2 TFSA Stocks to Buy Right Now

It’s always a good idea to avoid investment taxes. Tax-Free Savings Accounts (TFSAs) make that easy, shielding your capital from both capital gains and dividend taxes. But not every investment makes a good TFSA stock. You’ll want to choose carefully. For example, let’s say you chose to invest in Enbridge Inc due to its 7.8% dividend. With a TFSA, that…

Read More

TFSA Investor Wish List: 2 Ways to Make $10,000

TFSA investors are smarter than the rest. Despite the clear advantages, millions of Canadians neglect to invest in a Tax-Free Savings Account (TFSA). If you have one, you’re already a step ahead. The next step, of course, is to build wealth. How do you build wealth? With a TFSA, the best strategies are obvious. Don’t ignore this method The best financial…

Read More

TFSA Investor Stocks to Buy Now

TFSAs are perfect vehicles for saving. All of your capital will grow tax free, and when it’s time for withdrawals, those are tax free, too. What kind of stocks should you be holding in a TFSA? There are several viable options. The biggest mistake is simply to hold cash. Mediocre returns essentially nullify your tax benefits. If you want to…

Read More

TFSA Investors: Buy Aphria (TSX:APHA) Stock

Cannabis grower and leading distributor Aphria’s (TSX:APHA)(NYSE:APHA) stock price could continue to surge and outperform industry peers in 2020, and I’m maintaining my positive outlook and reiterating a buy recommendation on this marijuana firm. In a November 2019 post, and while discussing three potential buys for 2020, I likened the stock’s potential payoff to that on a cannabis lottery ticket.…

Read More

This Pot Stock Is Perfect for a TFSA

Tax-Free Savings Accounts (TFSAs) are perfect for growth investing. As long as your money remains in a TFSA, it grows tax free, even if you turn thousands into millions. Having a limitless tax shield is an advantage you shouldn’t throw away. In 2018, cannabis investors were ecstatic as most pot stocks skyrocketed by more than 500%. The story shifted in…

Read More

Can Cannabis Stocks Make New TFSA Millionaires Again?

Following the Canadian marijuana industry has been quite an experience since late 2016, the stocks’ price volatility needed someone with nerves of steel to resist dumping positions during bloodbaths, but some new TFSA millionaires were undoubtedly made over the past three years when capital gains topped 600% more than once. Falling in love with an aggressive Aurora Cannabis (TSX:ACB)(NYSE:ACB) early…

Read More

TFSA Investors: 3 TSX Stocks I’d Buy for 2020

It’s that time again at year end, when investors have to think about rebalancing their portfolios, chucking out underperformers, and adding some growth candidates and stable dividend income generation stocks to create long-term, outperforming TFSA retirement portfolios. Growing a retirement nest egg shouldn’t be too much of a hustle, as the TSX offers some of the most compelling stable growth…

Read More

TFSA Investors: 1 Little-Known Stock That Has Doubled Like Shopify (TSX:SHOP) in 2019

High-growth stocks are best stashed in a TFSA, no matter how high they appreciate, investors don’t have to worry about potential capital gains taxes in the future. Shopify’s (TSX:SHOP)(NYSE:SHOP) stock has been a darling for TFSA growth investors over the past few years due to its massive share price gains over the period which top 656% since three years ago.…

Read More

TFSA Investors: 3 Buy and Hold Stocks for the Coming Decade

Given the massive regulatory, geopolitical, and technological changes over the last ten years, the future may be significantly different. Millions of people now have legal access to cannabis, unprecedented numbers of electric vehicles are set to flood the streets, and drones are preparing to deliver everything from Amazon.com, Inc. orders to life-saving medical supplies. Yet not all stocks are prepared…

Read More

TFSA Investors: This Cannabis Company Could Transform Your Portfolio

If you have a TFSA, high-growth stocks have a ton of appeal, as you’ll pay zero taxes on your gains. Even if your portfolio triples in value, your money will be shielded from the tax collector. There are few higher growth markets than cannabis. Most analysts agree that the market could surpass $100 billion in value by 2030. Stifel Financial…

Read More