Weekend Reading – How to invest in your TFSA, passive income updates, top stocks to own this year and more!
Welcome to my latest Weekend Reading edition where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere.
You can find my previous Weekend Reading edition below!
Leading off this edition, some recent posts from yours truly:
I also shared my latest October dividend income update as we progress down the road towards semi-retirement in the coming years.
Below you’ll find some of my favourite reads and finds from the week that was.
All the best and enjoy your Weekend Reading edition. I’ll be back next week with a post about survivorship benefits from CPP and OAS – from a financial expert.
See you in the comments section!
Henry Mah cautioned us not to underestimate the damage caused to some investors when they react to short-term market volatility.
Rob from Canadian Passive Income highlighted some of his “forever holds” when it comes to his top-5 Canadian dividend paying stocks.
I have a few favourites myself, they are: TD, CAR.UN, CNR, FTS and Telus.
You can review a reader question I answered similarly on this subject on my newly minted FAQs page.
I will continue to add to that page over time!
Back to Bob Lai/Tawcan it was amazing to see his and his wife have invested some $30,000+ lately in these stocks and ETFs: ENB, TD, NA, low-cost ETF XAW and Canadian ETF VCN.
Dale Roberts was back to try and make sense of the markets this week.
He highlighted the top U.S. stocks to own this year that trounced the S&P 500 index. I bet you can guess those stocks!
He also shared this historical returns by asset class from Visual Capitalist. Love these infographics.
2021 TFSA contribution room is near!
As part of our financial goals, every year, we try and save up money to invest inside our Tax Free Savings Accounts (TFSA). This year is no different.
I’ll have an update on our 2020 financial goals soon but in the meantime, as you might consider saving and investing inside the TFSA for 2021 as well, here are some considerations for you:
Now that you’ve maxed out your TFSA, here is how to take good advantage of it using low-cost diversified ETFs:
And finally, if you are wondering if you should transfer stocks from your non-registered account to your TFSA in 2021, that’s OK (I’ve done that too) just be mindful of any tax implications.
Should you sell this dividend stalwart? Is the dividend safe?
Mike Heroux was back to discuss one of Canada’s dividend darlings: Enbridge.
My answer: no, not selling. I will continue to hold this company just like I have for the last 10+ years.
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Happy investing and see you in the comments section!