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When it comes to finding Canadian stocks that I plan to hold forever, now is a great time to consider them. I don't want companies that are going to fluctuate wildly when the market ends or the economy is in the toilet. I want companies that provide me with long-term growth and passive income opportunities.
With that in mind, today I'm going to look at three companies I own, ones I plan to never sell if I don't have to. So, let's get into it.
Issue
First I bought Issue (TSXV:TOI) about a year ago. Tech stocks were on the edge at the time, but I was drawn to the company for one important reason. Topicus shares are a division of Constellation software (TSX:CSU). A procurement powerhouse that has seen incredible growth over the last decade or more.
So, you might be wondering, why didn't I buy CSU stock? I would like to, but with the stock now approaching $4,000, it wasn't exactly in my budget range. However, Topicus stock certainly is. In fact, it's the exact same company as CSU stock, albeit in Europe. Continue to find valuable and essential software to invest in. And it's still the same management team, just in a different location.
With this in mind, I am very hopeful that this investment will be similar to the growth trajectory of CSU stock. We have already seen a lot of that. The stock has risen 36% in the last year alone. Therefore, not only will I continue to hold these stocks, but I will most likely invest in them again.
VXC
Another strong option that has given me so much growth and peace of mind is Vanguard FTSE Global All Cap Ex Canada Index ETF Unit (TSX:VXC). I, like many Canadians, invest quite a bit in Canadian stocks. So by investing in VXC, I immediately gain exposure to a global portfolio.
VXC's objective is to provide exposure to developed and emerging market equities worldwide, excluding Canada. You can expect long-term capital growth, with a diversified portfolio at the click of a button.
Additionally, VXC also offers dividend income. It currently offers a yield of 1.58%, which is nothing. And as for the returns, they have been excellent in the last year alone. Over the last year investors have had a 21% growth in their returns! Therefore, I will definitely continue to invest in VXC above all else.
red blood cell actions
Finally, Canada is well known for its big six banks. These Canadian institutions are massive. It is not only Royal Bank of Canada (TSX:RY) Canada's largest bank, as well as the largest stock, but it's huge even compared to US banks. It would even be in the top five!
While less competition means higher rates, it also means stability. RBC stock has been stable since I've owned it. Even during these crises, the company has performed ahead of other Canadian banks. And with a steadily growing dividend yield of 4.08%, it's one I'll continue to increase in the future.
Especially now. It's not just because the stock offers a good deal during downturns, with virtually a guarantee of recovery. It's also because the company recently purchased HSBC Canada for even greater growth. All in all, it's another Canadian stock I'll hold for as long as I live.
