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Got $3,000 in your pocket? 2 tech stocks to hold and buy for the long run

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I often like to recommend to investors starting out that they don’t put everything they have towards stocks. Even when it comes to their investment income. Instead, I recommend creating a budget, and based on your budget and income, you can usually put 5% to 10% aside per month. Given that as of 2021, Statistics Canada says the average Canadian salary came in at about $60,000, that would mean putting aside about $3,000 per year. And in many cases, that’s $3,000 which continues to sit there, uninvested. So today, I have a recommendation. While they’re down, I would say that tech stocks offer some solid long-term hold options. If you know where to look. And luckily for you, I do! Open Text If you’re going to find tech stocks to hold, they have to stand the test of time. One of those companies is Open Text (TSX:OTEX). The enterprise software company has been around for decades. It’s one of the tech stocks that also doesn’t depend on one source of revenue. Instead, it creates par
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Better Buy: Shopify Stock vs. Lightspeed

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The top TSX stocks, especially from the technology sector, lost substantial value in 2022. However, the easing inflation and an expected slowdown in interest rate hikes in 2023 could lead to a steep recovery in tech stocks like Shopify (TSX:SHOP) and Lightspeed (TSX:LSPD).  Both these companies have solid fundamentals and are poised to recover fast, as the operating environment improves. Further, these Canadian stocks are trading cheap, well below their historical average, which makes them an attractive investment at current levels. As both these Canadian stocks have the potential to multiply shareholders’ wealth and are trading cheap, let’s examine which could deliver higher returns. Shopify  Shopify offers tools that support multi-channel commerce. With businesses transitioning towards multi-channel selling models, Shopify is poised to capitalize on this structural shift with its innovative products like Payments, Capital, and Markets.  While the soft near-term outl
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Investment in these 3 stocks for a chance to win $1,000,000

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Last year, the Canadian government announced that the annual contribution to the Tax-Free Savings Account (TFSA) would rise to $6,500. That brings the cumulative contribution room, at least for those who have been eligible for a deposit since January 2009, to $88,000. The S&P/TSX Composite Index rose 38 points on Thursday, March 1. Today, I want to look at three stocks that have the potential to make you a TFSA millionaire. Let’s jump in. This crypto-connected stock offers a real shot at huge growth this decade The cryptocurrency space has proven explosive and extremely volatile since being thrust into the mainstream in the latter half of the previous decade. Top cryptos like Bitcoin and Ethereum erupted following the beginning of the COVID-19 pandemic. Bitcoin’s price would shoot to an all-time high in late 2021 before suffering sharp losses afterward. It has only been able to recoup a fraction of its major losses to start 2023. Hut 8 Mining (TSX:HUT) is a Toronto-bas
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The process to quickly sell your business

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Tyler Tysdal and Robert Hirsch the best process to sell your business. Contact Freedom Factory Freedom Factory 5500 Greenwood Plaza Blvd., Ste 230 Greenwood Village, CO 80111 Phone: 844-MAX-VALUE (844-629-8258) Freedom Factory Freedom Factory Managing Partners Tyler Tysdal Tyler Tysdal, Managing Director Robert Hirsch Entrepreneur, Investor, Speaker, Artist Visit His Website Recent News Stupid Human Tricks Explained by Freedom Factory’s Robert Hirsch and Tyler Tysdal Freedom Factory is one of the highly reputable brokerage firms in the country. It is founded by two of the seasoned entrepreneurs – Tyler Tysdal and Robert Hirsch. They help entrepreneurs find their way to success with the ultimate goal of helping business owners sell their business at a maximum value. Tyler Tysdal has a stellar track record of success and together with Robert Hirsch, they founded Freedom Factory, a learning place for all types of businesspeople. They help entrepreneurs learn how to strike a deal
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Why AQN stock remains a risky investment despite its 20 percent increase in 2023

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TSX stocks have gained 6%, while a struggling utility Algonquin Power (TSX:AQN) has soared an impressive 20% this year. AQN stock saw notable value erosion last year – quite rare among utilities – after the company reported an earnings decline in Q3 2022. But with a recent rise, is the stock readying for a new growth chapter? Let’s see. What’s next for AQN stock? Utilities is a capital-intensive sector and carry a large amount of debt. As interest rates rose surprisingly higher last year, Algonquin’s interest expenses swelled due to its sizeable variable debt. Its quarterly net income fell remarkably, forcing the company to trim dividends. As cash retention became necessary, Algonquin cut its 2023 dividend by 40%. While utilities are popular for their less volatile stocks and stably growing dividends, AQN disappointed investors on both fronts. For the current year, AQN is now expected to pay a total dividend of $0.43 per share, implying an annual yield of 4%. Accord
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To get $1,000 of passive income annually, buy 4,167 shares.

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The fickle nature of the global economy has once again showcased the importance of creating multiple income streams. Companies are laying off employees across sectors due to an extremely challenging macro environment. The triple whammy of inflation, interest rate hikes, and supply chain disruptions are likely to impact both revenue and profit margins for corporates in the near term, driving down the valuations of several TSX stocks. However, the pullback in share prices has also increased the dividend yields of TSX stocks since 2022. As forward dividend yields and stock prices have an inverse relationship, you can buy shares of undervalued companies and benefit from tasty dividend yields. Investing in quality dividend stocks can help you generate a passive stream of income and benefit from capital gains over the long term. Let’s see how much you need to invest in this TSX stock to earn $1,000 in annual dividend income. Diversified Royalty stock A Canada-based multi-royalty
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Three Mid-Cap Superstars for a Single-Digit price

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Three mid-cap superstars (between small- and large-cap companies) trading at less than $10 per share are must-buy stocks right now. Furthermore, they could deliver powerful returns, like in the past, if economic conditions improve or return to normal in 2023. Exciting year Baytex Energy (TSX:BTE) is down 7.2% year to date ($5.64 per share), but market analysts are bullish and see a return potential between 38.3% ($7.80) and 81.7% ($10.25) in one year. The energy stock is also among the TSX’s top 30 growth stocks in 2022 (rank 26). The $3.1 billion energy company produces crude oil and natural gas liquids (NGLs), representing about 84% of its total production. Baytex operates in the Western Canadian Sedimentary Basin and Eagle Ford in the United States. Last year, cash flow from operating activities jumped 64.6% to $1.2 billion versus 2021. Eric T. Greager, Baytex’s President and CEO, said, “2022 was an exciting year for Baytex as we delivered strong operating results, g
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