WilliamMLeighty634 blog

If you’re looking to get rid of debt in 2023, you may think you’ve chosen the worst time to do it. After all, this year, we’re supposed to enter a recession. And how are you supposed to pay off debt with interest rates and inflation up? Well, there is certainly a way. Not only that, but Canadians can make money as well! All it takes is consistency when it comes to your plan. So, let’s get to it. Step #1: Go over your budget … again You may have a budget already, but I sincerely think that you should go over that budget again. There are a few reasons. First off, it’s important to go over your budget at least once a year to see what’s changed. Perhaps you had a child. Maybe you got a new car. You might have moved. Or inflation has simply taken a hit on your finances. Whatever the reason, right now is a great time to go over the last three months and see how your cash flow has changed. From there, see what’s going to work in your new budget and what won’t. Step #2: Cut back! ...

Recently, Canadian Tire (TSX:CTC.A) stock has piqued the interest of investors. This is due in part to the stock’s modest but meaningful rise of 2% over the past month. The company’s emphasis on offering guaranteed value to customers has driven its sales growth over the years. The company’s brand factor, modern and contemporary store network, and global sourcing capabilities make for its competitive advantage in the Canadian market. Here are a few reasons why Canadian Tire can be a viable choice for investors at this moment.  Exceptional Q4 2022 and full-year performance In the fourth quarter (Q4) of 2022, Canadian Tire reported an 11.3% rise in its comparable sales, which is in line with the Q4 performance of FY 2021. The company’s diluted earnings per share increased to $9.09, and the normalized diluted EPS has increased to $9.34, showing growth rates of 9% and 11% respectively.  According to experts, this performance can be attributed to the company’s higher reve...

The looming fears of a recession, interest rate hikes, and inflation have not spared any publicly traded company on the TSX, creating a bear market environment. Even industry giants like BCE Inc. (TSX:BCE) have seen their valuations decline. As of this writing, Canada’s largest telecom stock trades for $60.70 per share, down by 18.07% from its 52-week high. While stocks from the telecom and utilities sectors tend to trade for lower valuations during high-interest-rate environments, BCE stock has seen a more pronounced downturn due to inflation impacting its earnings. Let’s take a look at some important facts about BCE stock right now to determine whether it can be worth considering for your self-directed investment portfolio at current levels. The telecom giant’s capital expense and fiscal growth BCE is the industry-leading telecom company in Canada. Boasting the most extensive network among its peers, it continues to improve its infrastructure through capital investments...

Winter just seems to keep dragging on, doesn’t it? After quite a warm one across Canada, we were still hit with storm after storm. Each claiming to be the worst of the decade? Century? Something like that. And honestly, our financial situations seem to have taken a similar route. So, don’t let this winter drag into your finances any longer. Enter spring with some cash coming in, and start building up your nest egg right away. To do that, I would recommend three dividend stocks like these ones. Canadian Utilities stock Canadian Utilities (TSX:CU) is one of the best companies to buy considering it’s currently the only Dividend King on the TSX today. That means you can look forward to even more growth in dividend income in the years to come. What’s more, utilities are a great buy during a downturn, because the world needs utilities, no matter what happens. Yet right now, Canadian Utilities stock remains a pretty good deal, trading at 17.16 times earnings. That means you can pick...

Beginning Tax-Free Savings Account (TFSA) investors have an ugly road ahead of them, with the U.S. Federal Reserve likely to keep raising interest rates. As rates soar, the relief bout of relief in tech could prove short-lived. In any case, I still think there’s value to be had in the high-multiple growth names for investors willing to stick it out. Battered tech stocks won’t recover overnight. Nobody knows if recent relief will end in tears. Regardless, new investors should be focusing on building wealth over the next 12 years, rather than the next 12 months or weeks. The following tech stocks, I believe, offer a great risk/reward scenario for those willing to brave the volatility en route to better long-term rewards. mazon It’s hard to be an investor when you’ve got big-name folks on the Street calling for blood. American e-commerce giant Amazon (NASDAQ:AMZN) has already lost more than half of its value from peak to trough. The company overinvested in capacity, weighing on ...

It’s raining dividends in the Canadian energy sector as companies distribute record cash flows generated in 2022 to investors, pay down debt, buy back their shares, and raise regular dividends. Although Canadian energy firms dominate the dividend stocks scheduled to increase or pay raised dividends this month, BCE Inc. (TSX:BCE) is among the best dividend growth stocks you can buy for higher dividends and passive income growth in 2023. I’ll discuss three TSX dividend stocks that you can buy before they pay raised dividends for the first time this year. Buy BCE stock for juicy dividends BCE Inc. stock investors will receive a bumped dividend in 2023. The $55 billion Canadian telecommunications firm achieved all its financial targets for 2022 and raised its quarterly dividends rate for 2023 by 5.2% in February to 96.8 cents per share. The raised dividend payout should yield nearly 6.4% annually. BCE has raised its common stock dividends for 14 consecutive years now. To rece...

Lithium is an elemental metal primarily used by electric vehicles, or EVs, to manufacture batteries. Given that EVs are expected to gain traction in several global markets, you can consider investing in lithium and benefit from the rising prices of this commodity. Lithium prices surged 400% in 2021, and you can gain exposure to a rapidly expanding commodity market by purchasing shares of companies that mine the metal. One such company that is involved in the lithium mining space is Lithium Royalty (TSX:LIRC), which also went public this week. Lithium Royalty IPO: All you need to know Lithium Royalty Corp. (LRC) went public on the TSX after it raised $150 million, which was the largest initial public offering (IPO) in Canada in almost a year, according to Bloomberg. The company sold 8.82 million shares at $17 per share and listed on the TSX yesterday (March 9). Lithium Royalty stock fell over 4% on its first day of trading, valuing it at a market cap of $870 million. Lithium...