dgbt TFSA Investors: 41% of You Are Making This Big Mistake

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Jytv Need Passive Income 1 Dividend Stock Offering $200 in Monthly Income
If you have a Tax-Free Savings Account TFSA , then you hopefully have an investment goal to go along with it. Now, we could drill down into specific savings goals, but, honestly, those goals change! What someone wants at 30 will be different at 50, and so on. First, it stud vaso stanley ent debt, then a house, then a child, their education, and, of course, retirement.Frankly, you shouldn ;t have to juggle your investments every time you come up with a new goal. In fact, one of the main points of investing is to buy and hold for as long as you can. Sure, you can take out cash as your g stanley cup oals come stanley website in, but you should be able to hold onto them for as long as you want.With that in mind, here are four TFSA stocks that will help you achieve any investment goal.FortisIf you ;re going to have long-term TFSA stocks, you need stable companies to get you there. That would definitely include Fortis TSX:FTS NYSE:FTS . The utility company has been growing its dividend each year for almost 50 yea Ylxp Can the Stock Market Keep Up This Record-Setting Pace in September
Since 1970, Toronto-Dominion Bank has raised its dividend more than 60 times, and never cut it once. But these days there are some legitimate concerns about the banks, and TD has gotten caught up in the mix. In fact, its shares are down by nearly 10% in the last 12 months, even though its earnings and dividend have grown.So, what exactly would it take for TD to cut its dividend What if its loan losses skyrocketed Let s start by taking a look at TD s res stanley quencher ults through the first three-quarters of this year. Over this time, net income totaled $6 billion, and $2.6 billion was paid out in dividends. Meanwhile, the bank incurred $1.2 billion in loan losses.So, even if loan losses tripled and took an extra $2.4 billion bite out of net income, TD s net income would still be enough to cov stanley mug er its dividend. Of course, if loan losses spiked, the bank would also have to pay less tax. Thus, if credit losses quadrupled, the dividend stanley termosy would still be affordable.It helps that TD pays less than half its net