09-29-2024, 11:16 PM
Wlpg 3 TSX Stocks That Could Help Make You Rich by Retirement
The Canadian stock market is up over 20% year to date and is trading near all-time highs. It s been a volatile ride throughout this pandemic, but the bulls have not had much to complain about. The SP/TSX Composite Index is up 80% since the bottom of the COVI stanley flasche D-19 market crash in 2020.Considering the market s recent gains, it shouldn t come as a surprise to hear that it s not a cheap time to be investing in Canadian stocks. Many TSX companies are trading at record highs with valuations that have even some growth investors hesitant to buy.聽Long-term investors, with time on their side, don t need to be as concerned as sh stanley cup ort-term investors with the market s valuation today. I d definitely agree that the market as a whole is richly valued, but I m not letting that affect my investing strategy all that much. My focus is still on buying high-quality businesses with strong competitive advantages.Even though the market s valuation isn t largely affecting my investing strateg stanley quencher y, it still does Pwwg 4 of the Best Dividend Stocks for TFSA Passive Income
Up until November of this year, everything was going right for Canadian Pacific Railway Limited TSX: CP NYSE: CP . CEO Hunter Harrison was cutting costs and improving efficiency. Volumes were growing, especially in the crude-by-rail business. And the company s share price had skyrocketed to well over $230, from less than $50 in September 2011.But more recently, the story has been a little different 鈥?since November 27, the shares are down by more than 13%. So is this an opportunity to pick up a great company for a discount Below we take a look.An overreactionNovember 27 was also the day stanley tumbler that Saudi Arabi stanley cup a decided to maintain OPEC production levels, sending oil prices crashing around the world. So it is pretty easy to see why CP s shares have f stanley thermobecher allen so much: investors are afraid that North American energy production won t live up to expectations, resulting in a hit to CP s crude-by-rail business.But these concerns are way overdone. First of all, crude-by-rail still accounts for well l
The Canadian stock market is up over 20% year to date and is trading near all-time highs. It s been a volatile ride throughout this pandemic, but the bulls have not had much to complain about. The SP/TSX Composite Index is up 80% since the bottom of the COVI stanley flasche D-19 market crash in 2020.Considering the market s recent gains, it shouldn t come as a surprise to hear that it s not a cheap time to be investing in Canadian stocks. Many TSX companies are trading at record highs with valuations that have even some growth investors hesitant to buy.聽Long-term investors, with time on their side, don t need to be as concerned as sh stanley cup ort-term investors with the market s valuation today. I d definitely agree that the market as a whole is richly valued, but I m not letting that affect my investing strategy all that much. My focus is still on buying high-quality businesses with strong competitive advantages.Even though the market s valuation isn t largely affecting my investing strateg stanley quencher y, it still does Pwwg 4 of the Best Dividend Stocks for TFSA Passive Income
Up until November of this year, everything was going right for Canadian Pacific Railway Limited TSX: CP NYSE: CP . CEO Hunter Harrison was cutting costs and improving efficiency. Volumes were growing, especially in the crude-by-rail business. And the company s share price had skyrocketed to well over $230, from less than $50 in September 2011.But more recently, the story has been a little different 鈥?since November 27, the shares are down by more than 13%. So is this an opportunity to pick up a great company for a discount Below we take a look.An overreactionNovember 27 was also the day stanley tumbler that Saudi Arabi stanley cup a decided to maintain OPEC production levels, sending oil prices crashing around the world. So it is pretty easy to see why CP s shares have f stanley thermobecher allen so much: investors are afraid that North American energy production won t live up to expectations, resulting in a hit to CP s crude-by-rail business.But these concerns are way overdone. First of all, crude-by-rail still accounts for well l
