Looking for a hands-off approach to building long-term wealth? Consider investing in exchange-traded funds (ETFs) in your Tax-Free Savings Account (TFSA). Here are two top choices for Canadian investors:
Hamilton Enhanced Canadian Dividend ETF (TSX): Perfect for those seeking growth and steady income, HDIV focuses on high-quality, dividend-paying Canadian companies. Holding HDIV in a TFSA offers tax-free dividend income and the potential for long-term capital appreciation. It's a solid, hands-off way to build wealth over time.
iShares Core Balanced ETF Portfolio (TSX): Ideal for a balanced mix of growth and stability, XBAL combines equities and bonds for broad diversification. It’s designed to automatically maintain the desired risk level, giving you a low-maintenance investment option. Plus, in a TFSA, all gains are tax-free.
Both ETFs are great options for those looking for a low-maintenance, tax-efficient investment strategy to grow their wealth steadily.