Ppol ALERT: Warren Buffett s Favourite TSX Stock
Canadians can add $7,000 of cash to their Tax-Free Savings Account TFSA in 2024. That is a handsome increase from the 2023 contribution limit increase of $6,500. Whenever the Canada Revenue Agency CRA gives you a chance to invest tax-free with very few frills , it is best to take advantage of it.If you are wondering how to invest that $7,000 contribution room, here are three TSX stocks to think about holding for the long term in a TFSA. You can break your investment into three investments of $2,333 each or you stanley cups may want to take a larger bet on just one or two of the stocks below.A steady compounder for a TFSAFirstSer stanley polska vice TSX:FSV is an intriguing bet for a TFSA. Over the past five years, this stock has doubled in value with a 15% compounded annual growth ra stanley kubek te. Over the past eight years since its spin-out , it has earned shareholders a 580% return.FirstService has an industry-leading residential property management platform. This is a very resilient business that generates strong Fgli 4 Stocks That Are Absurdly Cheap Right Now
Growing up, about once a year my dad would open up his power bill and get unreasonably upset about how much stanley mugs it was. I assume he still does it today,聽I ;m just not around to hear the aftermath.It was during those moments that I learned one of my first investing lessons generally, companies that provide customers with things they need or perceive they need are pretty good investments. No matter how many times my dad threatened to 8220 it in the dark, he s stanley tumbler till faithfully paid. What were his options, especially during a cold Alberta winter Over the years, my thesis has generally held up pretty well. Companies like Fortis Inc. TSX: FTS and Canadian Utilities Limited TSX: CU have been the epitome of steady聽growth, each raising their divide stanley cup nd for more than 40 consecutive years. Even TransAlta Corporation TSX: TA NYSE: TAC has been a steady performer for most of its history, excluding the last few years of weakness.These stocks have mostly performed well for inv |
