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Stock impact report

2 Stocks That Could Turn $100,000 Into $1 Million [Yahoo! Finance Canada]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Turning $100,000 into $1 million is a struggle but achievable through compound growth. The selection can include just two TSX stocks – a dividend stock for income compounding and a high-growth industry disruptor for superior capital gains. Toronto Dominion Bank TSX:TD ) and Shopify TSX:SHOP ) are top-of-mind options for this approach. The Big Bank's lengthy dividend track record is the fuel for reinvestment, while the global commerce champion delivers the potential for enormous capital growth. The assumption is that you allocate $50,000 to each and allow the stocks to take different paths toward the same destination. A conservative timeline to hit the target is 20 to 25 years. The foundation Toronto Dominion Bank is the foundation of the dual-engine strategy. The $216.4 billion bank has an impressive 167-year dividend track record. Despite slower growth, the consistent reinvestment of dividends and yield increases in the coming years will eventually dwarf the Show less Read more
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