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Did you know that only about 3% of Canadians ever achieve the elusive $1 million mark through investing? It might sound daunting, but with the right strategy, and of course patience, you could be one of the savvy few! Whether it’s through smart stock picks, consistent contributions to your Tax-Free Savings Account (TFSA), or simply letting time work its magic, the path to seven figures might be closer than you think. So, why not aim high and see where your investments can take you? Here are some stocks to help get you there.
NewGold
Looking for a stock that could put you on the path to that $1 million mark? New Gold (TSX:NGD) might be your ticket. With a solid performance in the second quarter of 2024, New Gold reported impressive production numbers, including 68,598 ounces of gold and 13.6 million pounds of copper. The company is now in a sustained free cash flow generation period. This means it’s…
