Chris, 54, put his entire TFSA into oil stocks, believing the depressed price represented a once-in-a-lifetime opportunity.

The tax-free savings account held by Chris is now worth nearly $800,000, thanks mostly to his purchase of oil stocks at huge discounts when their prices collapsed in 2019 and 2020. Contributions to his TFSA have been maxed out to $102,000.

Chris, 54, lives in the Toronto area and works as the chief financial officer for a company. He got the idea for buying oil stocks from the television appearances of an investment analyst and his written reports.

“I have always been a fan of the show Market Call [on BNN Bloomberg]," he said. “One analyst that impressed me was Eric Nuttall [with Ninepoint Partners], who specializes in Canadian oil stocks.”

Before COVID-19, Chri

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