The 22.9 times trailing earnings multiple seems rich for such a boring company. There are profound tailwinds up ahead, and both CN and CP could be on the cusp of a significant upside move in 2022, as volumes bounce back and commodity prices remain robust.ĭown around 7% from its all-time high, just shy of $170 per share, I view CN Rail stock as a huge bargain. However, over the next three to five years, I think its apparent that he recognizes the value to be had in the neglected Canadian rails, even near their highs. CP is at a fresh high, and you could argue that the man is running the risk of overpaying over the near term. Bullish On The Rails Join The Clubīillionaire investor Bill Ackman is back in CP Rail shares, with a huge $1.8 billion stake. If you have earned income, a Roth IRA for kids can be a great way to start investing. The process is relatively simple and usually takes less than 15 minutes. Parents can either open a brokerage account on their teen’s behalf or set up a custodial account. Those who are younger than that will need a parent’s assistance. Anyone at least 18 years old can open an online brokerage account. Once you’re ready to start investing, it’s time to open and fund a brokerage account. There has rarely been a better time to be or to have a teenage investor: Stock prices are at their lowest in years. When it comes to investing, as the authors aptly state, “The more years you have, the better.” If there is one thing a teen has, other than angst, it is time. Selena Maranjian is a senior writer at The Motley Fool. It has since grown to include a popular online site, as well as a host of best-selling investment guides. The co-authors, Tom and David Gardner, who are brothers, founded the Motley Fool, an investment information service based in Alexandria, Virginia, in 1993. While parents and grandparents may ultimately have a little say about what a teen does with money once he or she has it in pocket, they may be able to make a compelling argument for thrift after sharing this book with their charges. A grandparent who sends a money gift for a grandson or granddaughter’s 16th birthday can only ponder what sort of trendy electronics or clothing it may be used to acquire. Paying out a weekly allowance to a teenage son or daughter can inspire immense trepidation in a parent.
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