Money Who wants to be a TFSA millionaire?

20:01  10 july  2018
20:01  10 july  2018 Source:   fool.com

Winnipeg’s newest millionaire waited weeks before claiming prize

  Winnipeg’s newest millionaire waited weeks before claiming prize Larry Leadbeater won $1 million on June 8 but only came forward this week.Larry Leadbeater discovered he won $1 million shortly after the June 8 draw when he bought a ticket at a St. Vital gas station. The prize was one of 52 Lotto Max MAXMILLIONS up for grabs that week.

Who Wants to Be a Millionaire ? (abbreviated WWTBAM and informally known as simply Millionaire ) is an international television game show franchise of British origin, created by David Briggs

This table lists all international variants in the television game show franchise Who Wants to Be a Millionaire ? that have been broadcast since the debut of the original British version of the show on

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While there have been a handful of newly minted TFSA millionaires over the past few years, it’s important to remember that growing your TFSA is not a race: it’s a marathon. And it’s a marathon that, on average, will be won by the tortoise (long-term thinker), not the hare (chaser of short-term gains).

Moreover, you never hear about the TFSA investors who lost a majority of their capital by taking chances on speculative plays on the road to becoming a TFSA millionaire over the short-term. For every newly minted TFSA millionaire, there are likely many more TFSA busts. And for the fortunate TFSA millionaires who have profited profoundly from speculative plays, they’re being hit with a tax bill from the CRA anyway, even if they followed all the rules with regard to TFSAs!

2 Top Canadian Dividend Stocks to Buy in Your TFSA Today

  2 Top Canadian Dividend Stocks to Buy in Your TFSA Today Here's why Sun Life Financial Inc. (TSX:SLF)(NYSE:SLF) and another attractive dividend-growth stock deserve to be on your radar.The strategy makes sense, whether you are a retiree looking to earn tax-free dividends to complement pension income, or a young investor setting aside funds to support a comfortable lifestyle in the golden years.

The Major Fraud Charles Ingram originally appeared on the UK Who wants to be a Millionaire in 2001,and won a million pounds.However,it was discovered that

" Millionaire " is back, and it's a real game changer! Each contestant now plays a different game - with the help of a new lifeline and more strategy, who

How should you be investing within a TFSA?

You only get $5,500 to contribute in a year. So, don’t risk the proceeds on speculative plays that could go up in smoke overnight, especially if you’re a young investor who has decades to unlock the real power of tax-free compounding.

Each $5,500 annual contribution you make is worth a heck of a lot more down the road than it is today, and if you lose a considerable amount of it by locking in a loss, you’re not going to be able to get it back. You’ll just have to wait until the next calendar year to contribute. Worst of all, you won’t be able to use the capital losses within a TFSA to offset gains within any of your non-registered accounts.

When it comes to your TFSA, stick with stocks you’d be comfortable owning for decades at a time. Be a tortoise, not a hare. Don’t speculate, invest. And if you’re young, don’t shy away from growth stocks like Canada Goose Holdings Inc.(TSX:GOOS)(NYSE:GOOS). Although they may not seem like safe bets over the near-term, I’d argue that they’re a safer bet than a conservative investment if you plan to hang onto a stock for decades at a time.

Money Makeover: A lack of plan and an inherited condo

  Money Makeover: A lack of plan and an inherited condo THE PEOPLE Shelly and Victor, both 64, are baby boomers collectively earning $163,000 a year. While they enjoy working as a consultant and registered nurse, they hope to retire next year to spend more time with their adult children and aging parents. They have amassed significant savings due to investing solely in higher-risk equities. THE PROBLEM The couple doesn’t have a plan for their money and an inherited condo that will likely come in the next few years. Shelly would like to use the condo as a rental property.

Следующее. John Carpenter RETURNS to Who Wants To Be A Millionaire part 1 RE-UPLOADED - Продолжительность: 9:17 WWTBAMclassics 8 785 784 просмотра.

From John Carpenter to Sam Murray, today's WWTBAM USA Millionaires are all in this Windows Live Movie. NOT INCLUDED IN THIS VIDEO: Robert Essig (2/24/2004)

Foolish takeaway

If you make regular annual contributions to your TFSA and use the proceeds to invest in the stocks of high-quality businesses, a $1 million TFSA isn’t a possibility; it’s likely inevitable by the time today’s young investors (like millennials) hit retirement age.

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Fool contributor Joey Frenette has no position in any of the stocks mentioned.

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