You have heard it a million times. High Risk = High Reward. What if I was to tell you that this statement could not be more wrong. Let me explain the facts with good ol' mathematics.
Congratulations, you are thinking about pulling the trigger on opening your own self directed brokerage account. You don’t have to be a professional to use their services and you will outperform all your friends who are paying out of control commission fees. You have come to the right place if you want to open up a Tax Free Savings Account (TFSA). The beauty of a TFSA is your capital gains will stay in your portfolio and are incredible for dividend growth income portfolios.
It is a wonderful time to be a stock investor with so many free tools available. Why not screen for the best of the best businesses available? Feel free to be picky, there are great business models available at attractive evaluations in all market conditions! Stock screeners help investors start looking in the right place for opportunities before conducting even more research before a purchase. There are many stock screeners available, but they are primarily only useful with full data sets for larger stock exchanges such as the NYSE and NASDAQ.