Get additional cash from the CRA through CCB and invest it in a stock like Brookfield Renewables to maximize its benefits for your children’s financial future.
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If you are looking to get rich the same way as Warren Buffett, you have to think and act like him too. Frankly, nothing about Warren Buffett’s investing style is overly exciting or profound. It is nothing like the excitement we saw last week when the “Robinhood traders” took on the big Wall Street hedge funds. Yet, through countless bull and bear markets, the key to Warren Buffett’s success is in the consistency of his approach.
Warren Buffett’s formula for success
He seeks out good-quality companies that have great management, leading products/services, and competitive moats. Generally, the stocks are somehow mispriced or misunderstood by the market. He then buys them and oftentimes just sits and waits.
The continued strength in green energy stocks was nothing short of remarkable in 2020.
With a green-friendly Joe Biden ready to take to the Oval Office for the next four years, I think it’d be wise for investors to punch their ticket to some of their favourite renewable energy plays before the broader basket continues soaring higher. I don’t think the momentum in the clean energy plays is about to end anytime soon and think that favourable policy changes could cause a handful of them to soar to even greater heights.
In this piece, we’ll start by having a look at two cheap green energy producers that I think have favourable risk/reward profiles for value-conscious investors and then shift our focus to a speculative tech play for hungry millennial investors who are no strangers to extreme levels of volatility.
Consider investing in Brookfield Renewable Partners to capitalize on its long-term potential in a growing industry so you can align yourself with Warren Buffett’s approach.