{"id":12385,"date":"2026-05-28T20:17:52","date_gmt":"2026-05-28T20:17:52","guid":{"rendered":"https:\/\/wp.springfinancial.ca\/?p=7007"},"modified":"2026-05-28T20:20:07","modified_gmt":"2026-05-28T20:20:07","slug":"best-stocks-for-beginners-with-little-money","status":"publish","type":"post","link":"https:\/\/springfinancial.ca\/fr\/blog\/save-invest\/best-stocks-for-beginners-with-little-money\/","title":{"rendered":"Best Stocks for Beginners With Little Money"},"content":{"rendered":"\n

Types of Affordable Stocks<\/h2>\n\n\n\n

Before you start your affordable investment journey, it\u2019s important to know that there are different types of affordable out there. You don\u2019t have to stick with traditional stocks when investing in the stock market. Let\u2019s take a look. <\/p>\n\n\n\n

Index Funds<\/h3>\n\n\n\n

One of the most popular types of stock market investments is index funds<\/a>. You may know them as mutual funds,d exchange-traded funds\u00a0(ETFs)s<\/a>, and a variety of other investment vehicles.<\/span> These types of investments are often used for RRSPs and other retirement accounts, but they can also be used as general investments.\u00a0<\/p>\n\n\n\n

The idea behind index funds is to replicate the performance of specific markets such as the TSX and Nasdaq. They passively track performance by holding the same stocks as the index. This makes them easier to manage than actively managed funds and also cheaper. <\/p>\n\n\n\n

One of the reasons that index funds are so popular, especially with those who are new to investing or have little money, is that you can put a little money into a lot of stocks. This allows for instant diversification and to control how much risk you\u2019d like to take. It also gives you exposure to the overall market in respective industries. On top of that, you can build long-term growth without compromising your current financial position. Instead of buying stocks separately, index funds can give you more consistent cash flows and more structured investment returns. <\/p>\n\n\n\n

Blue Chip Stocks<\/h3>\n\n\n\n

If you want to invest money directly into the stock market without spending too much, a good option is a blue-chip stock. Blue-chip stocks are stable, reliable, and perform well on the market. The reduced risk and lower cost make them a good investment for those just starting. <\/p>\n\n\n\n

The great thing about blue-chip stocks is that they\u2019re well-known companies that you\u2019ve probably heard of. They\u2019re all financially sound and have a history of strong market performance. They have large market capitalization and consistent returns over time. <\/p>\n\n\n\n

One of the biggest reasons these types of stocks are popular is that they require little research and offer less risk. This is because the notoriety of these companies shields them from many of the market fluctuations that smaller companies might face. They also pay dividends, providing consistent passive income. It might not be as large as a smaller company, but its income is consistent, which can build wealth over time. <\/p>\n\n\n\n

Dividend Stocks<\/h3>\n\n\n\n

On the stock market, many companies provide dividends to their shareholders. Dividend payments are provided either monthly or quarterly, depending on the company. Because you don\u2019t have to sell these stocks to start turning a profit (capital appreciation), it\u2019s a great start for those looking to build their wealth over time. <\/p>\n\n\n\n

Not only do dividend-paying companies provide a supplemental source of income, but dividend stocks offer less volatility than stocks that don\u2019t pay dividends. This is because companies that provide dividends are often more financially stable and have strong cash flows. You can also invest your dividend earnings and earn more by selling your stock. <\/p>\n\n\n\n

Fractional Shares<\/h3>\n\n\n\n

Another way to get started in the stock market with limited funds is with fractional shares. Fractional shares allow you to purchase partial shares. This allows you to benefit from buying expensive shares without having to buy the whole stock. They also let you customize your portfolio to match your investment goals.<\/p>\n\n\n\n

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Affordable Stocks to Choose From<\/h2>\n\n\n\n

