I think that it is important in today’s world to have a second source of income. You can build that with Dividend Growth stocks in a TFSA. The TFSA lets you invest in stocks tax free. You cannot do things like day trading in such an account, but you can build a solid portfolio as an emergency fund.
Even in the best of economic conditions you can lose your job. Mine was threatened due to the firms I worked for downsizing. The latest would be the lockdowns we had for covid. If you have another source of income, you can weather employment problems better.
On my other blog I wrote yesterday about Pulse Seismic Inc (TSX-PSD, OTC-PLSDF) ... learn more. Next, I will write about TECSYS Inc (TSX-TCS, OTC-TCYSF) ... learn more on Friday, July 21, 2023 around 5 pm.
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It is the same as investing for income. A great idea. TFSA must be used very carefully to invest for tax free growth, imho
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