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If you’re an investor waiting for another market bottom, you could be waiting another decade. While there’s no crystal ball, the growth opportunities we saw last year are likely behind us. That means it’s time to come up with a new strategy, because waiting for a market bottom is no strategy at all.
Instead, as the market recovers, investors should be thinking about dividend stocks again. These stocks provide investors with passive income every quarter or even every month. You can use those funds to pay down debt, buy household items, or simply reinvest. That could turn even $5,000 into a retirement nest egg given enough time!
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Brookfield Renewable Partners (TSX:BEP.UN)(NYSE:BEP) has been a sleeper stock, and investors have yet to unlock its full potential. Some analysts think shares in the stock could double even this year. Others think shares rose far too high and are due to drop even further.
Yet few stocks have the millionaire-maker potential that comes with investing in Brookfield Energy stock. So, can you take advantage?
History in the making
Few industries have seen the investment that has come with clean energy. When Joe Biden won the United States presidency, his administration confirmed US$400 billion would be put towards clean energy projects. This sent a wave of share support in the months after his election before falling back in January.
The Maine Department of Marine Resources will withdraw an amendment to its Kennebec River Management Plan that suggests removing four dams from the Kennebec River between Waterville and Skowhegan. We are suspending the current proposed rule making, DMR spokesman Jeff Nichols said Friday. We’re doing this after reviewing comments on the proposed rule and conducting a review of DMR’s authority to undertake fisheries management plans.
The department will take the time necessary to determine the best path forward for the adoption of a new management plan that establishes an appropriate long-term vision for this river’s fishery resources, Nichols told Mainebiz.