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Fri, February 28, 2025

2 Stocks Canadians in Their 50s Should Own


Published on 2025-02-28 21:41:11 - MSN
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  • Choosing the right growth stocks when you are just a few years away from your retirement can have enormous implications for your golden years' nest egg. The post 2 Stocks Canadians in Their 50s Should Own appeared first on The Motley Fool Canada.

The article from MSN Money discusses two stocks that Canadians in their 50s should consider owning as part of their investment strategy. The first stock highlighted is Royal Bank of Canada (RBC), which is praised for its stability, consistent dividend payments, and its status as one of Canada's largest banks with a strong presence in wealth management and capital markets. RBC's diversified operations and its history of weathering economic downturns make it an attractive option for those looking for reliable income and growth. The second stock recommended is Brookfield Asset Management, known for its global reach in alternative asset management, offering exposure to real estate, infrastructure, renewable power, and private equity. Brookfield's strategy of investing in long-term, inflation-protected assets provides a hedge against inflation and potential for capital appreciation, making it suitable for investors in their 50s who are looking to balance growth with income as they approach retirement. The article emphasizes the importance of these stocks due to their potential for both income generation and capital preservation, crucial for those nearing or in retirement.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/2-stocks-canadians-in-their-50s-should-own/ar-AA1A1oPs ]
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