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Stock impact report

The Simplest Way to Put $21,000 in a TFSA to Work in 2026 [Yahoo! Finance Canada]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
A lot of Canadians treat it like a place to park cash, maybe earning a bit of interest in a Guaranteed Investment Certificate (GIC) that barely keeps up with inflation over time. It really should have been called the Tax-Free Investment Account. That would've made the purpose a lot clearer. If you've got $21,000 sitting in your TFSA, which conveniently lines up with three years of $7,000 contributions, leaving it idle is a missed opportunity. Assuming you have a long time horizon and can tolerate market ups and downs, there's a simple way to put that money to work with just one exchange-traded fund (ETF). Why invest your TFSA? At some point, you're not going to be able to work forever. Whether it's age, health, or simply wanting to stop, there will come a time when your paycheque disappears. At that point, you'll need other sources of income to support your lifestyle. Canada does have a solid foundation with the Canada Pension Plan (CPP) and Old Age Security (OAS). But for most Show less Read more
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