Getting started in Canadian markets can be a daunting task, especially for new investors. Thankfully, it doesn’t need to be scary at all for those new to the Canadian markets.
And there are plenty of great investments to choose from for all types of investors who are just getting started in Canadian markets.
Start with a great defensive stock
The first step to building a portfolio for those new to Canadian markets is a defensive option, such as Fortis (TSX:FTS). Defensive stocks such as Fortis can provide a stable, growing income source while also offsetting market volatility.
Part of the reason for that is the reliable business model that utilities like Fortis adhere to.
In short, Fortis provides a service for which it is compensated. That compensation is outlined in long-term, regulated contracts that span decades.
In other words, for as long as Fortis continues to provide utility services, the company generates a stable…
