Canadian traders have had a lot to cheer about in current months. The S&P/TSX Composite Index is up greater than 10% since June and is now buying and selling simply shy of 20% on the 12 months. 

However with the market at all-time highs at present, is now actually a very good time to be investing?

It’s a good query. For these with short-term objectives, I is likely to be hesitant to take a position at present. However for anybody who’s obtained a long time of time in entrance of them, I’d strongly encourage that investor to not be on the sidelines proper now.

You’ll by no means be capable to time the market completely. Enduring unstable market intervals is inevitable as an investor. As an alternative, what you’ll be able to management is proudly owning high-quality companies and holding these shares for years.

With that in thoughts, I’ve put collectively a well-diversified basket of 4 prime Canadian shares. 

In case you’ve obtained some money to spare in November, these firms must be in your radar.

Constellation Software program

Constellation Software program (TSX:CSU) carries a steep price ticket, along with at present buying and selling simply shy of all-time highs. However relating to market-beating returns, not many firms on the TSX can compete with this tech inventory.

Shares are up greater than 200% over the previous 5 years. Compared, the Canadian market as a complete has returned about 50%.

In case you’re keen to pay up, this is among the most dependable market-beating shares round.

Financial institution of Nova Scotia

Progress traders on the lookout for their subsequent multi-bagger could be clever to throw in a number of reliable dividend shares of their portfolio.

I can virtually assure you that proudly owning shares of Financial institution of Nova Scotia (TSX:BNS) received’t be as thrilling as proudly owning Constellation Software program. However at an almost 6% dividend yield, that alone is sufficient of a purpose to have this financial institution inventory in your watch checklist.

Financial institution of Nova Scotia cannot solely maintain volatility to a minimal in your portfolio but additionally pay an enormous dividend.

Brookfield

Brookfield (TSX:BN) is one other nice all-around firm to personal. It’s additionally no stranger to delivering market-beating returns, which it has carried out over the previous 5 years. Nevertheless it’s the diversification that has me rating Brookfield as a prime decide for long-term traders. 

As a worldwide asset supervisor, the inventory supplies instantaneous diversification to an funding portfolio. The corporate has operations unfold throughout the globe, which cowl a spread of various industries.

That is the kind of inventory that you could possibly dollar-cost-average into over years and never must second guess as soon as. 

Northland Energy

The final decide on my checklist is a beaten-down renewable power inventory that’s buying and selling at what I feel is a massively opportunistic low cost.

Like lots of its friends, shares of Northland Energy (TSX:NPI) have been on the decline since early 2021. Excluding dividends, the inventory shouldn’t be solely trailing the market’s returns over the previous 5 years however is buying and selling at a loss.

Within the quick time period, one silver lining is that the dividend yield has shot as much as above 5% with the current inventory value decline. However over the long run, as a renewable power bull myself, I feel it’s solely a matter of time earlier than Northland Energy returns to its market-beating methods.