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Are you looking for Tax-Free Savings Account (TFSA) stocks to buy and hold forever?
In general, they’re not the easiest things to find. Broad-market index funds are usually thought of as being worthy of indefinite holding periods because they have so much diversification that the risk in them is reduced significantly. With individual stocks, it is much harder to find something that you’ll never have to sell. Truth be told, if you’re holding individual stocks, you’ll always need to follow the news about them to make sure that the company still is what it was when you bought.
Nevertheless, there are some stocks that have characteristics that make it at least plausible that they’ll be worth holding forever. Many regulated utilities, for example, have no real competitors, making them fairly difficult for management to ruin. In this article, I will explore two Canadian stocks that have…
