Login

The TFSA Millionaire Strategy

Gambling is picking stocks without explanations and hoping for the best. šŸ¤ž
Investing is picking businesses at attractive valuations.šŸ’²

1. Size matters

Invest in dividend stocks and early-stage companies with potential to grow even bigger. Receive alerts about companies that caught our attention and the reasons why. 
 
 

2. Lump in a slump

Buy more stocks "on sale" after a downtrend (buying a lump sum in a market slump) and sell for profit after an uptrend.
 
 

3. Til death do us part...

Stocks of dividend-paying, successful businesses bought at attractive values should be held indefinitely. Don't fix it if it ain't broke.

4. Returns, Reinvest, Repeat!

Donā€™t withdraw from your TFSA (if you can avoid it). Instead, sell for a return on your investment (profit), reinvest your gains and repeat. Take advantage of tax-free growth until the TFSA Millionaire goal is accomplished! Why would you withdraw funds, just to waste it on big purchase items that will be taxed? Also, if you withdraw you'll have less to reinvest.
 
 

5. Start investing EARLY.

Put down the pacifier and start investing early...okay, not that early!  A long-term growth strategy will need time to grow. Don't wait for a 'jackpot day' to begin investing. Small amounts invested consistently over time can build a fortune. 
 
 
 
 

6. Take it to the max!

The government previously cut the TFSA contribution room. Their explanation was that 'it only helped the rich.' We disagree. Unlike the RRSP, the TFSA contribution limit is equal for all eligible investors, regardless of their wealth status. Max out your TFSA contribution room by any (legal) means necessary, including any unused catch-up room.

7. It's all about the details

US investments held in a TFSA are subject to a withholding tax, but NOT in a RRSP. Therefore, it makes sense to hold primarily Canadian investments in a TFSA and US investments in a RRSP. The TFSA Millionaire portfolio picks are optimized for the TFSA (and yes, we review US stocks as well).

The proof is in the portfolio...

ā­ Metalla Royalty & Streaming Ltd (MTA) is a precious metals company we obtained at a cost of $0.69 a share. Less than 2 years later, it was trading over $8 a share, a percentage gain of over 1000%.

ā­ We initially obtained the tech stock Nextech AR Solutions (NTAR) for less than $0.30 a share. About 3 years later, it was trading just over $9.00 a share for a whopping 2900% gain!

Ready to invest in your future?

Yes, I'm ready