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Stock impact report

Millennials: Don't Make This TFSA Mistake or You May Lose a Fortune [Yahoo! Finance Canada]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
China's richest man, Jack Ma, said, “If you put the banana and money in front of a monkey, the monkey will choose a banana because the monkey doesn't know that money can buy a lot of bananas.” That's exactly what millennials and Gen Zs are doing. They are just leaving the money on the table by making this Tax-Free Savings Account (TFSA) mistake. According to a poll by Toronto-Dominion Bank , 41% of Gen Z and millennials are not investing the money held in their TFSAs: 27% want the funds to be available. 22% feel they do not have enough savings to invest. 22% are unsure about the investment products. 19% are not confident in their investment knowledge. TFSA mistake #1: Not investing TFSA money, thinking you don't have enough You don't need $2,000 to start investing. You can begin with as little as $100. A $100 invested per week becomes $5,200 in a year. And instead of just keeping this money, if you invest it even in the most obvious instrument — the market exchange-traded Show less Read more
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