WilliamMLeighty634 blog

There’s a place for conservative, defensive dividend stocks in every investor portfolio, particularly in today’s rising interest rate environment. Higher interest rates increase the borrowing costs of businesses, making companies with debt-heavy balance sheets riskier investments. Here are some examples of defensive dividend stocks that can help you pay the bills. Telecom stocks Telecom stocks are generally viewed as defensive stocks. Rogers Communications (TSX:RCI.B) has an investment-grade S&P credit rating of BBB+ and appears to be relatively cheap. So, it’s a solid value stock to consider right now. It has a below-market beta, which indicates it has lower volatility than the market. Telcos also generally have stable earnings from their subscriptions. Additionally, they can increase their subscription fees over time for the internet or mobile phone data plans. Across 15 analysts, they have a 12-month consensus price target of $70.53 per share on Rogers Communications...

Over the first half of the year, consumers struggled to keep up with the rising inflation numbers. This resulted in a major slowdown in consumer spending. As a result, retail companies saw their stocks decline, as investors worried about business outlooks. E-commerce companies were perhaps hit the most severely. Investors wouldn’t have to search very long to find an e-commerce stock that’s fallen more than 50% from its recent highs. For example, MercadoLibre (NASDAQ:MELI) stock has fallen more than 54% over the course of this year, Shopify (TSX:SHOP) has fallen more than 76% since the start of the year, and Sea Limited (NYSE:SE) stock has declined as much as 82%. Now, with inflation seeming to have peaked, investors are starting to consider putting money towards e-commerce stocks again. In this article, I’ll discuss whether I think it’s the right time to start buying these stocks. Think about the long term If you look at the trend in e-commerce sales, there’s no denying...

Canadian investors are faced with economic and market uncertainty in late 2022. The Bank of Canada (BoC) moved to aggressively raise benchmark interest rates to fight high inflation. Progress has been slow, and investors need to consider their strategy in this climate. Today, I want to look at five discounted TSX dividend stocks that can deliver consistent and high-yield income. That will provide some dependability in this volatile period. Let’s jump in. This bank stock offers a delicious yield ahead of earnings season Canadian Imperial Bank of Commerce (TSX:CM) is the fifth largest of the Big Six Canadian bank stocks. Shares of this dividend stock have dropped 13% in 2022 as of early afternoon trading on November 24. That has pushed the stock into negative territory in the year-over-year period. This bank is set to release its final batch of fiscal 2022 results on December 1. In the third quarter (Q3) of 2022, CIBC saw adjusted net income slip 5% from the prior year to $1.72...

There are many facets of comprehensive retirement planning, which include building a retirement income stream that can augment the pensions you might be getting from the federal and provincial governments (or your employer). Like everything related to financial independence in your retirement years, the earlier you build an income stream, the better. The Tax-Free Savings Account (TFSA) is the ideal tool for the job, as it helps you generate a tax-free income and improve your lifestyle (financially) without inflating the tax bill. banking stock Almost all Canadian bank stocks are good dividend picks, but Royal Bank of Canada (TSX:RY) is easily one of the top picks. The largest bank in Canada and one of the largest in North America offers a tasteful combination of dividends and capital-appreciation potential that appeals to a massive investor pool. Plus, the stability as the largest financial institution in the country makes it an easy choice for a long-term buy-and-hold sto...

If you want to earn monthly passive income in Canada, you can consider investing a part of your hard-earned savings in real estate investment trusts (REITs) on the TSX. As REITs usually tend to distribute a large portion of their annual income as dividends to shareholders, they can help you earn healthy passive income each month. In this article, I’ll highlight two of the best Canadian REITs you can buy right now to hold for the long term. Summit Industrial Income REIT stock Summit Industrial Income REIT (TSX:SMU.UN) is a Dartmouth-headquartered open-ended mutual fund REIT with a market cap of $4.2 billion. After rallying for eight consecutive years, its stock has seen a minor correction this year. While its share prices jumped by 314% in eight years between 2014 in 2021, it currently trades with about 5% year-to-date losses at $22.25 per share. At this market price, the stock has a decent 2.6% annual dividend yield and distributes its dividend payouts on a monthly basis. W...

The cumulative contribution limit for the TFSA (Tax-Free Savings Account) in 2023 will increase to $88,000 now that the yearly limit for the next year stands at $6,500. So, where can you invest $88,000 when the stock market is extremely volatile? Despite the bloodbath surrounding equities in 2022, this asset class has enabled investors to generate inflation-beating returns over time. You can now consider investing in quality dividend stocks trading on the TSX that can help you create a passive-income stream. Further, the returns on your TFSA are exempt from Canada Revenue Agency taxes. With these factors in mind, let’s look at three stocks that can help you earn $450 in tax-free income each month. Enbridge One of the largest companies on the TSX, Enbridge (TSX:ENB) is a Dividend Aristocrat. The midstream dividend giant has increased dividend payouts each year for 27 consecutive years, as its cash flows are predictable across market cycles. Around 98% of Enbridge’s cash fl...

As most top TSX stocks have lost substantial value and are trading at a discounted price, now is an excellent time to start a long position in them. Further, given the massive selling, the downside risk remains limited, despite the uncertainty. Also, the easing of inflation and any improvement in the economic environment will give a significant boost to fundamentally strong high-growth stocks.  So, if you plan to invest and can spare $5,000, here are the best TSX stock worth considering.  goeasy goeasy (TSX:GSY) is a must-have stock in a long-term portfolio to outperform the broader market by a wide margin. This consumer finance company has a solid history of delivering profitable growth, which has increased its stock price.  Thanks to its stellar growth, goeasy stock has gained about 308% in five years. For instance, its top line has increased at an average annualized growth rate of 15.9% in the past decade. Moreover, its adjusted net income has a CAGR (compound annual gr...