I might completely get it if you happen to’re not wanting to place quite a bit within the TSX at the moment. Shares are down however might drop even additional as early as this summer season, if economists are to be believed. It seems doubtless that we’ll enter a recession, and that might imply no matter you put money into might solely drop additional.

That being stated, it’s additionally a good time to bulk up on TSX shares that supply safety. But when $1,000 is what you’re comfy with, then that quantity of bulk works simply tremendous. In that case, these are the 2 finest TSX shares I’d put money into proper now.

Change Revenue

Change Revenue (TSX:EIF) is a robust alternative for a couple of causes. First, there’s the precise share efficiency. EIF inventory is up virtually 30% within the final 12 months alone and three.65% 12 months thus far. But regardless of that robust efficiency, it stays a good commerce at 20.62 instances earnings as of writing.

Then there’s the dividend. EIF inventory gives a 4.64% dividend yield as of writing, with secure dividend development over the past decade as properly. What’s extra, its dividend comes out on a month-to-month foundation, offering you with passive earnings instantly upon making your funding.

Lastly, there’s the corporate enterprise mannequin itself. EIF inventory acquires enterprise with a confirmed worthwhile observe report within the aviation and aerospace, and manufacturing industries. It’s continued to develop even throughout this downturn, most not too long ago buying an organization that makes metallic elements for automated gear.

Right here’s what you possibly can get for investing $1,000 in EIF inventory as of writing.

Nutrien

One other firm that’s lastly over its unstable time is Nutrien (TSX:NTR), which is why it’s a wonderful possibility. Sadly for Nutrien inventory, it was affected by influences outdoors its management. When Russia invaded Ukraine, sanctions on potash led to a rise in shares. Whereas the share worth ought to positively have climbed, it climbed far an excessive amount of, too quick.

After reaching about $140 per share, Nutrien inventory is now down hovering close to $100 per share. This has introduced it right down to a worth that traders can deal with and may think about. It’s now a helpful inventory buying and selling at 5.22 instances earnings, with a dividend yield at 2.92%.

Shares are nonetheless far down by 33% within the final 12 months as of writing and three.7% 12 months thus far. Nonetheless, long-term traders are more likely to be extremely rewarded. The corporate continues to develop each by way of acquisitions in addition to organically. A part of this latter half was influenced by the pandemic, the place the corporate elevated its e-commerce choices. Now, it’s a secure inventory that long-term traders ought to love.

Right here’s what you possibly can get for investing $1,000 in Nutrien inventory as of writing.

Backside line

Seize the chance whilst you can! These two robust and secure TSX shares have much more room to develop. So, even $1,000 might actually assist your portfolio by selecting one, or each, on the TSX at the moment.