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Stock impact report

1 Single Stock That I'd Hold Forever in a TFSA [Yahoo! Finance Canada]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Single-stock investing was popular until many investors suffered significant losses in the early 1970s. The bear market during the period was a wake-up call, shattering a long-standing belief that the so-called ‘invincible' stocks could withstand a severe downturn Diversification, or investing across various sectors, became standard for navigating volatile markets. Yet even with widespread adoption, some individual stocks still work for a buy-and-hold strategy. The Bank of Montreal TSX:BMO ), for instance, is the single stock I'd hold forever, especially in a Tax-Free Savings Account (TFSA). This Big Bank stock is Canada's dividend pioneer. No modern investor can outlive its legendary dividend track record. Grandfather of dividends Believe it or not, BMO began paying dividends even before Canada officially became a country in 1867. Since 1829, the Big Bank has paid dividends to shareholders. Its dividend track record is just three years shy of two centuries. More importantly, Show less Read more
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