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Constellation Software Inc. (CSU)
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Intact Financial Corporation (IFC)
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Agnico Eagle Mines Limited (AEM)
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goeasy Ltd. (GSY)
Q: Hello 5i,
I am 27 years old. I have approx. $100,000 to start a portfolio. I have established with two positions thus far - 5% each in ATZ & BAM. Considering my age, what companies would you suggest I add keeping in mind my focus being a long term growth with a set-it-and-forget-it strategy?
If possible I would like some good dividend generation names which hopefully do not sacrifice some reasonable capital gains.
If you could suggest which of the recommendations would be better suited (tax wise) to put into my TFSA and why that is so, that would be appreciated.
Thank you Peter & Team
-Andrew
I am 27 years old. I have approx. $100,000 to start a portfolio. I have established with two positions thus far - 5% each in ATZ & BAM. Considering my age, what companies would you suggest I add keeping in mind my focus being a long term growth with a set-it-and-forget-it strategy?
If possible I would like some good dividend generation names which hopefully do not sacrifice some reasonable capital gains.
If you could suggest which of the recommendations would be better suited (tax wise) to put into my TFSA and why that is so, that would be appreciated.
Thank you Peter & Team
-Andrew
5i Research Answer:
Generally we like 'growth' investments inside a TFSA, to maximize potential tax free gains. Assuming a long term time horizon, we can also suggest BN, LMN, TRI, TFII, CSU, WSP, DOL, AEM, NTR, CNR, GSY, IFC.
Not all of these pay dividends, but as a group we would consider it 'conservative growth' with dividend potential.