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I have a hunch this is just the first article you’ll be reading this year that talks about stocks you can invest $7,000 in this year. The reason that number should keep popping up throughout the year is because that’s the new contribution room limit given to Canadians for their Tax-Free Savings Accounts (TFSA). If you’ve already maxed out your TFSA prior to this year, it’s time to add new capital. If it’s your first time opening a TFSA, make sure you’re aware of your true limit.
In this article, I’ll discuss three of the best TSX stocks to invest $7,000 in January 2024.
A massive global stock
Shopify (TSX:SHOP) is the first stock that I think investors should consider buying in their TFSAs in January 2024. This company is a massive player in the global ecommerce market. It’s estimated that more than one million merchants currently use Shopify’s platform to power their online stores….
