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When you are new to investing, it can be hard to know where to start. Buying Canadian stocks in a volatile market can be terrifying.
However, it becomes a little less scary when you realize a stock is just an ownership stake in a real business. If you are looking for some really good businesses to own in 2024, here are five for any beginner portfolio.
A dividend anchor stock
Every investor should have a little bit of passive income in their portfolio. That way, when the market fluctuates, you can still earn a cash return. At the very least, it is a comfort to have one or two stable anchors in a portfolio. Fortis (TSX:FTS) can fill that role nicely.
FTS is not a growth stock. Though Fortis is growing by about double the normalized rate of inflation (around 4-6% per year). It provides essential gas and electric services across North America, so it is meant to be stable.
The electric utility holding company…
