News Snapshot:
Do you want a million-dollar retirement with a $6,500 annual investment in TFSA? You need a portfolio that gives 20% average annual return. Your Tax-Free Savings Account (TFSA) has a limit of $6,500 contribution in 2023. And probably this limit will continue for a long term. Is it possible to become a millionaire by investing $6,500 every year? If you harness the power of compounding and reinvest your investment income, you can convert an annual investment of $6,500 into $1 million in 19 years. As they say, instead of timing the market, spend time in the market. On the journey...
