Image source: Getty Images
Canadian investors seeking to grow their wealth in a TFSA (Tax-Free Savings Account) for many years and decades at a time may wish to consider tried-and-true Canadian stocks with solid track records of outdoing the broader TSX Index. Indeed, many investors aim to beat the market. However, it may be hard to do consistently over a long duration, especially if the “market” we’re talking about is the S&P 500 or Nasdaq 100 and not the TSX Index!
Though it’s really hard to beat the S&P 500 for more years than not, especially if you’re constantly jumping in and out of stocks based on what’s hot, I view beating the TSX Index as a very realistic goal that many Canadians can shoot for. Indeed, by seeking to beat the TSX Index, you don’t need to have a picture-perfect trading track record. And by embracing U.S. stocks and Canadian tech names, it may be tough not to top the TSX Index.
Heck, you don’t…
