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May 7, 2021
Image source: Getty Images. Canadian investors: if you are entering May and are not sure how to position your portfolio, why not consider buying dividend stocks? Who doesn’t love consistent, steady cash in your pocket on a monthly or quarterly basis? In a world where bonds are earning investors a nearly negative real return, dividend stocks are especially important. Not only can you lock in a steady-eddy income stream, but often there is potential for capital gains as well...
May 7, 2021
Is Bitcoin a Good Alternative Investment? Image source: Getty Images The crypto frenzy started in November 2020, and within months, Bitcoin and Dogecoin attained a market valuation of $1.28 trillion and $97 billion, respectively. Such growth mania tempts you to buy the crypto but also cautions you of the downside. Then you see names like Goldman Sachs and Warren Buffett criticizing crypto, while Elon Musk and Square’s CEO support it. The only way to resolve this co...
May 7, 2021
WELL Health: A Growth Stock to Consider for Your Portfolio More on: Image source: Getty Images In the last decade, growth stocks have been on an absolute tear and have crushed the broader markets by a huge margin. Growth stocks remain an enticing bet for long-term investors, as these companies are able to grow revenue and profit margins at a rapid pace, thereby generating exponential returns over time. One such growth stock on the TSX is WELL Health Technologies(TSX:WELL),...
May 6, 2021
Irrational exuberance seems to be the theme of the markets this year. First, there was GameStop stock that soared almost 9,000% in just a few months early this year. A famous meme-based crypto Dogecoin is another example. It has gone to the moon recently and has returned a mind-boggling 12,000% this year! Dogecoin and TSX stocks However, do you really think these returns will be sustainable in the long term? Can one build a retirement reserve with instruments like Dogecoin? The recent price su...
May 6, 2021
Image source: Getty Images The two top Canadian railroad stocks are locked in a battle to acquire the clutch railway business of Kansas City Southern (NYSE:KSU). Frankly, in a world where railroads are as hard to build as pipelines, it is understandable why the battle has turned tooth and nail. The KSU network could be a game changer for these stocks That is why the KSU network is so key. Whoever gets KSU gets to exclusively connect three industrial-leading countries togeth...
May 6, 2021
RBC Canadian Bank Yield Index ETF, which tracks the Canadian banking sector, is up 19% for the year. Some banks are up even more than that. TSX banks are currently enjoying a boost from a solid first quarter, which saw most of them post double-digit year over year growth. In this article, I’ll explore three Canadian bank stocks that are worth buying for the long term. TD Bank Toronto-Dominion Bank (TSX:TD)(NYSE:TD) has been one of Canada’s best-performing banks over the last decade. Thank...
May 6, 2021
Image source: Getty Images One of the most popular cryptocurrencies in the world right now is the meme-based crypto called Dogecoin. The price of this digital asset has surged a staggering 24,500% in the last year. So, if you’d invested $1,000 in Dogecoin in May 2020, your investment would be worth close to $250,000 today. Why is Dogecoin a high-risk investment? Dogecoin was actually created as a joke in 2013, and its market cap has now surged to $80 billion. Its mind-bogg...
May 6, 2021
Housing Market: Will the Proposed Mortgage Change Slow Down the Housing Market? More on: Housing prices in Canada have shown no signs of declining. Valuations surged over the past year, despite the pandemic. The historically low interest rates and the need for larger spaces in the suburbs as people spend more time at home has led to a buying frenzy. The housing bubble has always been at risk of bursting, and it might happen anytime soon. The value of the residential real estate has increased ...
May 6, 2021
Canada Revenue Agency: The CRB Will Cut Down to $300/Week in July More on: Image source: Getty Images It is time for everyone to return to work, and the Trudeau administration was clear about that during the budget for 2021. The Canadian government offered everyone affected by the pandemic generous benefits of $500 per week for over a year. The Canada Revenue Agency (CRA) is now cutting down the benefits to $300 per week. If you still depend on the benefits, you should not ...
May 6, 2021
Image source: Getty Images Last year, Canadian energy stocks were viewed as uninvestable. It seems like such a long time ago when oil prices made an unprecedented move into negative territory. It was a new low for the Albertan oil patch, as fossil fuel stocks continued nosediving into the abyss. The rise of green energy stocks didn’t help the cause. Some folks thought that the days of the energy patch were numbered, as renewable energy continued picking up traction on the ...