People who want to create wealth and build a better financial future are always on the lookout for information and advice that can help them fulfill their goals. Often, investors, experts or budding, attempt to do this by connecting with other people online through communities like Facebook, Reddit, and various other stock forums.
Facedrive doesn’t call itself a company. It calls itself a “people-and-planet first” tech ecosystem that offers socially responsible services to local communities. It’s a great way to connect with local communities and it puts the planet first which is a great USP in today’s world.
In an advertisement on The Financial Post, Facedrive CEO Sayan Navaratnam said, “What if we built this organization more into an ESG platform, with multiple pillars, where a user can come into the one ecosystem, understand the value and be part of something they truly believe in?”
The last year has seen central banks across the world cut down interest rates to record lows since the 2008 financial crisis. Almost all governments have launched stimulus programs and have refused to up rates. The US Fed has said that it expects inflation to rise to 2.4% and it’s a matter of time before Canada follows suit. As inflation continues to climb in Canada, here are five stocks that are worth investing into:
The global marijuana market is growing at a fast pace and investors want to be a part of this growth story. A report by Grand View Research Inc. says that the global legal marijuana market size is expected to reach $84.0 billion by 2028, and is expected to expand at a CAGR (compounded annual growth rate) of 14.3% from 2021 to 2028. The report says, “Increased legalization of marijuana for medical and adult-use and the growing adoption of these products for the treatment of chronic diseases are the key factors driving the market for legal marijuana.”
Clubhouse is fast turning out to be one of the best places to talk about finances and wealth. The audiocast social network has multiple rooms that are educating people about finance, stock markets and helping them to create wealth. Rooms generally work very simply: They put up a topic for the day and get in experts to come in and talk about finance. The room opens up to questions after a certain period and the audience can clear any queries they might have.
Here are some of the best financial rooms on Clubhouse:
The TFSA is one place where you can invest in stocks, bonds, ETFs, mutual funds, and GICs traded on designated exchanges. This means you can invest in securities trading on the TSX, the NASDAQ, and the NYSE. The only prerequisite for opening a TFSA is you should be above 18 years of age and have a valid Social Insurance Numbers (SIN).
Rebalancing your portfolio is important to understand for DIY investors looking to build long-term wealth. When building an investment portfolio, you usually choose diversified asset classes (stocks, bonds, ETFs, etc.) and an allocation for each of them. Over time, your portfolio allocation shifts with the markets and could be very different from what you intended. This is when rebalancing is needed.
This article will cover all you need to know about rebalancing: What is it? Why is it important? When should I and how often should I rebalance?
Palantir Technologies Inc. (NYSE: PLTR) develops software solutions for federal government agencies and commercial businesses. Its proprietary Palantir Gotham software is highly coveted in defense and intelligence agencies, owing to its pattern identification from datasets and reports. Palantir Foundry, on the other hand, is a big hit among businesses as it creates a central operating system for data storage, integration, and analysis.
Water is one of the most vital components of life. It is thus natural that some investors seek to include water stocks in their portfolios. In general, water stocks have simple business models and are resilient to recessions thanks to the essential nature of their business.
Bell Canada, a subsidiary of BCE, Inc. (TSX: BCE, NYSE: BCE)) is the second largest telecommunications company in Canada. With dual listing in Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE), BCE is the second largest telecommunications company in Canada, with over 9 million combined prepaid and postpaid subscribers as of December 31, 2020. BCE shares listed in the NYSE have gained 23.3% over the past year, and 6.1% year-to-date. Following the release of the company’s impressive earnings report which surpassed analyst expectations, BCE has gained 3.9% over the past month.
“Value investing is making a comeback.” This statement has been doing the rounds of finance circles for quite some time, it started around 2019 and then grew louder in the first quarter of 2020 before COVID-19 arrived and put value stocks firmly in their ‘place’ for the rest of the year. However, the second half of 2021 might actually see solid movement in the value investing space as economies reopen, vaccination roll-outs gather pace, and the world recovers from the pandemic.
While COVID-19 has taken center stage for the past year, there remains a huge need for advance testing, treatment options and cures for other diseases. That points toward personalized medicine and next-generation genomic sequencing (NGS) solutions.
There are many players in the sequencing market, each of which offers a different twist and exposure for investors.
2021 has been earmarked as the year for global recovery from one of the worst recessions in modern history. With complete lockdown during the initial months of the pandemic followed by the prolonged period of social distancing reducing activity, most countries, including Canada, are currently dealing with the repercussions of the economic slump.
The gaming industry has been booming for the last few months. During the Covid-19 pandemic, situation when all other industries were struggling to survive in the market, the gaming industry was surging. An article in Nasdaq.com said, “According to NPD Group, total consumer spending on video gaming in the United States continues to soar as it registered a 26% year-over-year rise to $18.6 billion in the fourth quarter of 2020.”
The electric vehicle frenzy, pioneered by Tesla, Inc. (NASDAQ: TSLA) has triggered a global automotive evolution. The rising climate change concerns across the world has been one of the key reasons behind the rapid rise of the electric vehicle industry, bolstered by favoring governments. However, with the global economy currently grappling with one of the worst recessions in modern history, the automobile industry is currently in a slump. Consequently, without adequate earnings and revenue growth, EV stocks are presently trading at surmounting valuations, raising concerns regarding a potential asset bubble.
After a horrendous 2020, this year markets are filled with optimism as vaccines are being rolled out. Among Canadian stocks, there have been a few that have fared better than most even in the pandemic thanks to excellent survival strategies and highly agile operations. These champions are ideal for making investments. So, if you are looking to invest in some strong names, take a look at these companies that might just be worth keeping an eye on:
The GameStop frenzy has left many people wondering about the connotation and implications of a market squeeze. While the speculative rally kickstarted by a Reddit group is battling to take on the biggest hedge funds in the United States, a similar situation in the commodity markets is brewing. Retail traders have been formulating another coup to take on the precious metals industry, allowing silver futures to hit an eight-year high of $30.03 per ounce on February 1st.
Value investors can use the power of catalysts to boost their returns in 2021, even if the broad market isn’t the bonanza it was in 2020.
The S&P 500 surged 16% in 2020, despite a global pandemic and an accompanying economic recession. Given that backdrop, it’s reasonable to think that 2021 may not produce a repeat of 2020. Selecting the right stocks could be the difference between a great year and a ho-hum year.
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