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…

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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…

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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.…

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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…

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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…

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Two Perfect TFSA Stocks to Buy for 2020

A Tax-Free Savings Account, or TFSA, is one of the only free lunches on the market. Funds in a TFSA are tax-free for life, which includes interest, dividends, capital gains, and withdrawals. Without the consequences of taxes, you can invest strategically to maximize your earnings. Dividends and high-upside stocks, for example, become much more attractive. Saving is one of the…

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TFSA Investors: After Dropping Almost 50%, Is Canopy Growth (TSX:WEED) Stock Finally a Good Buy?

One year after legalization, Canopy Growth (TSX:WEED)(NYSE:CGC) still has got a lot of work to do to grow into its valuation and to secure its spot in the rapidly growing marijuana industry. The last year has not been good to cannabis stocks, as the bubble has finally burst, leaving shareholders reeling and potential investors spooked. Naturally, a 50% drop in share…

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The #1 Proven Method to Get to $1 Million in Your TFSA

Everyone wants to get $1 million in their TFSA. From there, it wouldn’t be too difficult to generate a passive-income stream of $50,000 per year or more. The question for most savers is: How do I get there? While many TFSA investors focus on picking the right stocks, there’s a much easier method of attaining great wealth. The problem is…

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The Number 1 Defensive Stock for Your TFSA

A significant earnings event is about to happen. The safest cannabis stock, Alimentation Couche-Tard (TSX:ATD.A)(TSX:ATD.B), will announce first-quarter results for the fiscal year 2020 after the market closes today. Alimentation Couche-Tard announced a partnership with Canopy Growth to open a licensed medical marijuana dispensary in Ontario in February 2019. The agreement allows Alimentation to sell legal cannabis through Canopy Growth’s…

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TFSA Investors: Should You Own Marijuana Stocks?

Marijuana stocks have been a hot news item over the past two years. Between legalization, global expansion and massive M&A deals, there’s been a lot to keep up with. In the lead-up to legalization, weed stocks went on a massive bull run, with stocks like Tilray Inc (NASDAQ:TLRY) rising nearly 1000% in just a few months. Since then, the marijuana sector…

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