WilliamMLeighty634 blog

Right now is an excellent time to get into a stellar TSX stock. You can pick up so many for a great deal on the TSX today, offering a chance at superior returns in the years to come. But what if you need cash now? That’s why one of those options you choose should be a TSX stock that offers passive income. Today, I’m going to focus on one that will pay you each month and could still see incredible growth by 2030. Granite REIT A great option is TSX stock Granite REIT (TSX:GRT.UN). This company focuses on industrial and warehouse properties across North America and Europe. If you’re not aware, these are the types of properties that e-commerce companies use, but not just e-commerce companies. If you need to store, ship, and assemble products, these are the businesses that get you there. Some have partnerships with worldwide companies. As for Granite, analysts have pegged the company as moving into “higher gear” with rental rates rising and supply needed more than ever to meet d...

Suncor Energy Inc. (TSX:SU)(NYSE:SU) trades for $40.90 per share at writing. It is down by 22.9% from its latest all-time high on June 9, 2022. Stock market investors who missed out on the energy industry’s rally earlier this year might be wondering whether the pullback in share prices could be an ideal entry point to establish a position in the Canadian energy stock. Let’s take a closer look at Suncor stock to help you determine whether the energy giant could be a good value addition to your self-directed investment portfolio. n overview of the company Suncor is a $58.7 billion market capitalization integrated energy company headquartered in Calgary. The Canadian energy giant specializes in producing synthetic crude oil from its oil sands operations. Its operations include oil sands development, production, and upgrading. The diversified energy play has petroleum refining operations in Canada and the US, and production and upgrading facilities for its oil sands operations...

As financial advisors, we often consult with our clients about insurance needs. And we get a lot of questions about life insurance. While your advisor can talk to you specifically about what might be best for you, we wanted to share an aspect of life insurance that is often overlooked: unclaimed life insurance. What is Unclaimed Life Insurance? A life insurance policy is unclaimed when the insured person passes away and the named beneficiary doesn’t claim the benefit from the policy. There are billions of dollars of unclaimed life insurance money in the U.S. Many family members are unaware that their loved ones held a life insurance policy and are “oblivious beneficiaries.” If you are the beneficiary of a loved one that has passed, you can find out if there is unclaimed money or unclaimed property by performing a search at a free website called MissingMoney.com. The site allows you to scan a single state or all states that participate. If you need to continue your search, you m...

All year long, one of the biggest stories investors have been watching is how high inflation will get. With inflation surging for months now, several Canadian stocks are being impacted, from dividend stocks to growth stocks, making it challenging for investors to decide what to buy. A few weeks ago, we got a report from south of the border that showed price gains continued to rise more than economists were expecting and to the highest level in 40 years. In Canada, we got confirmation this week that price gains have yet to slow, as annual inflation rose to above 7.5% — a real problem for the economy if we can’t get it under control soon. Inflation not only causes rapid price increases, but it’s also what’s causing interest rates to gain so quickly, too, which is increasingly causing worries of a recession. Therefore, if you’re looking to shore up your portfolio to withstand this short-term period of high inflation, here are three of the best dividend stocks to buy today. to...

The pullback in the TSX Index is finally giving RRSP investors a chance to buy top Canadian dividend stocks at undervalued prices. Bank of Nova Scotia Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) trades near $79 per share at the time of writing compared to $95 in February. The entire banking sector is down considerably in recent months, as investors try to figure out how big an impact rising interest rates will have on households. High inflation is already putting household budgets under pressure, and the rate hikes implemented by the Bank of Canada and the U.S. Federal Reserve to bring inflation down are going to drive up mortgage payments and potentially push the economy into a recession. A deep recession or a major crash in the housing market would be bad for Bank of Nova Scotia and its peers. Businesses might reduce borrowing or start cutting staff and mortgage defaults could soar. That being said, the likely outcome projected by economists is a mild recession. Things would ha...

The current market correction provides an incredible opportunity for Canadians to invest excess cash. In the long run, investors want stable income from their investments. If you got $1,000 lying around, one of the best investments to invest in is real estate, which provides stable income immediately. Investors also expect price appreciation in the long run. Right now, rising interest rates are weighing on real estate valuations, which makes it a good time to start researching for real estate investments. One of the simplest ways to invest in real estate is through real estate investment trusts (REITs). As a passive investor in REITs, you leave all the management work to the professional teams behind the REITs. Property management and maintenance, mortgage payments, tenant sourcing, etc. are all handled by the REITs. Invest in a REIT ETF If you don’t want to think or want to be diversified immediately, you might consider a REIT ETF like iShares S&P/TSX Capped REIT Index E...

