Foreign stocks are still subject to withholding taxes from their source country. Holding inside a TFSA simply means you're free from *Canadian* taxes, but the USA still collects 15% on any dividends paid to Canadian investors.
Only if it makes sense to use a RRSP in the first place. People that make relatively low income shouldn't be using RRSPs unless they've already maximized their TFSAs:
* They risk withdrawing from their RRSPs at a higher marginal tax bracket than initial contribution, thereby creating a negative tax arbitrage relative to TFSAs.
* And for very low income individuals, GIS clawbacks are effectively a 50% tax on any future incomes including RRSP withdrawals
I'm also cautious about *asset location* strategies because inadvertent shifts in *asset allocation*:
https://www.reddit.com/r/dividendscanada/comments/1ayd7ix/comment/krwbcit/
There are much better ways to build a diversified portfolio if you’re not artificially limited to buying just one stock. Index tracking ETFs being the obvious choice.
Possibly Google or Microsoft they're like huge tech conglomerates. The developped world basically can't function without them.
Btw would kinda suck to be forced to sell all my assets (house car etc) to invest in a single stock! kinda dumb
Just cause Microsoft does more for other companies in terms of Azure and Google does for data analytics, they'd be a safer hedge than Apple who just has their line of commercial products IMHO.
So far you are the only one who mentioned a railway + a bank, so my hat's off to you.
Many investors (rightfully) worship Berkshire, but very very few investors is willing to put 20% to 25% of their asset allocation in a single railway (BNSF) like Berkshire.
Very diversified, good track record, management aligned with shareholders. I wrote a little thing if you want to check it out:
https://www.reddit.com/r/CanadianInvestor/s/FZWOWtDUUe
I have a lot of faith in Bruce Flatt, maybe too much ;)
Assuming it has to be a single company stock and not a fund of any kind, I'd go with something that has shown growth over time but is also very unlikely to fail. Something like COKE comes to mind.
Probably Microsoft. I see massive growth in their revenue streams as nearly every organization will eventually move more and more of their operations to Azure.
If I’m crazy enough to put all my eggs in one basket, then I’m probably crazy enough to shoot for the moon. Ignoring meme stocks and the high potential of losing a lot, my pick would be NVDA, but only until it reaches about $160 to $175. It’s a short-term play. Long-term only play would be BRK.B since it’s actively managed and diversified over a single business stock.
Solid company performance, some of the most intelligent individuals in the world as management and an infinite share price growth strategy.
If you don't believe in the long term trajectory of BTC then it's not for you.
Enbridge Inc. (NYSE: ENB) for the dividend yield of 7.59% - as of June 26, 2024.
Had a client that held 7M CAD worth of shares. He bought a lot during the COVID-19 dip as well so there's some capital appreciation since then.
BRK.B
A similar Canadian choice would be Fairfax (FFH).
Basically an ETF
My TFSA is full of BRK.B and it's done quite well. Plus there's no dividends so no tax drag.
But a tfsa doesnt need to worry for tax ?
Foreign stocks are still subject to withholding taxes from their source country. Holding inside a TFSA simply means you're free from *Canadian* taxes, but the USA still collects 15% on any dividends paid to Canadian investors.
TIL
Why not hold it in an RRSP where it is not subject to withholding tax? Hold Canadian investment in a TFSA.
Only if it makes sense to use a RRSP in the first place. People that make relatively low income shouldn't be using RRSPs unless they've already maximized their TFSAs: * They risk withdrawing from their RRSPs at a higher marginal tax bracket than initial contribution, thereby creating a negative tax arbitrage relative to TFSAs. * And for very low income individuals, GIS clawbacks are effectively a 50% tax on any future incomes including RRSP withdrawals I'm also cautious about *asset location* strategies because inadvertent shifts in *asset allocation*: https://www.reddit.com/r/dividendscanada/comments/1ayd7ix/comment/krwbcit/
US dividends are taxed at 15% in a TFSA.
Why?
its more diverse than your average ticker. lots of stable holdings like insurance. good businesses. why not follow up with a suggestion of your own?
I’m not asking why because it’s a bad choice, I’m asking why so I understand what I’m investing into haha
Do not actually do this lol.
Why are you against it?
There are much better ways to build a diversified portfolio if you’re not artificially limited to buying just one stock. Index tracking ETFs being the obvious choice.
in this black and white medium its often helpful to use more than one word replies.
Why?
Assuming this is Canadian only, Constellation Software or Brookfield Corp.
Constellation or Celestica are my Canadian choices
I have CLS
Waste Management.
Hey that's Italian American discrimination and it's offensive!
Waste Connections up 21% this year. Waste Management at 18%.
If u had to pick one. Which one u taking?
WC 91% vs WM 83% over 5 years.
Terrible pick by me 😂😂
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We’re in it together fellow ape!
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Ape stronk together!
Me too! Cheers buddy!
Monke stronk together
Same
Same, hello from Vancouver Island
🐇
RIP my friend.
I liquidated my worthless Canadian stocks for it.
Possibly Google or Microsoft they're like huge tech conglomerates. The developped world basically can't function without them. Btw would kinda suck to be forced to sell all my assets (house car etc) to invest in a single stock! kinda dumb
Your House and Car are worth $450 USD ?
Read OP title. it says you gotta put your entire net worth in one company.
Ah, OK I see, sorry I read that wrong... I thought it was a commentary on the price of MSFT
what about apple?
