Sure, it’s possible to have a secure retirement if you avoid the stock market. It just isn’t very likely. That’s why every investor should own Canadian stocks.
The stats don’t lie. Overall, Canadian households who own stocks are wealthier than those who don’t. Good things happen for investors who funnel excess cash into ownership stakes in Canada’s finest companies.
So with that said, lets dig into some of the best Canadian stocks for beginners right now.
It also consistently gets better returns on invested capital than its peers. Its expansion into the United States continues to pay dividends.
And most importantly, shares have delivered an excellent total return of approximately 12% per year over the last 25 years. That beats benchmarks like the S&P TSX Composite Index and the S&P 500.
BCE also pays an excellent dividend. As of early 2024, the payout is $3.87 per share, which is good enough for a 6%+ yield. New investors should know…
