Q: At current levels do you think TOI presents a good entry point for a long term holding? Alternatively, do you think GLXY may be a good option for a more hands on holding?
The context is a TFSA account where losses should be avoided and the goal is to achieve above market returns. i.e. the alternative would be a market ETF.
The context is a TFSA account where losses should be avoided and the goal is to achieve above market returns. i.e. the alternative would be a market ETF.
5i Research Answer:
We think both stocks still have good potential. Because of the volatility of the crypto sector, we think TOI is the safer and better call today. An ETF, of course, would be even safer, but would provide less upside potential overall.