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The notion that the RRSP is better than the TFSA because of the tax refund is tricky. It works best only if you’re a high-income earner. Otherwise, the TFSA is more flexible. However, Canadian Utilities stock, a dividend all-star, is an eligible investment in both accounts.
Because of Bitcoin’s highly volatile nature, investors are better off investing in cryptocurrency mining companies. The Hut 8 Mining stock and HIVE Blockchain Technologies stock can potentially deliver superior returns with less risk.
If you can't choose between real estate and stocks, you could buy a REIT like Killam Properties REIT (TSX:KMP.UN).
Even if you only have $500 to invest, these are the best stocks to buy right now to see your wealth grow for decades.
Here's why I think Constellation Brands (TSX:CSU) could be a much better long-term play than cryptocurrencies like Dogecoin.