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$500 can help you buy shares of five companies operating in different sectors, giving you a good mix of growth and dividends. Here is how you can diversify your $500 to mitigate risk and accelerate returns.
| Stock Ticker | Cost of Shares | Number of Shares $100 Can Buy |
| BCE | $47.00 | 2 |
| HIVE | $4.33 | 23 |
| DND | $13.90 | 7 |
| TF | $7.78 | 13 |
| POW | $39.32 | 2 |
BCE stock
Telco BCE (TSX:BCE) is a stock worth buying at its 10-year low of $47. The stock has slipped as rising interest rates, price competition with rivals, and business restructuring has hurt its profits and cash flows in 2024. These headwinds are gradually easing as it has stopped the price war, and Canada has begun rate cuts. Thankfully, a majority of the telco’s debt is in Canadian dollars, giving it the benefit of lower interest expense in the coming year. Moreover, cost savings and revenue optimization from restructuring will be reflected from next year…
