Hi yall, now that January is closer, we can contribute more to our TFSA. The annual contribution limit for 2025 is $7,000, confirmed by the CRA. With a new contribution room available, where will you be investing your money? My TFSA journey began a couple of years ago, thanks to a chat with some buddys who were totally hyped about its perks. At first, I was like, "Yeah, right?" but my curiosity got the best of me and I dove in....
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WeedStreet
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best way to automate buying ETF's and contributing to TFSA?
Bravo Jordan
WeedStreet
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You can set up recurring payments in the moomoo to buy ETFs. The moo-moo will withdraw money from your account and buy it automatically.
WeedStreet
Lauren_investement
OP
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What I want to do is deposit $200 monthly into my TFSA and at the same time buy max XEQT with it. should i just cancel the auto deposit of $200 and then under automations turn on recurring investments for $200 every month?
As 2024 nears its end, we've witnessed inflation rates falling in major developed countries, with Canada's inflation rate dropping from 2.9% at the beginning of the year to 1.9%. This year, the Bank of Canada took the lead in cutting interest rates, followed by the Federal Reserve. The AI sector in North America continued its rally, driving Canadian tech stocks to soar. ■ How did each sector perform in 2024? Among all sectors in Canada, t...
What if BCE cuts the dividend but doesn't pay down debt? Bonuses for management again or another buying spree on companies in the US?$BCE Inc (BCE.CA)$
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李白的李
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Buying a hammer just for the sake of buying is not the way to go. Everything is very expensive right now, so we won't continue to acquire. These large-scale heavy Assets acquisitions only happen once every few years unless a particularly good opportunity arises. As long as we can33If the Canadian Dollar stabilizes next year, it will gradually recover.
I’ve got a sizeable investment in them and it just has been flat all year long. I thought the interest rates coming down should have helped them. Any thoughts?$TELUS Corp (T.CA)$
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Bravo Jordan
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Telus is the well positioned against any incoming Trump Tarriffs.
JGPM
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Telecoms have high debt. The cost of interest on that debt is high. As interest rates fall, they will slowly climb. Check the price again this time next year.
Lauren_investement
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It's one of the highest paying dividend stocks out there. If you're looking for gains just put your money elsewhere. I've been in the red with Telus for like a year and half now but I'm actually at a positive given the amount of dividends its given me.
WeedStreet : best way to automate buying ETF's and contributing to TFSA?
DanDha : Great read, thanks!!!!
Lauren_investement OP WeedStreet : You can automate inside the tfsa account in moomoo.
Bravo Jordan WeedStreet : You can set up recurring payments in the moomoo to buy ETFs. The moo-moo will withdraw money from your account and buy it automatically.
WeedStreet Lauren_investement OP : What I want to do is deposit $200 monthly into my TFSA and at the same time buy max XEQT with it. should i just cancel the auto deposit of $200 and then under automations turn on recurring investments for $200 every month?
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