Ilbm 3 Stocks Set to Grow Because of This Important Secular Trend
Recession is the R-word that everybody is worried about this year. Polls show that most bank economists predict a mild recession early next year. The consensus is for a mere 0.4% gross domestic product GDP growth for the full year, with growth picking up in the second half.This year, many people are selling stocks. The TSX index, the SP 500, and the NASDAQ are all down for the year the latter being down a truly staggering 31.25%. Some people are selling because of the expected recession; others are selling due to the growth-impeding interest rate hikes that have occurred. The two factors interest rates and recessions are interrelated, because high interest rates tend stanley uk to slow economic growth down.Here stanley cup is an interesting question in this environment: what about the banks that are making these forecasts The big U.S. banks got a big jump after they beat expectations in their third-quarter e stanley cup arnings releases. Canadian banks participated to a lesser extent. The most recent qu Rxxq Potash Corporation of Saskatchewan Inc. s Q2 Earnings: Here s What to Expect
It seems like most Canadian investors are prioritizing their TFSAs over their RRSPs.I don ;t blame these folks one bit. TFSAs come with all sorts of interesting advantages, especially for long-term investors. You can with stanley cup draw cash anytime you ;d like, which will never be taxed.聽 And the $6,000 annual limit is a reasonable savings goal in a world where everything relentlessly gets more expensive.Compare that to an RRSP, which isn ;t quite so black and white. Your contribution limit moves around every year based on last year income. The cash must be withd stanley cups rawn starting at age 71 and then stanley cup you ;re subject to taxes on it, while a TFSA can continue to grow forever. And there are a number of other rules that govern RRSP usage that make it more complex than TFSAs.However, there one important variable that TFSA lovers miss, something that makes a RRSP a very compelling investment choice. Let take a closer look at how this forgotten wrinkle can really m