When is the right time to sell your business to get the maximum value? And how do you properly valuate the worth of your business? And how do you actually prepare your business to sell? These questions are answered in the latest video from Tyler Tysdal and Freedom Factory. Watch Robert Hirsch talk about these 3 very important pieces. Connect with Ty Tysdal on Linkedin Is there a basic business valuation calculator Let's discuss a small problem we face within our organization that is a business valuation calculator. Many people look at tools and real estate such as Zillow or take a look at Kelly blue book of automobiles and ask "Why don't you have an online business valuation calculator?" We've seen you doing it for a long time but the truth is we'd like to. But it's not easy. There are some very good benchmarks, such as earnings and revenue, and we could discuss guidelines and what they look like. But what makes it so difficult is you can have two business...

Many TSX stocks are starting to get ridiculously oversold after another brutal day of selling on Thursday. The TSX Index is down 15% on the back of economic sluggishness — Canada’s economy grew 0.3% in April. Despite closing in on recession territory (two straight quarters of negative GDP growth), the Bank of Canada cannot afford to take a dovish pivot — not with 7.7% inflation that could continue to hurt consumers through year’s end. Stagflation isn’t ideal for financial markets. Still, a recession isn’t a given, even though many stocks are priced as though we’re about to endure a lost year. In this piece, we’ll check in with three oversold TSX stocks worth stashing in your long-term portfolio. This market selloff could easily worsen. Regardless, TFSA investors should continue to stay the course and top up gradually on the way down for better results over a longer-term timespan. TFSA top pick #1: IA Financial IA Financial (TSX:IAG) is a Canadian insurer that enjoyed a 2.4%...

Retirees and other investors seeking reliable, tax-free, passive income now have a chance to buy top TSX dividend stocks at undervalued prices for a self-directed TFSA. BCE BCE (TSX:BCE)(NYSE:BCE) trades near $63.50 per share at the time of writing compared to a 2022 high around $64. The drop in the share price looks overdone, and new investors can now lock in a solid 5.8% dividend yield. BCE is an attractive stock in the current era of high inflation. The company has the ability to raise prices for its services to offset increasing costs. In addition, BCE should be a good defensive pick for investors who are concerned the economy is headed for a recession. Households and businesses need to have mobile and internet services in all economic conditions. This means the core of BCE’s revenue stream should hold up when times get tough. BCE’s media group took a hit during the pandemic but has bounced back, as advertisers are spending money again across the TV, radio, and digital pl...

Stock market returns are hard to predict, because economic conditions change. The reminder of seasoned investors and fund managers that past performance is no guarantee of future results is also true. Canada’s primary equities market has never posted the same percentage gain or loss each year since 1988. The TSX lost in 2018 (-11.64%) but won in 2019 (19.13%), 2020 (2.17%), and 2021 (21.74%). As of this writing, the TSX is down 10.10% year to date because of rising recession worries. However, three its 11 primary sectors remain popular with investors, despite the uncertainties. One top stock each from the technology, financial, and energy sectors should form a formidable portfolio. It’s a measured risk-reward combination, as their constituents aided in preventing the TSX from losing in the last three years. Most valuable tech brand E-commerce giant Shopify used to be the tech sector’s top draw, but it has lost favour with investors due to declining revenue growth. It’...

Growth stocks led the Wednesday rally, as the Federal Reserve soothed investors, downplaying concerns that we’re already in a recession while keeping the door open for a jumbo rate hike at some point down the road. Indeed, the Fed is staying with the game plan, but it’s keeping an ear to the data. For investors, this is a best-case outcome: a central bank focused on driving down inflation while looking to minimize damage to financial markets. With such transparency, the Fed may have allowed the market to continue adding to its recent rally. Earnings have been a mixed bag in Q2 thus far. Regardless, the bar has been set lower. Modest results and even mild earnings misses can be enough to move the needle higher on stocks. That’s just how oversold the stock market was. Indeed, many investors are likely feeling more comfortable about putting a bit more cash to work in stocks. Sure, the economy could continue slowing down, and a recession could strike as soon as Q1 2023. However, as t...

Practically every investor should at some point seek out a great dividend stock. And the Tax-Free Savings Account (TFSA) gives you a fantastic opportunity to do just that. By finding a great dividend stock, you can latch onto tax-free passive income that pays out no matter what the market does. Why that matters It should be clear to Motley Fool investors why this matters right now. The TSX today continues to trade down 10% year to date. This includes many companies where investors would have looked for a great dividend stock. But instead of looking at this as a negative, see today’s downturn as a positive instead. Right now, you can latch onto a great dividend stock and get a higher yield thanks to the downturn. Motley Fool investors can therefore bring in higher passive income than they would have a year ago for the same investment. Furthermore, you can look forward to your returns rebounding after this current market correction is over. So, here’s where I’d invest on the TS...

