TFSA Users: $20,000 in These Stocks Pays You $115 a Month

Payday ringed on a calendar

All the way back in March, I’d explored some TFSA strategies for investors to consider this year. The first I’d covered was an income-focused strategy. Fortunately, the cumulative TFSA contribution has steadily expanded over the past decade. This affords investors more flexibility in crafting their portfolios.

Today, I want to cover a hypothetical in which we can use $20,000 of our contribution room to generate a nice tax-free, monthly income stream. The best thing about this is that we will still have over $40,000 in room to invest in growth-oriented equities. Let’s dive in and look at three stocks that can help us hit a goal of over $100 in tax-free income per month.

TransAlta Renewables

I’m still bullish on green energy stocks in late 2019, and TransAlta Renewables (TSX:RNW) is one of my favourites. Shares have climbed 53% in 2019 as of close on November 28. The stock has achieved average annual returns of 10% over the past five years.

TransAlta is trading at a premium right now after putting up what has been a stellar year so far. The stock is trading close to a 52-week high, and it possesses a price-to-earnings ratio of 20 as well as a price-to-book value of 1.7. Still, in this case we are here for TransAlta’s stellar dividend yield.

The stock currently boasts a monthly dividend of $0.07833 per share. This represents a 6.2% yield. In our hypothetical, we can purchase 440 shares of TransAlta stock for $6,608.80. This adds up to a monthly dividend payment of roughly $34.40.

Cineplex

In late October, I’d suggested that investors should grab Cineplex (TSX:CGX) ahead of its Q3 earnings report. Cineplex has been a frustrating hold in 2019, but shares have climbed 10% over the past month as of close on November 28. This has pushed the stock into positive territory for the full year.

The company saw adjusted EBITDA surge 93% year over year in Q3 to $106.1 million. It was driven by a 1.8% increase in theatre attendance, as the summer slate managed to give a boost to the North American cinema industry.

Back to our hypothetical, Cineplex stock last closed at $25.27. We’re going to scoop up 260 shares of Cineplex for a total of $6,570.20. Cineplex stock currently boasts a monthly dividend payout of $0.15 per share. This represents a beefy 7.1% yield. In this case, we’d rake in $39 per month from the Cineplex share purchase I’ve outlined here.

Inter Pipeline

Inter Pipeline (TSX:IPL) is a Calgary-based company that is one of the leading natural gas and NGL extraction businesses in North America. Its stock has climbed 22.5% in 2019 as of close on November 28. Revenue is forecast to grow at a steady rate into the next decade. Inter Pipeline is trading close to a 52-week high, but it still offers a P/E ratio of 15 and a P/B value of 2.2. This puts it in favourable value territory relative to industry peers.

Shares of Inter Pipeline last closed at $22.13. A purchase of 300 shares come out to a total of $6,639. Inter Pipeline stock last paid a monthly dividend of $0.1425 per share. This represents a strong 7.7% yield. In this case, Inter Pipeline will provide our portfolio with a payout of $42.75 per month.

Our total purchases bring us below the $20,000 threshold. The share purchases for these three stocks add up to a monthly dividend payout of $116 per month.

Amazon CEO Shocks Bay Street Investors By Predicting Company “Will Go Bankrupt”

Amazon CEO Jeff Bezos recently warned investors that “Amazon will be disrupted one day” and eventually “will go bankrupt.”

What might be even more alarming is that Bezos has been dumping roughly $1 billion worth of Amazon stock every year…

But Bezos isn’t just cashing out, he’s reinvesting his money into a company utilizing a fast-emerging technology that he believes will “improve every business.”

In fact, this tech opportunity could be bigger than bigger than Amazon, Tesla, and Berkshire Hathaway combined.

Get the full scoop on this opportunity that has billionaire investors like Bezos convinced – before it’s too late…

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Fool contributor Ambrose O’Callaghan has no position in any of the stocks mentioned.

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AHTC votes not to require recusal of Sylvia Lim and Low Thia Khiang from financial matters of town council

Aljunied-Hougang Town Council (AHTC) has resolved that Workers’ Party Members of Parliament, Ms Sylvia Lim and Mr Low Thia Khiang do not need to recuse themselves from all matters relating to, and oversight over, financial matters of the town council.

This decision was made during the Workers’ Party-run town council’s quarterly meeting and announced on Saturday evening by AHTC chairman, Mr Faisal Manap.

A discussion was said to have been held over the recent motion passed in the People’s Action Party majority Parliament on 5 Nov, calling upon AHTC to discharge its responsibility by requiring Ms Lim and Mr Low to recuse themselves from all matters relating to, and oversight over, financial matters of AHTC

The resolution was passed by way of a secret vote. The Council voted 17 to 1 against the recusal.

