WilliamMLeighty634 blog

Canadian investors can benefit from getting juicy passive income from high-yield dividend stocks. The income from these eligible dividends are taxed at lower rates than your ordinary income if the shares are held in your non-registered account. Thanks to the stock market dip of approximately 6.5% in the last couple of weeks, you can now look into these blue-chip stocks for higher dividend income. Bank of Nova Scotia North American bank stocks have been weighed down due to the failure of three U.S. regional banks this year with the most notable and largest one (so far) being Silicon Valley Bank. Altogether, they had total assets of about US$331 billion at the time of failure. The fear is that this could trigger a ripple effect across the North American and even the global financial system. That is the worst-case scenario. The fact is, regulators have swooped in quickly to seize Silicon Valley Bank’s assets that totaled about US$209 billion at the time of failure. Bank of Nova ...

The stock market has been very volatile over the past couple of years. Because of that, many investors have been looking for stocks that could provide some stability to their portfolios. That’s where consumer staples stocks come in. These companies tend to be relatively steady in their gains and losses. That’s because the businesses associated with consumer staples stocks tend to be relied on, regardless of what the economy looks like. These stocks could be food producers, grocery companies, corner stores, etc. In this article, I’ll discuss three consumer staples stocks worth buying today! This stock is an excellent dividend company Alimentation Couche-Tard (TSX:ATD) is the first consumer staples stock that investors should consider buying today. If you’re not from Quebec, you may recognize this company as Mac’s. Newer investors that haven’t had the opportunity to dive deeply into this company may not know how large Alimentation-Couche Tard actually is. This company ...

Enbridge (TSX:ENB) has long been seen as a strong dividend stock by investors. In fact, it acted like a dividend all star in the past! The company was able to continue its growth path of dividends year after year. But investors in Enbridge stock may want to think about going elsewhere. I certainly did. While Enbridge stock has remained…fine, and certainly a good choice if considering a dividend stock, that’s bound to change. In fact, it already has. Ditch Enbridge stock for dividends I used to hold Enbridge stock a few years back. And you know what? After five years, my shares were the same. After falling and recovering, yet only by a little, my Enbridge stock shares remained where they were when I purchased at around $50 per share. And you know what else? That’s still the case today. Now we could blame the recent downturn, but the fact remains that Enbridge stock has not dealt the solid returns it has in years past. A slew of projects that were met with barrier after barri...

Now to start off, I have to say that I’m self-employed. That’s why these stocks are very much what I would buy. Doubtlessly, it’s pretty much guaranteed I’m going to owe money to the Canada Revenue Agency (CRA). No refund is likely to come my way for some lovely TSX stocks. But a girl can dream. So that’s why I’m going to discuss the TSX stocks I would buy if a nice dollop of cash was put into my account. If that were to happen, these are the two I’d choose. Royal Bank of Canada The Big Six Banks are down right now, which is why it’s the best time to buy. Canadian banks continue to have provisions for loan losses to help them through times like these. They’re also far more diversified than their American counterparts, providing steady and stable revenue streams that can help them rebound after a recession. Among them, above the rest, I would consider Royal Bank of Canada (TSX:RY) a top choice. It’s the largest of the banks by market capitalization, and that certainly helps. H...

If you’re new to investing, then right now may seem like a terrible time to get into it. Every headline out there is screaming at you that investing right now is the worst. The markets are down and could only drop lower. Though Gen Z investors have something that many other investors don’t: time. If you get in now and hold stocks for decades, you could be a multi-millionaire by retirement. Today, I’m going to show you how to achieve just that. Set your sites low Seriously. When it comes to investing, don’t think you’re going to be a millionaire over night. This is playing the long game, which in any scenario usually proves the most fruitful. Especially when it comes to investing. For Gen Z investors, this is definitely the case. Let’s say you’re 20 years old and just opened your first Tax-Free Savings Account (TFSA). You don’t have very much to put into it, but can probably afford $3,000 each year from now on, with some additions here and there. For this example, we’re go...

The turbulence outside the country, particularly bank failures in the U.S., is shaking Canada’s main stock index. Nearly all primary sectors are under pressure, although six are in positive territory year to date. For individual stocks, beating the broader market TSX shows stability against strong headwinds. Top TSX stocks Algonquin Power & Utilities (TSX:AQN) and Viemed Healthcare (TSX:VMD) continue outperforming with gains of 20.8% and 32.8%, respectively. Both are excellent buying opportunities, as they trade below $15 per share. Long-term profitable growth Algonquin Power & Utilities, a stalwart in global renewable energy, maintains a low-risk profile through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The $7.3 billion growth-oriented company also has a robust pipeline of renewable energy development projects. As of December 31, 2022, Algonquin has over 600 megawatts of wind and solar projects in various stages of ...

There are likely so many Canadians who currently continue to hoard their cash rather than investing it. What’s frustrating is that many Canadians may actually have it in an investing account! Whether it’s a Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) or anything else, why have it there if you’re not investing? There is no good answer. Instead, stop hoarding your cash and see this market for what it is: an opportunity. In fact, it’s an opportunity to get some of the best passive income you’ve been dreaming of! Deals on deals Think of this downturn as a fire sale rather than a crash. Just as your favourite clothing lines might go on sale once in a while, every decade, the market also goes on sale. As the economy struggles, stocks plunge, and you can buy them for a steal. This is especially beneficial if you want to lock in some great deals on passive-income stocks. What was once a yield at around 3% might suddenly be 5%! While the amount you get...