A $25,000 Portfolio Strategy for the Next 5 Years
Written by Christopher Liew, CFA at The Motley Fool Canada
Stock investing is a powerful way to build wealth and a substantial retirement fund over time. Canadians are fortunate because they can utilize the Tax-Free Savings Account (TFSA) to create an investment portfolio. By contributing $5,000 annually to the tax-advantaged account, you’d have a $25,000 portfolio in five years.
More importantly, your money would grow faster through dividend reinvestment or price appreciation, depending on the type of stocks you choose. Given that the Toronto Stock Exchange has 11 primary sectors, you can manage risk and create a resilient TFSA portfolio by investing in top-tier stocks across different…
