The Canada Revenue Agency (CRA) is running after professional traders who use their TFSAs for business income. You don’t want the taxman in Canada to come after you because of that one major TFSA mistake.The CRA can haul you to court and the judge can rule against you if found guilty. All earnings from frequent trading will become taxable. It could mean tax payments as well as stiff penaltie...Read More
A conservative investment approach is one of the safest ways to protect your capital. But you should also understand that with risk comes reward. If you are willing to try your hand at some fast-growing stocks to expedite the growth of your wealth, you might want to consider Silvercorp Metals (TSX:SVM)(NYSE:SVM), goeasy (TSX:GSY), and Equitable Group (TSX:EQB) as your investing options.All three c...Read More
I recently revealed the secret of how to triple your TFSA stock portfolio in five years. This article is a related discussion of the topic.You’ll experience a limited number of market crashes in your lifetime. They are the best opportunities to help you retire early – but the catch is that you need to have cash when it happens.Market crashThe last market crash was due to a financial cr...Read More
It’s been a mixed week, with markets coming back down off record highs as uncertainty continues to dominate investor sentiment.Cannabis stocks have become an indicator for risk appetite, and saw an uneven week, with key assets such as Aphria and Canopy Growth oscillating.Telecoms and media were also following this pattern, with losses in both BCE and Rogers Communications recouped by Friday....Read More
Here are the top three TSX stocks of 2019. The companies are not the famous names you often hear or read about. However, the shares have delivered superior gains as the year-end approaches.Top-performer no. 1The “real” deal this year is a $1.1 billion tech stock from Markham, Canada. Real Matters (TSX:REAL) is a leading developer and provider of technology and network management soluti...Read More
As leading stock market pundit Jim Cramer says, “When you have some certainty you get a nice rally.” It’s true that uncertainty is like kryptonite for investors. One thing that happens when uncertainty is reduced, though, is that gold tends to recede, and that doesn’t seem to be happening to a significant extent at the moment, as precious metals wait at a crossroads fo...Read More
Christmas came early for TSX investors this year, with the “phase one” trade deal between the U.S. and China corresponding with a big win for Boris Johnson’s Conservative Party. At the same time, the USMCA agreement added some festive cheer, and plans for a rejigged retail environment buoyed cannabis stocks. Crude was up, and the TSX ended the week higher.A big win for Brexit cou...Read More
Gold has pulled back sharply, after reaching a multi-year high of over US$1,550 per ounce in early September 2019, to trade at US$1,475 an ounce. This has tarnished much of the bullish optimism surrounding the outlook for the yellow metal and gold miners.One miner that has been particularly roughly handled by the market is New Gold (TSX:NGD)(NYSE:NGD). It has gained a mere 7% since the start...Read More
A “phase one” trade deal has been reached at the very last minute, giving the markets a full day of trading to adjust to the relaxed tensions between the U.S. and China. For nearly two years, our two largest trade partners have been engaged in a trade war that has weighed on the markets and stalled global growth.With a December 15th deadline that had loomed large over the week now defu...Read More
Many commodity miners have been roughly handled by the market since the start of 2019 because of the U.S. China trade war and fears of a global recession, which have weighed on commodity prices.Diversified Canadian miner Teck Resources (TSX:TECK.B)(NYSE:TECK) has lost 20% since the start of 2019, triggering speculation that it is attractively valued and poised to rebound because of signs that the...Read More
New technologies have changed the world and the way we do things in lot of ways during the last decade or two. Think about a world without the internet or the smart phone. It's how some of these devices can transform a persons life and enable us as people do things that just a few short years ago would be almost unheard of. Take for instance prospecting and how the simple drone can speed up prosp...Read More
Most metal bulls will be able to tell you the price of gold or silver off the top of their heads on almost any given day. However if you asked them what the price of any of the base metals or the white metals were they would most likely be stumped for an answer. That's because most metal bulls don't seem to keep track of the platinum group metals and so by the time a person actually notices the ri...Read More
Metal prices both precious and base have been pretty dismal the past few years. Aside from palladium going to the moon price wise in the precious metal side, the only other metal that has had any shine is copper. This is mainly due to the fact that there could very well be a massive shortage of copper in years to come. This shortage is mainly derived from countries around the world that are going...Read More
There is an old saying in the gold and precious metal trading circles that say's "Sell in Mayand go away". If ever that saying rang true it was this year as we saw gold and silver sell off to two year lows starting back in June. This in turn has made the entire mining stock sector a pretty ugly place to be if your hoping to make a few bucks. Just how bad is it? Well in September the GDXJ hit it's...Read More
Most of us gold and metal buffs tend to follow the precious metal scene and aside from taking a glance a copper once in a while we seem to ignore what's going on with the base metals. For the past year a lot of analysts have been following cobalt and lithium but at the same time nickel has almost doubled and very few had even noticed. If you have a junior mining stock that has exposure to nickel y...Read More
It's hard to be a gold bug or grass roots mining stock buff and not have an interest in buried treasures or lost gold mines. I think that is what makes prospecting exciting. In a lot of cases it's not the treasure that you hope find but all the excitement that goes into the actual searching for the treasure. I tend to think that with the true prospector it's more the adventure than it is the rewar...Read More
Welcome to 2018. Some analysts are saying that this year is the year for gold. But there are a few other market watchers who are saying forget gold and watch silver, or better yet, buy silver. Be it physical bullion, silver ETF's or silver mining stocks. There are guys out there who are touting we will see $400+ silver price this year. I know it sounds far fetched and even though I think that a $4...Read More
Seems we live in a totally fake world now. Ever since Trump's tag line, "fake news," everything is turning up fake. I have always known about fake statistics, fake information, fake people and yes even fake bullion, but when a story about fake gold came out about a one ounce ingot that supposedly came from the Royal Canadian Mint as being fake, that was enough to raise an eyebrow.Turns out that a...Read More
When it comes to investing in a junior mining company the one you thing can almost always be certain of is "uncertainty." Mining and especially exploration is and always has been a high risk business full of uncertainties. Those uncertainties and risks can range from everything from government politics to commodity prices and everything in between. From raising money to how that money is going to...Read More
I've been reading bits of articles lately about a coming shortage of cobalt. Now I don't really know a whole lot about cobalt other than it's mined so I decided to to do a bit of investigating. There are a few things that I found out about doing some quick research and one is that cobalt mining shouldn't be protested about by enviromentalists. Another important issue that I've discovered is that t...Read More