Ideas for new TFSA stock Investments
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Thread: Ideas for new TFSA stock Investments

  1. #1
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    Ideas for new TFSA stock Investments

    We have just received some cash in several of our TFSA accounts from the recent buyout of CML Healthcare. I would appreciate any ideas out there about what might be a good investment for this cash.

    Thanks for any thoughts and ideas.


  2. #2
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    Going to need more parameters than just that! Could you be more specific?

    So you only want stock investment ideas? (going by your title)

    What is your comfort level with risk? Are you willing to hold this investment for 10, 20 years or more?

  3. #3
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    The money was nice to see eh warp?

    I'll probably buy some REITs.
    My Own Advisor - My blog about saving and investing my way to financial freedom.

  4. #4
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    Yes the money was nice to see,,,even if it arrived a day late.
    We had owned CML for several years...bought at different prices,,,but having CML get bought out at that nice premium was good.,,,,and the divs over the years was nice....

    So I am looking for similar type investments....Stable businesses,,(in fact boring businesses are always good), that pay a reasonable diividend. Riets are one idea.....any others out here?

    Thanks for all ideas/suggestions

  5. #5
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    Answering based on your parameters: maybe some utilities stocks, ZUT or some of its holdings. ZUT yields 6.08 - 0.62 mer = 5.46% yield

    My warnings however would be that ZUT (like REITs) will likely drop if interest rates rise. Also, some utilities have recently cut distributions so the rather high distribution yield on the sector ETF is an indication that some further distribution cuts are expected.

    If buying this, I would not be counting on capital gains

  6. #6
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    I like james4beach's call as well.

    ZUT and some of its larger holdings are worthy of consideration, namely FTS, EMA, CU and PPL.
    My Own Advisor - My blog about saving and investing my way to financial freedom.

  7. #7
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    Round out your portfolio. Buy where you need to buy.

    Interest rate movements will impact ETFs like ZUT enormously.

  8. #8
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    ZUT holds too many dogs.

    I'm with MOA. Just pick the best few form ZUT.

  9. #9
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    I have considered Fortis and Emera.....they have pulled back recently.
    A rise in interest rates will probably affect them as well as the reits.

    Any other suggestions? Perhaps I should be asking what others on the board have recently purchased in their TFSA's. ( or even in other accounts)....and why they felt they were good investments.

    I wouldn't mind getting some bonds or debentures for the tax free income......but rates today are so low,,,and if you can get a good yield on a debenture,,,you may have to accept a less than perfect rating.

  10. #10
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    Warp, what's your current objective with your investments? Are you looking for income or growth? Do you index? If you are looking for something that pays distributions, you should consider dividend ETFs such as ZDV. I have also noticed some of the pipeline stocks have pulled back a bit.


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