If you invest $100 a week for 20 years, it will have amounted to $196,000. (Assuming market returns of 7%) Saving that money would only get you $96,000, behold the power of compound interest.
Historically, the stock market collapses after the first Fed rate cut.
The market is predicting the first rate cut will be happening in the middle of 2024.
3 Tax-Free Savings Account (TFSA) Mistakes you might be making❌
1. Exceeding the $6,500 annual contribution limit⚠️
2. Not investing. Over 40% of Canadians hold only cash in their TFSA🤔
3. Withdrawing for a new TFSA. You lose contribution room until the following year📆
Do you want the option to retire when you’re older?
Then you need to invest.
You don’t want to be forced to work in your later years of life because you can’t afford the cost of living.
@retirewithryne For stable, consistent, and high-paying dividends, it would be pretty difficult not too consider large financial institutions. IMO I would choose either $TD or $CIBC. *Fun fact $CIBC hasn’t missed a dividend payment since 1868🤯
@InvestorStodgy @buyingincome My friend, that is why Granite REIT is my favourite. International economies are expanding, the industrial will organically grow with it📈 IMO office real estate is questionable with remote work. And the housing market with these rates at 5%+ rates is fragile😳
@InvestorStodgy @buyingincome I was saying that REIT’s in general are a great way to have get exposure to any type of real estate. Without physically having to own a any. Sorry for the confusion.
@NewcomerInvest Hard to compare any of these banks to EQB given the market cap difference. I think EQB is rapidly growing, and a great investment opportunity. Although, higher risk.
Google $GOOG 💻
Share price: $109.46 USD💵
Market Cap: $1.4 Trillion👀
P/E Ratio: 23.3
Price to FCF: 23.2
1YR Growth: -14%📉
5YR Growth: 113%📈
Do you own any GOOGLE stock?🤔
Why or why not?😳
@reeseharpercfp I am neutral on this topic, I would say it depends on your current situation. You are correct, having an emergency fund is very important. However, if you have credit card debt accumulating at 22% interest. IMO that should be a priority.