When it comes to stocks, there are plenty of affordable options out there to help with your investment strategy. That said, the stock’s price isn\u2019t the only thing you need to consider. It\u2019s also important to consider other factors of the stock, such as risk factors and the likelihood of a return. <\/p>\n\n\n\n

Eldorado Gold Corp (ELD)<\/h3>\n\n\n\n

Eldorado Gold Corp<\/a> is a Canadian company that operates gold mines in Canada, Turkey, and Greece. It was founded in 1991 and has over 4,800 employees. Its annual revenue is estimated at around 618 million. <\/p>\n\n\n\n

Since Eldorado is a gold company, many beginner investors choose it as a way of investing in gold through the stock market. Since they\u2019re relatively affordable, they’re also a great choice. Here is what their stock looks like. <\/p>\n\n\n\n

Stock Price<\/td>$45.53<\/td><\/tr>
Market Cap<\/td>11.89B<\/td><\/tr>
Average Volume<\/td>862.62K<\/td><\/tr>
P\/E Ratio<\/td>11.73<\/td><\/tr>
Dividend Yield<\/td>0.89%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Bombardier Inc (BBD-B.TO)<\/h3>\n\n\n\n

Bombardier <\/a>Inc. is a Canadian aircraft manufacturing company. That said, they\u2019re also known for manufacturing snowmobiles. In fact, the company was founded in 1942 by Joseph-Armand Bombardier to market snowmobiles. After that, they transitioned into building aircraft. Now, the company is headquartered in Montreal and operates worldwide.  <\/p>\n\n\n\n

Stock Price<\/td>$18.78<\/td><\/tr>
Market Cap<\/td>29.89B<\/td><\/tr>
Average Volume<\/td>1.38K<\/td><\/tr>
P\/E Ratio<\/td>1.51<\/td><\/tr>
Dividend Yield<\/td>\u2014<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Cenovus Energy Inc (CVE)<\/h3>\n\n\n\n

Cenovus Energy<\/a> is a natural gas and oil company that is based in Calgary, Alberta. While this company was founded in 2009, it was formed from the split of another company and can be traced back to the 1880s. They\u2019re currently the second-largest Canadian oil and natural gas company as well as the second-largest Canadian-based refiner and upgrader. <\/p>\n\n\n\n

Stock Price<\/td>$28.16<\/td><\/tr>
Market Cap<\/td>52.78B USD<\/td><\/tr>
Average Volume<\/td>8.36M<\/td><\/tr>
P\/E Ratio<\/td>15.46<\/td><\/tr>
Dividend Yield<\/td>2.29%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Cameco Corp (CCO)<\/h3>\n\n\n\n

Cameco Corp<\/a> is one of the largest producers of uranium fuel worldwide. Their head office is located in Saskatchewan, specifically Saskatoon; they\u2019re one of the largest employers of Indigenous people in Canada. Their land holdings currently consist of 1.8 million acres. <\/p>\n\n\n\n

Stock Price<\/td>$152.29<\/td><\/tr>
Market Cap<\/td>66.32B<\/td><\/tr>
Average Volume<\/td>857.74K<\/td><\/tr>
P\/E Ratio<\/td>101.97<\/td><\/tr>
Dividend Yield<\/td>0.16%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Blackberry LTD (BB)<\/h3>\n\n\n\n

BlackBerry is a Canadian software company best known for manufacturing cell phones. Now, this company, which has been around since 1984, has transitioned into secure communications and the Internet of Things. The fact that this company has been around for so long and has been able to pivot is a great investment for all stock investors. <\/p>\n\n\n\n

Stock Price<\/td>$12.23<\/td><\/tr>
Market Cap<\/td>7.17B<\/td><\/tr>
Average Volume<\/td>5.12M<\/td><\/tr>
P\/E Ratio<\/td>99.35<\/td><\/tr>
Dividend Yield<\/td>\u2013<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

