In 2024, the Average Registered Education Savings Plan (RESP) Balance

In 2024, the average Registered Education Savings Plan (RESP) balance for Canadian families is around $30,000. However, this can vary depending on how early the plan was started and contributions made. With government grants and investment growth, many families aim to cover a chunk of their kids’ future education costs. Yet, some balances can be Continue reading

Valued at $2.4 Billion: Why Brookfield Business Partners (TSX.UN) is a Buy in 2024

Brookfield Business Partners, with a market cap of $2.4 billion, has lagged the broader markets since its IPO in 2016. Despite this, the stock has returned 70% to shareholders over the past eight years when accounting for dividend reinvestments. Currently trading 23% below its all-time highs, 2024 presents a strategic opportunity to buy the dip. Continue reading

September’s Top 5 Stocks to Invest In Right Now

September often signals a transition for the stock market as it emerges from its summer hiatus. In 2024, North American markets continue to perform robustly, with the latter part of the year expected to be shaped significantly by interest rate changes and political events in the U.S. As we enter the fourth quarter, certain market Continue reading

9 Ways to Declutter or How to Simplify Your Finances?

Why Simplify Your Finances? Many of us declutter our homes regularly, but have you considered decluttering your finances? Simplifying your financial life can reduce stress, improve decision-making, and save time. Get Rid of Unnecessary Bills and Expenses Evaluate your subscriptions and insurance plans. Cutting out unnecessary expenses can free up funds for more meaningful uses. Continue reading

Stock Picks: Top 3 Bargains to Consider Now

The recent downturn in major stock indices, including the TSX Composite Index, Nasdaq Composite Index, and S&P 500 Index, can be attributed to weaker-than-expected U.S. jobs data for August 2024. This economic signal has heightened recession fears, impacting investor sentiment and causing a ripple effect across various sectors. In this climate of uncertainty, several stocks Continue reading

4 Bargain Canadian Stocks Offering Over 6% Dividend Yields

For income investors who missed the recent rebound in dividend stocks, finding undervalued TSX dividend-growth picks can be crucial for building a high-yield self-directed Tax-Free Savings Account (TFSA) portfolio. Here are some top dividend stocks that might still be undervalued and worth considering. BCE (TSX: BCE) BCE Inc., one of Canada’s largest telecommunications companies, has Continue reading

Top Canadian ETFs Under $100 Available on the TSX

Investing in the stock market can seem daunting, especially if you’re just starting out with a modest amount of capital. Fortunately, exchange-traded funds (ETFs) have made it easier than ever to build a diversified investment portfolio, even with as little as $100. Understanding ETFs: A Simple Investment Solution ETFs are essentially “baskets” of stocks that Continue reading

2 Growth Stocks You Should Buy Right Now with $3,000

Investing in growth stocks can be a thrilling journey, but finding the right balance between risk and reward is crucial. One effective strategy is to focus on safe sectors that are showing signs of recovery. These sectors, including utilities, consumer staples, and healthcare, are known for their stability during economic downturns. When these sectors begin Continue reading

Best Canadian REITs for Reliable Dividends

Real Estate Investment Trusts (REITs) have gained significant traction among Canadian investors, and it’s easy to understand why. These investment vehicles not only offer attractive dividend yields but also provide a hedge against market volatility. With over 40 publicly traded REITs listed on the Toronto Stock Exchange (TSX), investors have a broad array of options Continue reading

The Ultimate Dividend Stock for Passive Income: CIBC vs. Pembina

When evaluating investment opportunities, Canadian Imperial Bank of Commerce (CIBC) and Pembina Pipeline stand out as strong contenders for those seeking stable returns and reliable income streams. Each company brings distinct strengths to the table, making them appealing choices for different investor preferences. This article delves into why CIBC and Pembina Pipeline are considered robust Continue reading