Ms Sylvia Lim and Mr Low Thia Khiang were noted to be both absent from the meeting.

Deputy Prime Minister had raised the motion in light of the recent judgment by the High Court which stated that Lim and Low as town councillors had acted in breach of their fiduciary duties to AHTC.

Ms Lim asserted during the debates on 5 Nov that DPM Heng had acted “prematurely” in his decision to file the motion and called upon the House to reject it.

Mr Singh concurred with Ms Lim, and said that there is “no reason for Parliament to be prematurely hijacked as a substitute for the judicial process”.

Ms Lim, Mr Singh and Mr Low have since appealed against the High Court judgement.

The post AHTC votes not to require recusal of Sylvia Lim and Low Thia Khiang from financial matters of town council appeared first on The Online Citizen.

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Frontier Airlines Promotions November 2019: One-Way Flights Starting at $15, 20% Off Flights

Frontier Airlines PromotionFor all the latest Frontier Airlines promo codes, deals, and promotions, continue reading to learn how to save money on flights! The best way to save money on flights is to use any promo codes and to book during any promotional periods they may have.

The discount applies to base fare only, not to fees or taxes but the fares shown includes all transportation fees, surcharges and taxes. Tickets must be purchased at FlyFrontier.com or by calling Frontier’s reservations centers and must be paid for at the time the reservation is made. Exclusions and blackout dates apply.

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Frontier Airlines Overview


They are committed to delivering ‘Low Fares Done Right’. Low fares allow people to travel more often, see new places, connect with family and loved ones and develop business opportunities.They have a ‘Done Right’ promise, which allows you to customize your flight to match both your wants and your wallet.

They provide a quick and safe ride to your destination. They currently serve more than 40 cities in the United States, Mexico, and Jamaica on more than 275 daily flights, commitment to you and is supported by a team of more than 3,000 hard-working, aviation professionals.


Current Frontier Airlines Promotions


One-Way Flights Starting at $15

Frontier Airlines One-Way Flight $15

Get One-Way Flights For As Low As $15

If you are looking to travel domestically without spending a lot of money, then check out this Frontier promotion! Currently, Frontier is having a promotion where you can purchase one-way flights as low as $15! With flight deals like these, you definitely don’t want to miss out on this offer!

  • What’s the offer: Get one-way flights starting at $15
  • Where it’s available: For U.S. Domestic flights only
    • Valid for non stop domestic travel select days of week
  • When it expires: December 3, 2019
    • For travel 12/02/19-01/17/20
    • Blackout dates: Dec. 18, 2019 through Jan. 6, 2020
  • How to get it:
    • Visit Frontier Airlines flight deals, See link below.
    • Choose and book your flights starting at $15!
  • Terms & Conditions: Valid for nonstop domestic travel. 7 day advance purchase applies. Fares are one way and do not require round-trip purchase.

(Visit Frontier for more details)


Get 20% Off Flights 

Get 20% Off Flights

Flights can get expensive, but luckily for us, Frontier is committed to offering discounted flights to give their customers the ability to travel. What’s amazing is that there is a promotion where they are offering customers an even bigger discount on their flights!

Valid through November 30, 2019, Frontier Airlines has a deal where you can get 20% off flights when you apply promo code “SAVE20” at checkout!

  • What’s the offer: 20% Off Your Next Flight
  • Where it’s available: In the U.S only (Domestic)
  • When it expires: November 30, 2019
    • Fly: December 3, 2019 – February 12, 2020
    • Blackout Dates: 12/19/19 – 1/6/20; 1/16 – 1/21/20; and 1/31 – 2/3/20
  • How to get it: Click on the button below, select the flight you want, then apply the promo code “SAVE20” at checkout.
  • What are the terms: Flights are operated by Frontier Airlines. Other restrictions may apply.

(Visit Frontier for more details)


How Kids Fly Free

Kids Fly Free With Frontier

Planning a family vacation? If you have a child that is 14 years old or younger then you might be eligible for this deal! Keep in mind that this program is only available to Frontier’s Discount Den members, so if you haven’t signed up for it, then do that first.

Valid through March of 2020, children under the age of 14 can fly for free! You must be a Discount Den member to take advantage of this promotion. You must include your children in your search to see the deal show up. Also, you can get one free children’s ticket for every adult air fare purchase.

  • What’s the offer: Kids Fly Free if the child is 14 years old or younger
  • Where it’s available: In the U.S only (Domestic)
  • Who is eligible: Discount Den Members
  • When it expires: March 2020
  • How to get it: Become a Den Discount member, select a Kids Fly Free flight and then book it.
  • What are the terms: Flights are operated by Frontier Airlines. Other restrictions may apply.