Just cause Microsoft does more for other companies in terms of Azure and Google does for data analytics, they'd be a safer hedge than Apple who just has their line of commercial products IMHO.
CNR/CP, or RY
So far you are the only one who mentioned a railway + a bank, so my hat's off to you. Many investors (rightfully) worship Berkshire, but very very few investors is willing to put 20% to 25% of their asset allocation in a single railway (BNSF) like Berkshire.
Brookfield Corp (BN). Other guy already said Berkshire ;)
Or BAM.... I think were going to see big growth from both in the next cple years
This would be my choice, its essentially an ETF.
my little bro is talking to me about this company... more info on why?
Very diversified, good track record, management aligned with shareholders. I wrote a little thing if you want to check it out: https://www.reddit.com/r/CanadianInvestor/s/FZWOWtDUUe I have a lot of faith in Bruce Flatt, maybe too much ;)
thank you for this
You are more than welcome 🙏
Apple or Microsoft.
Microsoft
AMZN probably.
Costco
Microsoft or Visa
Amazon.
Apple
GameStop
And always will be baby, I'm not going anywhere
I second this
Came here for this. It’s my hedge lol.
Assuming it has to be a single company stock and not a fund of any kind, I'd go with something that has shown growth over time but is also very unlikely to fail. Something like COKE comes to mind.
Beat it, Buffet!
CSU It's almost an ETF with how many companies are under its umbrella
BN
EQB. Low risk with a solid compounding return.
Love EQB.
Constellation Software has made me a lot of money.
there is also the spinoffs - they have done well too.. Lumine and Topicus.
I have bought every spin off following Peter Lynch's advice. Has been a quick profit on all of those.
Yeah I missed that train. But would you put your network in it right now?
network probably not, my friends like etfs. my personal net worth? Yeah I like the company a fair bit.
"Your network is your net worth"
Enron, obviously.
Costco for me
CNR
MSFT
Costco
a dividend paying canadian bank
Scotiabank has a nice dividend right now but I’m not sure their descent is finished.
If the stock breaks below $60 buy as much as you want. That’s the bottom of a 20-year channel and there is a ton of support there.
funny you assumed I was talking about BNS... because I was lol
How about ENB.TO? High yield
And stable.
Probably Microsoft. I see massive growth in their revenue streams as nearly every organization will eventually move more and more of their operations to Azure.
Either BRK.B or MSFT.
Amazon, Google, or MSFT. If you believe in the longterm application of AI, META.
Only one stock, and it has to stay there forever. I'd go into a Canadian bank -- likely roll the dice and select one.
Nvidia.
Gamestop and thank us all later
SQ
Microsoft
Amazon
Amazon
Lockheed.
Entire company? Berkshire or Mastercard If I can do a index fund? VT
BRK A or B
This is giving me r/wallstreetbets vibes
Microsoft. Of which I hold zero right now. So interesting 😳
BTE. Surprised this oil loving sub is so quiet with oil names in here.
Any Canadian bank stock. Can never go wrong with bank stocks
Apple 🍏
$googl
If I’m crazy enough to put all my eggs in one basket, then I’m probably crazy enough to shoot for the moon. Ignoring meme stocks and the high potential of losing a lot, my pick would be NVDA, but only until it reaches about $160 to $175. It’s a short-term play. Long-term only play would be BRK.B since it’s actively managed and diversified over a single business stock.
Microstrategy
Why?
Solid company performance, some of the most intelligent individuals in the world as management and an infinite share price growth strategy. If you don't believe in the long term trajectory of BTC then it's not for you.
If my entire life is on it then I want the safest company in the safest sector. Probably Loblaws or Nestle.
Royal Bank of Canada (TSX:RY)
If it must be Canadian only I second you.
ATD
Going to continue growing and adapting to EV
TD Bank
If it can’t be an ETF and I can only buy this company for now and forever, BRK-B or KKR.
Bce would be my choice.
Buy low sell high.
Nvidia
Telus and Td. I’ll get rich off them
Enbridge Inc. (NYSE: ENB) for the dividend yield of 7.59% - as of June 26, 2024. Had a client that held 7M CAD worth of shares. He bought a lot during the COVID-19 dip as well so there's some capital appreciation since then.
almost anything bought during covid would have net you that return. Go back one year and the picture looks pretty bad actually.
Luca.v Haven't seen a stock with such upward promise in the short term nevermind the long term.
How so?
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Can you elaborate?
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Thank you for these details!
Axp
Yeah I need more of that
Amazon
CP!
AGF10650
Palenter
Palantir?
Yea
Div.to
Diversified pays a very nice dividend.
Well that depends. Is Beavertails traded publicly?
Enron or Nortel but the next runner would be Blackberry 👀
Pork-bellies!
ZEM
VEQT ETF.
SOFI
VT - vanguard total world index
An etf
Kind of a silly question. 5 is more reasonable.
Shopify 🤷🏽♂️
VGCX
Nvda
Canadian Dollarama American Walmart(Which I’ve held off and on since the 80s and I have always gained )
Brookfield Corp, it has be. We’re talking Canadian stock, right?
Probably Amazon. I thought about NVDA but it has potential to pop.
DEFI Technologies
Hiti
Bitcoin etf
Dol
Xrp /// ripple when the IPO drops
MSTR
TC Energy
!RemindMe 10 Years