Sumary of 2 of the Best TSX Stocks to Buy and Hold Forever:
- For short-term goals, where you’ll need to access your funds within a year or two, you’re better off in a standard high-interest savings account..
- If you’d prefer, you could begin by buying a few broad market index funds to provide your portfolio with the much-needed diversification..
- Brookfield Asset Management Broad market index funds are a great place to start for new investors, because they provide exposure to a wide range of different sectors in the market..
- Typically, individual stocks specialize in a specific area of the market, which gives investors a chance to outperform the broader market..
- Brookfield Asset Management (TSX:BAM.A)(NYSE:BAM) stock is as close as you’ll get to a broad market index fund..
- The $95 billion asset management company not only has investments spread across a range of industries, but it has an international presence too….