Fairfax Commits $5 Million for COVID-19 Relief in India April 28, 2021
The contribution is being made together with the Fairfax India Charitable Trust and Fairfax India Holdings Corp.
The first proposed initiative by Fairfax calls for rapidly creating emergency hospital facilities. The plan is to coordinate with its investee companies, Quess Corp. and Bangalore International Airport, and work with the local government and tap the expertise of Dexterra Group, a Fairfax investee company in Canada.
Fairfax said it is working with its Indian investee companies to determine further initiatives.
In addition to these initiatives, Fairfax said it will commit the funds necessary to respond to the needs of the employees of its Indian investee companies during the COVID-19 pandemic.
Adani Group, GMR to benefit from coming airport tariff hikes
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Adani Group, GMR to benefit from coming airport tariff hikes
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Most Canadians use their Tax-Free Savings Account (TFSA) as a cash account. That’s tragic, because cash earns limited interest while the TFSA allows you to mitigate income and capital gains. In other words, why earn 2% a year when you can bet on high-growth tech stocks or exotic assets that deliver triple-digit gains?
Here are my top three picks for exotic assets you can hold in your TFSA to create substantial wealth tax-free.
Bitcoin
To be clear, you can’t hold Bitcoin in your TFSA directly. However, the recently launched Bitcoin exchange-traded fund (ETF) qualifies for TFSA.
Got $1,000? This TFSA Stock Could Turn it Into $2,000 in 2021
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A 100% return is usually elusive. There’s plenty of tech stocks and cutting-edge consumer stocks that promise to double your money, but usually fall short. However, a surprisingly boring stock that qualifies for your Tax-Free Savings Account (TFSA) could be an ideal multibagger candidate for 2021.
Here’s a closer look at a company that accounts for roughly half of my TFSA portfolio and could double your money by the end of the year.
TFSA stock of the year
Fairfax India Holdings (TSX:FIH.U) is my TFSA stock of the year. Now, most investors have either never heard of this niche stock or find it incredibly boring. But a closer look at its financials and underlying assets should reveal an attractive opportunity.