3 Growth Stocks to Buy With $500 and Hold Forever [Yahoo! Finance Canada]
TC Energy Corporation (TRP)
Last tc energy corporation earnings: 5/1 07:30 am
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Source: Yahoo! Finance Canada
Investing $500 in growth stocks and holding them long-term is like planting a sapling that grows into a mighty tree. Sure, the initial investment feels small. But time, patience, and the magic of compounding turn it into something substantial. With the right stocks, your $500 could potentially grow into a sizeable nest egg, thanks to their strong fundamentals and growth potential. iA Financial Let's start with iA Financial TSX:IAG ), a star performer in the financial sector. Its year-to-date returns have been stellar, up 46% as of writing, reflecting its robust business model. The growth stock's recent earnings report showcased a jaw-dropping 414.3% quarterly earnings growth year over year, backed by a 34.4% surge in revenue. This momentum isn't just a flash in the pan. With a forward price-to-earnings (P/E) ratio of 11, IAG is trading at an attractive valuation for a growth stock. Its efficient management, demonstrated by a 13.84% return on equity, ensures that shareholders se
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TRP
Earnings
- 11/7/24 - Beat
TRP
Sec Filings
- 12/2/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/13/24 - Form SC
- TRP's page on the SEC website