It's hard to go against Vanguard S&P 500 ETF (TSX:VFV) and indexing at a time like this. Though, buying dividend knights, like Enbridge (TSX:ENB), could be a strong TFSA move as well!
Once the money is inside a TFSA account, a $7,000 investment can become $10,000, $20,000, or considerably more with compounding, without requiring extra TFSA room.
Falling crude oil prices could weigh on TSX energy stocks today, while higher gold and silver prices may help limit broader weakness as investors monitor U.S. jobs data and persistent trade uncertainty.
Allied Properties REIT's 12.2% yield looks tempting, but investors should weigh weakening cash flow against its improving leasing and debt-reduction efforts.