It seems the conversation of investing in a tax-free savings account (TFSA) becomes quieter and quieter as the months go by in a year, and the conversation is most vibrant at the start of the year. Saving and investing should be a consistent act, so I’m bringing it up again.
By investing instead of just saving, you’re looking for higher returns that come with higher risk. Before thinking about what stocks to buy and hold in a TFSA, I think it’s essential that you have real-world experience in holding stocks in a non-registered account. This is because you don’t yet know how you would react to the different news and events that are thrown at you, good or bad.