Did a mortgage take over your life? Did your kids end up going to college in the U.S.? Or did you simply just not find the time to get into investing when you should have?
Whatever your reason, it’s never too late to start investing, and it’s never a better time than right now. Just because you’re late to the game doesn’t mean the game’s over. By choosing smart rather than risky, you could see significant gains in both the near and long term by considering these stocks.
With the banking industry trending downwards, now is a great opportunity to buy up some strong blue-chip bank stocks to see you through after the recession. Just to reach fair value, bank stocks like Toronto-Dominion Bank (TSX:TD)(NYSE:TD) will see huge near-term returns. Beyond that, this company has a few tricks up its sleeve to bring in some cash for investors.
Those tricks mainly lie with the bank’s recent expansion into the U.S., where TD has become one of the top 10 banks in the country. Yet TD has only begun expanding in the northeast, leaving plenty of room for growth in the next few years. On top of that, TD has entered the wealth and commercial management sector. This is a highly lucrative area that should also bring in significant cash over the next few decades.
If you’re looking for a bargain, it doesn’t get much better than Suncor Energy Inc. (TSX:SU)(NYSE:SU). The stock has been unnecessarily beaten down due to the overall weakness in the oil and gas industry. The company has a completely integrated model of operations. It explores, drills, produces, transports, and sells its own oil, so even when one area of the oil and gas industry is down, there are other areas that pick up the slack.
That’s exactly what happened during its latest earnings report, but investors still worry that as long as the oil and gas industry continues on the low side, Suncor will be affected. That’s simply not so, which is why Warren Buffett reinvested in Suncor back in February. The stock could practically double in share price just to reach fair value, and the company has long-term contracts that will see share and dividend growth continue for decades.
Finally, we have Canadian National Railway Co. (TSX:CNR)(NYSE:CNI). The company shares a duopoly on the railway industry in Canada, making it an excellent investment to protect yourself from market downturns. No matter what, people need products to be shipped, and CNR provides an inexpensive option that has proven to keep share prices steady even when the markets are down.
The company is now going through a reinvestment phase that should see strong growth over the next few years. The more infrastructure comes online, the higher the share price could go. On top of that, the company is seeing an increase in revenue due to the glut in oil and gas. Railway has been the go-to option while pipelines are built. Investing now is a great way to take advantage of this limited opportunity.
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Fool contributor Amy Legate-Wolfe owns shares of TORONTO-DOMINION BANK. Canadian National Railway is a recommendation of Stock Advisor.