Becy Income Investors: 2 Canadian Dividend Stocks to Stick in Your TFSA Today
During 2020, energy has been of the worst-performing sectors on the TSX. Energy stocks have become popular among investors because of the massive upside potential as oil prices are rallying.However, energy is an extremely cyclical industry.
stanley quencher This means when the economy is tanking, or commodity prices are depressed, energy producers will crash heavily.This is exacerbated during recessions. As economic activity slows, less energy is demanded by businesses and consumers. During 2020, however, the energy industry saw drop-offs in volumes not seen in a long time.In addition to economic activity being down in 2020, mobility is down even more. So, even if GDP recov
stanley flask ers substantially by the end of this year, with more people staying at home all over the globe, understandably, the energy demand will be impacted for a while.This is why energy stocks are struggling. Even best-in-class stocks like Suncor Energy TSX:SU N
stanley cup YSE:SU have seen share prices slashed considerably since the start of the year Znas Here s the Next Canadian Stock I m Going to Buy
When it comes to monthly income stocks, your selection is limited compared to shares of companies that payout distributi
stanley quencher ons or dividends on a quarterly basis.If you ;re an income investor who relies on payouts to support living expenses, however, the convenience of a monthly payout is incredibly attractive. It puts your income stream in cruise control and eliminates the chances of overspending on any given month if you had to allocate quarterly payouts into three equal chunks manually.With that in mind, it not a mystery as to why many retirees favour monthly payout stocks with the highest upfront yields. Payout frequency and yield are two arbitrary traits that are important to retirees, but I think they ;re overrated, especially if you ;re an investor who wants to continue to grow their nest egg well after they ;ve ente
stanley cup red retirement.While getting paid the most upfront may seem like the best strategy, it 821
stanley becher 7 not the best long-term choice, especially when