Today, I want to weigh income and growth strategies in your TFSA for 2021. As usual, the strength of these strategies depends on the investor and their risk tolerance.
Most success stories for the TFSA have involved the substantial growth that can be achieved in what has been a red-hot market. However, investors who target the right dividend stocks can count on consistent tax-free income. Investors who want to pursue this course should consider some of the top REITs on the TSX.
For example, a health care-focused stock like Northwest Healthcare Properties REIT (TSX:NWH.UN)
Going for growth in 2021
Super stocks like Shopify have made fortunes for Canadian investors since the mid 2010s. A growth strategy is the best bet for TFSA investors with a long investment horizon.