Source Post

My TFSA hit $300,000. This ONE Canadian Dividend Stock Did It.

The creator discusses their TFSA reaching $300,000, highlighting VDY (Vanguard FTSE Canadian High Dividend Yield Index ETF) as a key contributor. While acknowledging VDY's recent strong growth and elevated valuation, they maintain a long-term cost-averaging strategy, believing it will still yield reasonable performance despite current market highs.

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Tickers discussed in this post

JPMNeutralLow ConvictionResearch Only

JP Morgan is mentioned as trading at a 16 PE, which is seen as more attractive than Royal Bank's 19 PE given similar growth rates.

BMONeutralLow ConvictionResearch Only

Bank of Montreal is mentioned as a foundational company and a significant holding within the VDY ETF.

ENBNeutralLow ConvictionResearch Only

Enbridge is mentioned as a foundational company and a significant holding within the VDY ETF.

RYNeutralLow ConvictionResearch Only

Royal Bank is mentioned as a foundational company and a significant holding within the VDY ETF.

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