There is no “rule” forbidding investors from investing in dividend stocks when they have relatively limited capital. Many investors use small chunks of capital to enhance their dividend-oriented positions, especially if they can lock in a good yield.
However, a considerable number of investors seek growth stocks when working with an amount like $1,000. Three picks might appeal to a broad range of investors, from bold to conservative.
A satellite company
Ottawa-based Telesat (TSX:TSAT) is a small-cap company with a market capitalization of about $427 million. The company operates a satellite fleet and offers various satellite-based solutions to different industries and the government. It currently has 198 Low-Earth Orbit (LEO) satellites in space and 14 Geostationary (GEO) satellites.
While the company is quite old (1969), the stock is new and only started trading on the TSX in 2021. It started with a solid price of nearly $50…