Passive-income investors have a lot of names to look through after the market bloodbath experienced over the past few months. Yes, it’s easy to focus on the negatives, especially if you were a net buyer of stocks or bonds in the first half of this year, or worse, the back half of 2021. Regretting prior purchases will do you no good today. You must focus on the road ahead and look to position yourself in a way to maximize your gains relative to the risks you will take on. At the end of the day, investing is a game about balancing upside potential with risk. It’s not an easy game to master, especially if you’re a market newcomer who’s inclined to follow the herd all the way to the peak and all the way to the trough. Sadly, the trough tends to have a far lower price than what your average retail investor paid in 2021, especially when it comes to growth names. In the long run, stocks tend to recover and move upward in conjunction with earnings. Though it seems like you were a fool (t...

The 2022 market correction is finally giving self-directed RRSP investors a chance to buy top TSX dividend stocks at undervalued prices for their pension portfolios. Acquiring quality dividend payers on a dip increases the yield and helps drive long-term total returns. BCE BCE (TSX:BCE)(NYSE:BCE) is the largest player in the Canadian communications industry. A handful of businesses control most of the market, providing BCE and its peers with strong pricing power and the ability to make the investments needed to ensure households and businesses have access to high-speed broadband for work and entertainment. Consumers complain about the high service fees, but Canada is a large country with a relatively small population, so significant investment is required to bring the leading-edge internet, TV, and mobile services to customers. BCE spent $2 billion last year on new 3,500 MHz spectrum that supports the expansion of the 5G network. The company is also making progress on its fib...

There’s no shortage of cheap TSX stocks to buy as we move further into a wildly volatile summer season. Indeed, there are considerable risks as central banks tighten to squeeze high inflation back below the 3% mark. With a rising risk of falling into recession by the first half of 2023, waiting for a better entry point seems to be the best course of action for rattled investors who have declared that dip-buying is dead. This market plunge may be less painful (so far) than the 2020 market meltdown. But it’s dragged on for so long that investor patience is being put to the test. The days of quick riches from buying dips seems to be over. But that doesn’t mean you should take a raincheck on stocks altogether. Though the TINA (there is no alternative) phase seems to have come to a crashing end, it’s worth noting that there aren’t many great alternatives that have emerged over the past few months. While bonds have slightly higher yields than a year ago, they still appear to be a l...

If you have spare cash and a long investment horizon (five years or more), now may be a smart time to buy top TSX stocks. Stocks have severely fallen in the first half of the year over concerns about a recession. Many quality stocks are beaten down and trading at attractive valuations and prices. Yet, if history is correct, there could be a solid rally in the second half of the year. All it takes is for recession fears and company earnings to be “less bad” than the stock market has calculated. The market often prices a worst-case scenario first and then asks questions after. If the economic and company results are better than believed, stocks could enjoy a serious rally. If you are looking to pick up some smart TSX stocks to buy before the rally, here are three I’d consider if I had $2,000 to spare. TSX growth stock Many Canadian investors may not be familiar with Topicus.com (TSXV:TOI), because it operates exclusively in Europe. However, most Canadians should be famil...

Welcome to a series where I break down and compare some of the most popular exchange-traded funds (ETFs) available to Canadian investors! The most famous index, and the benchmark many professional investors measure themselves against, is the S&P500. The S&P 500 tracks the largest 500 companies listed on U.S. exchanges and is widely seen as a barometre for overall U.S. stock market performance. It makes for a great passive investment. However, beyond the well-known S&P 500 Index lies another +3,000 mid- and small-cap stocks comprising the remainder of the U.S. stock market. Vanguard provides a set of low-cost, high-liquidity ETFs that offer exposure to these stocks. The two tickers up for consideration today are Vanguard S&P 500 Index ETF (TSX:VFV) and Vanguard U.S. Total Market IndexETF (TSX:VUN) Which one is the better option? Keep reading to find out. VUN vs. VFV: Fees The fee charged by an ETF is expressed as the management expense ratio (MER). This is th...

Crypto investors have had a hard 2022. Not only are growth stocks down, but the incredible gains made by cryptocurrency are all but lost. Bitcoin and Ethereum are both down from 52-week highs, 52% and 59% respectively, on the TSX today. So what should crypto investors do now? Do you buy up these cryptos for a discount? Or is this set to be another bubble that will burst and never recover? Let’s dig in. First off, why crypto? Before you invest in anything, it’s critically important that you understand what it is. There were a lot of crypto investors seeing it as a get-rich-quick scheme, and look how that worked out. Just as you would with anything in life, it’s important not to hop on a bandwagon before knowing what you’re getting into. When it comes to crypto, investors should think about how it fits in with their long-term goals. Consider how long you want to hold it for. Is it for retirement? Do you need it in a few years? These factors should be carefully considered befor...