09-28-2024, 11:37 AM
Rflk 3 TSX Index Stocks to Buy Now and Own for 30 Years in Your TFSA
As Canadian investors consider their options for the remainder of 2024, gold and oil stocks present two distinct opportunities to play the commodities sector. Both have shown notable performance this year, albeit in different directions. If you are evaluating a gold play or an oil stocks bet for the fourth quarter, let s see which options might provide the best returns.Gold m stanley cup becher arket overviewGold Price in US Dollars data by YChartsGold has demonstrated strong performance in 2024, with prices rising 26.4% year-to-date and reaching new 52-week highs. Several factors co stanley cup ntribute to gold current appeal:Safe haven: When financial markets get shaky, in vaso stanley vestors often turn to gold.Interest rate expectations: Anticipation of lower interest rates and talks of slower growth can increase gold s attractiveness.Inflation hedge: Gold is traditionally viewed as a protection against rising prices.If you ;re inclined towards gold stocks but lack the energy to research individual stocks, consider Tjfm 1 Grade A Dividend Stock Down 11% to Buy and Hold Forever
The idea of buying a stock just because its price has increased in the past seems ludicrous. But so-called momentum investing has consistently been shown to outperform, as detailed in a new report released this month. In other words, stocks that have been going up in the past are more likely to keep going up than stocks that have lagged.There is a problem with momentum investing, and that is the risk of paying too much. So with that in mind, below are three stocks that have done well recently, but are still cheap.1. Canadian Natural ResourcesThere s no better place to start than with one of Canada s largest energy producers, Canadian Natural Resources TSX: CNQ N stanley cup YSE: CNQ . The past year has been very good for most energy companies, but CNRL has performed especially wel stanley flask l, with its shares returning 41% over the past 12 months.Still, the shares only trade at about the value of the company s existing reserves discounted at 10% after tax . For a company with CN stanley mug RL s track record, that is a
As Canadian investors consider their options for the remainder of 2024, gold and oil stocks present two distinct opportunities to play the commodities sector. Both have shown notable performance this year, albeit in different directions. If you are evaluating a gold play or an oil stocks bet for the fourth quarter, let s see which options might provide the best returns.Gold m stanley cup becher arket overviewGold Price in US Dollars data by YChartsGold has demonstrated strong performance in 2024, with prices rising 26.4% year-to-date and reaching new 52-week highs. Several factors co stanley cup ntribute to gold current appeal:Safe haven: When financial markets get shaky, in vaso stanley vestors often turn to gold.Interest rate expectations: Anticipation of lower interest rates and talks of slower growth can increase gold s attractiveness.Inflation hedge: Gold is traditionally viewed as a protection against rising prices.If you ;re inclined towards gold stocks but lack the energy to research individual stocks, consider Tjfm 1 Grade A Dividend Stock Down 11% to Buy and Hold Forever
The idea of buying a stock just because its price has increased in the past seems ludicrous. But so-called momentum investing has consistently been shown to outperform, as detailed in a new report released this month. In other words, stocks that have been going up in the past are more likely to keep going up than stocks that have lagged.There is a problem with momentum investing, and that is the risk of paying too much. So with that in mind, below are three stocks that have done well recently, but are still cheap.1. Canadian Natural ResourcesThere s no better place to start than with one of Canada s largest energy producers, Canadian Natural Resources TSX: CNQ N stanley cup YSE: CNQ . The past year has been very good for most energy companies, but CNRL has performed especially wel stanley flask l, with its shares returning 41% over the past 12 months.Still, the shares only trade at about the value of the company s existing reserves discounted at 10% after tax . For a company with CN stanley mug RL s track record, that is a
