per share every quarter, equating to an annualized payout of US$1.32. But that’s just the start! In Q1, it’s likely that it will increase the cash distribution by 5-8%, just like it did in the previous year and the year before that.
Assuming a dividend hike of 5%, the stock offers a forward yield of over 7%! Holding the stock in an RRSP or RRIF is a great way to receive the juicy income. If you don’t need the money now, you can reinvest it in a tax-deferred environment for even greater returns.
Because BPY’s yield is so humongous, the position will become massive very quickly if you reinvest the dividends back into the same stock. Instead, you can consider reinvesting it into diversify your portfolio.
The Top Stock to Buy for a Canadian Oil Boom
Enbridge Inc. (TSX:ENB)(NYSE:ENB) just turned in a solid quarter. Here’s why else the stock is a buy.With favourable conditions for increased Canadian crude demand, the oil patch could see a resurgence of interest over the coming years, with one stock in particular standing out for new investors.
Stay hungry. Stay Foolish.
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Fool contributorowns shares of BROOKFIELD ASSET MANAGEMENT INC. CL.A LV and Brookfield Property Partners. The Motley Fool owns shares of and recommends Brookfield Asset Management and BROOKFIELD ASSET MANAGEMENT INC. CL.A LV. The Motley Fool recommends Brookfield Property Partners LP.
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Canada Revenue Agency: Here’s How Much You’re Paying Into CPP .
CPP payments take a bite out of your paycheque. Offset them by buying ETFs like the iShares S&P/TSX 60 Index ETF (TSX:XIU) in your RRSP.With most retirees having expenses around $2,400 a month, it’s not much to live on.