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TechnologyNew Investors: Build the Ultimate TFSA With These 2 Stocks

16:36  22 may  2019
16:36  22 may  2019 Source:   fool.com

3 reasons to open both a TFSA and an RRSP

3 reasons to open both a TFSA and an RRSP If you're investing in dividend stocks like Fortis Inc (TSX:FTS)(NYSE:FTS) along with growth stocks like Lululemon Athletica (NASDAQ:LULU), it pays to have both a TFSA and an RRSP.

Investors who are just starting out with their TFSA should seek a combination of stability and growth with stocks like Royal Bank of Canada (TSX:RY)(NYSE In the years since, very few Canadians have utilized the TFSA to its fullest potential. A significant minority of low-income savers have opened a

Investors who are just starting out with their TFSA should seek a combination of stability and growth with stocks like Royal Bank of Canada (USA) In the years since, very few Canadians have utilized the TFSA to its fullest potential. A significant minority of low-income savers have opened a TFSA

New Investors: Build the Ultimate TFSA With These 2 Stocks© Provided by The Motley Fool, Inc IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT

When the Canadian government launched the Tax-Free Savings Account (TFSA) back in 2009, it was billed as a vehicle that would help low-income Canadians save for retirement. In the years since, very few Canadians have utilized the TFSA to its fullest potential. A significant minority of low-income savers have opened a TFSA – about 36%, according to a recent Institute for Research on Public Policy report. About 90% of their savings go to RRSPs.

The hope is that Canadians in low-income brackets will begin to gravitate more towards TFSAs in the coming years and decades. Inequities in terms of who benefits will only widen as the lifetime contribution limit hits six figures by the middle of the 2020s. That is why Canadians across income brackets should look to take advantage of this fantastic investment vehicle sooner rather than later.

4 Popular TFSA Mistakes to Avoid at All Costs

4 Popular TFSA Mistakes to Avoid at All Costs Millions of Canadians fail to maximize the value of their TFSAs by making costly errors. If you want to take full advantage of your TFSA investments, be sure to avoid these four mistakes.

In economic sectors that are steady and predictable and with dividend yields of 5.13% and 4.18%, respectively, TransCanada Corporation (TSX:TRP)(NYSE:TRP) and Chartwell Retirement Residences (TSX:CSH.UN) are solid picks to help investors safely grow their TFSAs .

TFSA Investors : 3 Stocks Yielding up to 8.2% That Will Help Diversify Your Portfolio. Two stocks that have performed particularly well in recent memory, but that Contrarian investors may very well choose to take the opposite view, using recent weakness in the shares of Teck and Cenovus to build

Back in March, I’d discussed three TFSA strategies for investors to consider. Today, we will look at two stocks that are good starts for investors on the hunt for stability and high-growth potential.

Royal Bank (TSX:RY)(NYSE:RY)

Bank stocks are often thought of as boring picks, but the combination of growth, income, and stability offered by these profit machines makes them a great go-to for new investors. Royal Bank is the largest financial institution in Canada. Its stock has climbed 12.6% in 2019 as of close on May 21.

Royal Bank is expected to release its second-quarter 2019 results on May 23. The bank put together a solid first quarter in the face of headwinds, particularly in capital markets segments for the top banks. It hiked its quarterly dividend to $1.02 per share. This represents a 3.8% yield. Royal Bank has achieved dividend growth for eight consecutive years.

RRSP investors: Two stocks to ride global growth to retirement wealth

RRSP investors: Two stocks to ride global growth to retirement wealth Nutrien Ltd (TSX:NTR)(NYSE:NTR) and another top Canadian stock with international reach deserve to be on your RRSP radar.

There are certain stocks that need to be in your TFSA . This account should be your growth, dividend, and ultimate wealth- building machine. Many of the companies that Canadian investors should own are in the banking, utility, telecom, and railroad sectors. At least two of these sectors, banking and

3 Dividend Stocks to Hold in Your TFSA for 50 Years. Many new investors may be unaware, but such high management fees could be eating away at their retirement funds. Such barriers to entry are extremely important these days, especially with the rise of technology and the potential disruptions

Besides being Canada’s largest financial institution, Royal Bank is also one of the most important in the world. The financial sector dominates the TSX, and Royal Bank is an attractive hold that should satisfy new investors in the long term.

Shopify (TSX:SHOP)(NYSE:SHOP)

TFSA stories in the media are often centered on the incredible gains enjoyed by savvy traders. However, an early investment in a top-tier growth stock can net incredible tax-free gains. Those who bought Shopify after its 2015 initial public offering have been richly rewarded. Shares have soared over 1,000% from its IPO starting price just over four years ago today.

The maximum TFSA contribution in 2015 was $41,000. A $10,000 investment in Shopify at its public launch would have netted investors over $100,000 in tax-free gains. Shopify is, of course, a unique example considering its meteoric rise. Its momentum has carried it to all-time highs this month. The stock boasts an extremely high valuation, but its foray into international markets has the potential to carry Shopify to stunning heights in the coming years. Like Amazon, this is a stock that investors may be kicking themselves for not buying into the pricier it gets.

Passive income 101: 3 stocks for a TFSA dividend fund

Passive income 101: 3 stocks for a TFSA dividend fund Toronto Dominion Bank (TSX:TD)(NYSE:TD) and another two TSX Index giants can help you put some extra cash in your pocket without having to get a second job. Here's how.

New entrants will take a small piece of the pie, but concerns that that banks will be made redundant are overblown. Royal Bank is investing heavily to beef up its digital If you are searching for buy-and-hold stocks to put in a TFSA retirement fund, these three should be sleep-easy picks for your portfolio.

New to investing ? CIBC Investor 's Edge has everything you need to break down the barriers to becoming a confident do-it-yourself investor . Save for shorter-term goals. If you want flexible options for your investments, a Tax - Free Savings Account ( TFSA ), cash account or margin account may

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More reading

  • Buy Royal Bank of Canada (TSX:RY) Today
  • 3 Tech Stocks Worth Buying in 2019
  • 5 Stocks With High Recurring Income
  • Why Shopify (TSX:SHOP) Is a Strong Sell Today
  • How Much Higher Can Shopify (TSX:SHOP) Stock Go?

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Fool contributor Ambrose O'Callaghan has no position in any of the stocks mentioned. The Motley Fool owns shares of Amazon, Shopify, and Shopify. Shopify is a recommendation of Stock Advisor Canada.

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TFSA Investors: Make Over $300/Month in Passive Income by Investing in This 1 Stock.
Plaza Retail REIT (TSX:PLZ.UN) is a great option for investors that are looking for a dividend stock with great payouts and a lot of stability.

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