Canadian investors looking to make a lot of cash in a short period have shown great interest in Bitcoin stocks and Air Canada .
But here at the Motley Fool, we recommend long-term investing.
On the one hand, if you’re using your Tax-Free Savings Account to consider buying into Bitcoin today, you’re pretty much out of luck.
So in a sense, it’s like buying Bitcoin but for a much cheaper cost.
No one knows what the future could hold for cryptocurrency, so getting in on Bitcoin and other cryptocurrencies themselves aren’t the safest option.
I really feel for Air Canada stock investors, who saw shares rise to all-time highs before crashing down, and since November 2020 shares haven’t moved far beyond $25 per share.
Fuel-efficient fleets, the Aeroplan program, even canceling the Air Transat deal all puts money in the company’s pocket.
I’m not sure I would necessarily buy in bulk with Air Canada stock, but long-term investors should definitely hold onto shares.
As the largest airline in Canada, it’s likely to take on a position of strength once more.
So while you won’t see mega jumps in shares, you’ll be happy knowing you’ll be making gains in the years to come.
The online investing service they’ve run since 2013, Motley Fool Stock Advisor Canada, has beaten the stock market by over 3X.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor.
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