These two BMO ETFs are great alternatives to just buying SPY. The post SPY Stock Is Just the Tip of the Iceberg for Canadians Investing in the U.S. appeared first on The Motley Fool Canada.
These ETFs give investors access to consistent and stable investment income along with growth opportunities.
Additionally, you can invest some of it back in dividend stocks that generate a steady stream of cash to pad any retirement income you may have. There are three variables to consider when investing in stocks: your average annual return, how much you invest, and the number of investing years you have left. Assuming a retirement age of 65 years, here's a look at how much you would need to invest based on a 10% annual return.