BRP Inc (DOO)<\/h3>\n\n\n\n

BRP, better known as Bombardier Recreational Products, is a Canadian manufacturer of snowmobiles, ATVs, and other recreational equipment. They\u2019re a subsidiary of Bombardier, a company founded in 1942. <\/p>\n\n\n\n

Stock Price<\/td>$82.98<\/td><\/tr>
Market Cap<\/td>6.11B<\/td><\/tr>
Average Volume<\/td>425.64K<\/td><\/tr>
P\/E Ratio<\/td>17.86<\/td><\/tr>
Dividend Yield<\/td>1.21%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Iamgold Corp (IMG)<\/h3>\n\n\n\n

Iamgold Corp<\/a> is another gold company that\u2019s headquartered in Toronto, Ontario. They own and operate gold mines in Canada and Burkina Fusa. They\u2019ve been incorporated since 1990 and have a long history of good returns and stability on the stock market.<\/p>\n\n\n\n

Stock Price<\/td>$24.24<\/td><\/tr>
Market Cap<\/td>14.01B<\/td><\/tr>
Average Volume<\/td>1.67M<\/td><\/tr>
P\/E Ratio<\/td>10.24<\/td><\/tr>
Dividend Yield<\/td>\u2013<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Power Corporation of Canada (POW)<\/h3>\n\n\n\n

Power Corporation of Canada is headquartered in Montreal, Canada. They were founded in 1925 and are a prominent management and holding company focused on financial services across North America, Europe, and Asia. They hold a variety of investments, including insurance, retirement, and others.\u00a0<\/p>\n\n\n\n

Stock Price<\/td>$81.22<\/td><\/tr>
Market Cap<\/td>46.75B<\/td><\/tr>
Average Volume<\/td>1.75M<\/td><\/tr>
P\/E Ratio<\/td>19.48<\/td><\/tr>
Dividend Yield<\/td>3.29%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Best Stocks Under $20 and Penny Stocks<\/h2>\n\n\n\n

While we\u2019ve already seen some great stocks at great prices, here are a few more that are a great choice for under $10.<\/p>\n\n\n\n

Pulse Seismic (PSD)<\/h3>\n\n\n\n

Pulse Seismic<\/a> is a market leader in energy data. They\u2019re known for delivering the largest 2D and 3D data library in the Western Canadian Energy Sector. They\u2019re also expanding into different forms of energy, including geothermal, lithium, carbon capture, utilization, and sequestration and helium extraction.<\/p>\n\n\n\n

Stock Price<\/td>$3.19<\/td><\/tr>
Market Cap<\/td>161.78M<\/td><\/tr>
Average Volume<\/td>55.44K<\/td><\/tr>
P\/E Ratio<\/td>19.32<\/td><\/tr>
Dividend Yield<\/td>2.35%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Silvercorp Metals (SVM)<\/h3>\n\n\n\n

Silvercorp Metals<\/a> is a mining company that is based in Vancouver, Canada. They focus on the acquisition, exploration and development of properties that contain silver. They\u2019re actually considered to be China\u2019s largest silver producer. <\/p>\n\n\n\n

Like many of the other companies that we\u2019ve discussed, this company was founded in 1991. They\u2019ve been around long enough to maintain consistent profits and provide a stable investment for experienced and new investors alike. <\/p>\n\n\n\n

Stock Price<\/td>$17.23<\/td><\/tr>
Market Cap<\/td>3.81B<\/td><\/tr>
Average Volume<\/td>972.52K<\/td><\/tr>
P\/E Ratio<\/td>–<\/td><\/tr>
Dividend Yield<\/td>0.20%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

PertroTal (TAL)<\/h3>\n\n\n\n

PetroTal<\/a> is domiciled in Calgary, Alberta, but it is headquartered in Houston, Texas. They were founded in 1979 and have a long history of good returns. Like many other oil producers, they\u2019re also committed to providing and maintaining a sustainable future. <\/p>\n\n\n\n

