Beginning Investors: 3 TSX Stocks I’d Buy With $500 Right Now

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For new investors, there’s a game-changing way to invest with minimal cost – $0 trading fees on platforms like Wealthsimple. By avoiding hefty fees, you can boost your investment returns. Here are three TSX stocks I’d snap up in a heartbeat today.

Why TD Bank stock is a must-buy right now

If I didn’t already own a sizeable stake in Toronto-Dominion Bank (TSX:TD), I’d jump at the chance to invest $500 today. TD Bank has a strong footprint in Canada and the United States. Its impressive track record speaks volumes: since 2010, it’s delivered a compound annual growth rate (CAGR) of nearly 11% in revenue per share, translating to over 6% annual earnings-per-share (EPS) growth and a 9% boost yearly in dividends.

The blue chip stock has essentially traded sideways since mid-2022, creating a prime buying opportunity for the long haul. Trading at $80.16 per share with a price-to-earnings ratio of…

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