It’s no secret that if you want to grow your savings and build financial freedom, you need to start investing as early as possible. But at the same time, with thousands of different stocks to choose from and constant headlines about uncertainty or volatility, it can feel overwhelming for many Canadians.
That’s understandable, but the key is to have the right mindset and stick to the basics. Investing isn’t about timing the market or finding the hottest stocks on the TSX; it’s about finding high-quality companies that can grow and reward shareholders for decades.
Therefore, the best way to get started is to focus on stocks that are easy to understand, operate in key industries, and have a long track record of success.
So if you’re a new investor looking for reliable stocks to buy to build and diversify your portfolio, here are three of the best to consider today.
One of the best and most reliable Canadian stocks you can buy
As I said above, the ideal stocks for new investors are companies that are easy to understand, essential to the economy, and have a long track record of strong execution.
That’s why this is one of the best and most reliable Canadian stocks you can buy Brookfield Infrastructure Partners (TSX:BIP.US).
Brookfield owns and operates critical infrastructure assets around the world, such as utilities, data centers, pipelines, transportation networks and more. These are assets that people and businesses rely on every day, meaning they are incredibly defensive and therefore one of the most reliable stocks new investors can buy.
Furthermore, in addition to its reliability, Brookfield has an exceptional track record of acquiring undervalued assets, improving them and ultimately selling them for a profit.
And Brookfield not only offers the potential for significant long-term capital gains, but it also pays dividends at a current interest rate. yield of 4.9% that it wants to increase by 5% to 9% annually.
So if you’re looking for Canadian stocks to build a portfolio with, Brookfield is undoubtedly one of the best on the TSX.
A health and wellness stock with high potential
Besides Brookfield, there’s another defensive growth stock that offers the perfect mix of reliability and consistent long-term growth potential Jamieson Wellness (TSX: JEWELS).
Jamieson is one of the most popular companies in the Canadian health and wellness world, manufacturing, marketing and distributing hundreds of vitamins, minerals and other supplements.
It’s a brand that Canadians have trusted for more than 100 years, but what really makes Jamieson one of the best Canadian stocks to buy today is its growth potential, both in Canada and internationally.
For years, Jamieson has capitalized on the growing opportunities in health and wellness as consumers become more health conscious. The company now sells its products in more than 50 countries around the world, with strong growth coming from the Asian markets.
In fact, analysts estimate that Jamieson’s revenue will grow by as much as 12% in 2025, while normalized earnings per share are expected to grow by more than 16.5%.
So if you’re looking for reliable stocks like Brookfield that offer attractive long-term growth potential, Jamieson is definitely a stock you’ll want to add to your watchlist.
An easy way to gain instant diversification
As important as it is to find reliable stocks to buy and hold for the long term, it’s just as important to diversify your investments to limit any risk.
That’s why it’s one of the best Canadian stocks for new investors to buy iShares S&P/TSX 60 Index ETF (TSX:XIU).
The XIU is designed to track the performance of the 60 largest publicly traded companies in Canada. So by investing in the ETF you naturally gain exposure to some of the largest banks, telecom companies, oil companies and more.
Plus, in addition to the diversification it provides, buying ETFs means you don’t have to spend hours choosing the right stocks for your portfolio. Therefore, it is one of the easiest and most effective ways to start investing, especially for novice investors.
So if you’re new to investing and looking for an easy way to get started, the XIU is one of the best ETFs you can buy right now.
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