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Stock impact report

How to Build RRSP Wealth Using Dividend Stocks [Yahoo! Finance Canada]

Enbridge Inc (ENB) 
Last enbridge inc earnings: 2/14 07:00 am Check Earnings Report
US:NYSE Investor Relations: enbridge.com/investment-center/dashboard
Canadian investors are searching for good stocks to hold inside a self-directed Registered Retirement Savings Plan (RRSP) portfolio focused on dividends and total returns. One popular strategy for building RRSP wealth involves using distributions from the stocks to acquire new shares. Power of compounding Most people have a buy-and-hold approach when it comes to investing inside their RRSP. Over time, this has historically proven to be successful as markets typically recover from crashes to eventually reach new highs. Owning top dividend-growth stocks and using the dividends to buy new shares is one way to harness the power of compounding to create wealth. Each new share purchased with the dividend payment leads to a larger dividend payment on the next distribution. This is then used to buy additional shares, which in turn increases the dividend received on the next payment. The snowball effect is small in the beginning, but over time, the strategy can turn modest initial inv Show less Read more
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