A blue chip stock refers to stocks of high value companies. Think companies that are household names, have a widely recognized brand and are so big that they are unlikely to fail. The top blue chip stocks in Canada include companies from a wide range of sectors; utilities, industrial, financial and consumer staples. These companies often have very little - if any - competition, which is a great thing if you are one of their investors. On top of having a large market capitalization, and the ...| Million Dollar Journey
Investing in Canadian Real Estate Investment Trusts (REITs) offers a convenient way to add real estate exposure to your portfolio - without making major lifestyle changes. While buying a rental property and becoming a landlord is one option, it’s not for everyone. If you don’t have the time, energy, or cash/capital to manage physical real estate, Canadian REITs can be an attractive alternative. They allow you to invest in real estate through small, manageable amounts—no tenants or prope...| Million Dollar Journey
If you’ve been following MDJ for a while, you will come to learn that I’m a fan of two investing strategies, index investing and investing for income through Canada’s best dividend stocks. I like index investing (also known as passive investing) for its ease, low cost, and ability to beat most active mutual fund returns over the long term. I use this strategy for: my spousal RRSP; the international portion of my RRSP; and, the education fund (RESP) that I set up for my two kids. Divid...| Million Dollar Journey