(Visit Frontier for more details)


Get 90% Off Flights (Expired)

Frontier 90Pct Promotion 1021

Get 90% Off Select Flights

Are you planning to travel soon and want to save a lot of money on your flight? Well you are in luck, as Frontier is now offering one of their best promotions ever right now. Frontier Airlines is offering a deal where you can get 90% off select flights when you apply promo code “TREAT” at checkout.

You must book today to take advantage of this offer, so hurry and book your flight right now to take advantage of this spooky good deal!

  • What’s the offer: 90% Off Select Flights
  • Where it’s available: In the U.S only (Domestic)
  • When it expires: October 21, 2019
    • Fly by December 18, 2019
  • How to get it: Click on the button below, select the flight you want, then apply the promo code “TREAT” at checkout.
  • What are the terms: Flights are operated by Frontier Airlines. The following blackout dates apply: Nov. 9, 11, 22-30, 2019; Dec. 1-2, 2019. 7 day advance purchase applies. Other restrictions may apply.

(Visit Frontier for more details)


Compare Flights

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Bottom Line

Traveling is certainly a great experience, but can also be very pricey. However, with promotions like this, it makes traveling so much more within our budget! Be sure to do your research and compare flights before booking to ensure you’re getting the best deal possible!

Frontier Airlines is here to help you travel more and save more money. Consequently, if you want to get out of your comfort zone and travel more, this is the deal for you.  Furthermore, to save even more money, we highly recommend using a travel related credit card to earn points back!

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Halki Diabetes Remedy Review

Diabetes is increasing at an alarming rate worldwide. According to International Diabetes Federation, there were approximately 425 million adults age 20 to 79 years old that were living with diabetes in 2017. This number will soar high to 629 million by year 2045. It has already caused 4 million deaths in 2017 and has caused…

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Buy Stock in the Big 6 Banks to Retire Early

Early retirement handwritten in a note

Many new investors mistakenly believe that the high-dividend bank stocks carry more risk than many lower-yielding assets. This assessment isn’t necessarily accurate; in fact, there are good arguments in favour of bank stocks as safer, high-return investments.

For one, the banking sector generally never misses dividend payments to shareholders. Bank stocks are also well protected in the political arena, a crucial driver of strong growth for stocks trading on the Toronto Stock Exchange. Regardless of the economic environment, these stocks will fare better than many other industries, like consumer discretionary stocks.

Any downward momentum in the price of bank shares is likely to be temporary, meaning that your initial investment is secure. When considering stock market purchases, Canadian investors want to find stocks with relatively stable or positive price appreciation.

There’s a difference between buying the dip and purchasing a stock that has shed 50% of its value in 52 weeks. Losers can quickly become winners, but these investments can be harder to identify. Instead, everyday Canadian investors should stick to reliable stocks with over a 100-year history like the Big Six bank stocks.

Bank of Nova Scotia

Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) is one of the oldest and most prominent banking stocks on the TSX. Since 1833, Bank of Nova Scotia has never missed a dividend payment to investors. At the bank’s current share price of $75.03, the last announced quarterly dividend of $0.90 per share amounts to a yield of 4.8% annually, nearly a 1% premium above the 3.95% prime interest rate in Canada.

Equally as important, during the stock’s 36-year history on the Toronto Stock Exchange, the value of this top bank stock’s shares has only appreciated.

Granted, the stock price suffered from a brief one-year decline in value during the financial crisis between the fall of 2008 and 2009. Nonetheless, bear market sellers ended up wildly disappointed when the stock bounced back. Overall, the price on Bank of Nova Scotia’s stock has soared 1,100% since 1995 — an average annual interest rate of 44% over the last 25 years.

The lesson everyone should have learned is to avoid getting caught up in irrational pessimism, as it only opens the door for less risk-averse investors to claim your losses as profit. Instead, if you want to retire one day or even early, it is wise to take a long-term view of your investments to avoid seller’s remorse.

Foolish takeaway

Saving for retirement is easier than you may believe. Far too many Canadians are not taking full advantage of their Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs). Even worse, retirees are wasting too much of their hard-earned income on fees to have someone else manage their retirement portfolio.

Buy into dependable stocks like Bank of Nova Scotia with a reliable dividend and price history, and you will save yourself a lot of stress over the long term. You don’t need a recent college graduate with an overpriced diploma who doesn’t even know you to choose your stock investments for you.

Canadian retirees and those who aspire to one day retire (preferably early), should add Bank of Nova Scotia to their TFSA and RRSP.

5 TSX Stocks for Building Wealth After 50

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Fool contributor Debra Ray has no position in any of the stocks mentioned. The Motley Fool recommends BANK OF NOVA SCOTIA.

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