Stock Price<\/td>$0.58<\/td><\/tr>
Market Cap<\/td>533.79M<\/td><\/tr>
Average Volume<\/td>1.13M<\/td><\/tr>
P\/E Ratio<\/td>13.75<\/td><\/tr>
Dividend Yield<\/td>–<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

How To Start Affordably Investing<\/h2>\n\n\n\n

When it comes to investing in Canada, the simplest way is to start using an online brokerage account. Many online brokerages offer the tools, up-to-date market news and education you need to make informed investment decisions using your online investment account. They also have very affordable rates and have low management fees. That said, there are plenty of different online brokerages to choose from based on the types of investments that you\u2019re looking for. <\/p>\n\n\n\n

If you don\u2019t want to go with an online brokerage, you can also choose to use an investment broker. However, investment brokers are more expensive than online brokerages. This is because physical brokerages more actively manage your accounts, which have higher management fees. However, they also come with professional advice that can help reduce your overall investment risk. <\/p>\n\n\n\n

How Much Money You Need to Start Investing<\/h2>\n\n\n\n

There\u2019s a common misconception that you need a lot of money to start investing. However, that\u2019s not really the case. You can start investing with just $1. This is due to fractional shares and zero-commission trading. <\/p>\n\n\n\n

However, just because you aren\u2019t spending much, that doesn\u2019t mean there aren\u2019t growth prospects. You can still set yourself up for future growth and financial stability with beginner-friendly stocks.<\/p>\n\n\n\n

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Safe Stocks for Beginners<\/h2>\n\n\n\n

In general, all stocks have a risk tolerance. That said, going with well-known stocks with a strong track record and good profit margins is a safer bet. You also want to go with a stock that pays dividends. Companies that pay dividends are usually more financially stable. For those who are new to investing, this is much less risky.<\/p>\n\n\n\n

When it comes to choosing a safe stock, cheaper isn\u2019t always the best. However, many cheap stocks are safe. To make a good choice, though, it\u2019s important to do your research. Looking into a few years\u2019 worth of history, market trends, and the specifics of the stock can usually tell you enough to help you make a decision. <\/p>\n\n\n\n

Purchasing Stocks in Canada Without a Broker<\/h2>\n\n\n\n

Purchasing stocks without a broker is also known as self-directed investing. Online brokerages in Canada offer this approach to investing. Before you begin, though, you must choose an online brokerage that offers the types of stock you\u2019re interested in investing in. They also offer a variety of investment accounts to fit your needs. You can even link your bank account to make your investing simpler.<\/p>\n\n\n\n

Depending on which brokerage you use, fees will vary. The information and investment advice available to you to support your investment journey will vary as well. The great thing about online brokerages, though, is that you don\u2019t just have to stick to one. You can use them to gather a variety of different investments to help diversify your portfolio. This is another factor that helps reduce your overall risk when you\u2019re investing. <\/p>\n\n\n\n

A great way to prepare for your investment journey is with a paper trading account. These accounts allow you to invest in stocks using fake money to practice before you dive into the real thing. It\u2019s a great way for novice investors to get comfortable before they start investing for real.<\/p>\n\n\n\n

The Importance of Diversification<\/h2>\n\n\n\n

No matter what type of investing you prefer, broad market exposure and diversification are the keys to mitigating your risk. Not only should you diversify your portfolio with different investment types, but you should also vary the different sectors that you choose to invest in. Even if you choose to use financial advisors, this is the strategy that they will use. <\/p>\n\n\n\n

Even if you\u2019re just intending to focus on stock investing, there are some great ways to diversify. You can go with index funds or individual stocks; there are growth stocks, large-cap stocks, small-cap stocks, meme stocks, and many other types. <\/p>\n\n\n\n

Principles of Investing<\/h2>\n\n\n\n

Many new investors choose to work with a certified financial advisor, but one of the most important things that you can learn to reach your investment goals is investing principles. These are:<\/p>\n\n\n\n