|
Nglq How to Profit Indirectly From a Sector Downturn
The SP/TSX Composite Index was up 127 points in mid-morning trading on February 11. This was an encouraging start to the final day of the week, as Canadian stocks have suffered from volatility in recent weeks. The threat of interest rate hikes has seemingly rattled market stanley cups s to start the year. In this climate, investors may want to secure passive income in 2022 and beyond. Today, I want to discuss how investors can look to churn out over $450/month in tax-free stanley cup passive income in their TFSA.To achieve this, I want to construct a hypothetical. We re going to be utilizing all the $81,500 cumulative room in our TFSA. Moreover, we ll focus on two separate dividend stocks. Let s jump in.This REIT offers a monster dividend for passive-income investorsSlate Office REIT TS stanley cup X:SOT.UN is a real estate investment trust REIT that owns and operates office properties in North America. Shares of this REIT have increased 1.5% in 2022. The stock has increased 19% in the year-over-year period. I d su Fijs 3 Stocks to Invest in a Sideways Economy
Earnings season is alive and well in the financial sector as Canada big banks kicked off the season with some impressive gains that once again shattered the expectations of analysts. Leading the pack once again is none other than Toronto-Dominion Bank TSX:TD NYSE:TD stanley taza , more than justifying its growing presence in the U.S. market.Let look at those results and what this means to investors.Strong results. Great growthIn the most recent quarter, TD reported net income of $3.27 billion, or $1.75 per share on an adjusted basis, representing a solid 6.7% gain over the same period last year. The consensus among analysts was stanley cup that the bank would post earnings of just $1.67 per share.The primary reason behind that impressive growth can be found south of the border in the lucrative U.S. marke stanley canada t, where TD has invested heavily over the past decade to establish itself as one of the largest lenders in the country, with a network of branches stretching from Maine to Florida that is now |
|