One option is to make investments geared toward generating passive income. Here's why they think investors should buy shares of these dividend stocks to position their portfolio to generate more income next year.
The stock market is enjoying a nice bounce-back year. The S&P 500 has rallied nearly 20% this year, while the tech-heavy Nasdaq is up over 35%. Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) and NextEra Energy (NYSE: NEE) have fallen more than 20% over the past year and are currently trading closer to their 52-week lows.
Consider adding these three TSX dividend stocks to your self-directed retirement portfolio if you want to boost your pension with passive income. The post These 3 Canadian Dividend Stocks Are a Pensioner’s Best Friend appeared first on The Motley Fool Canada.