2 Growth Stocks to Hold for the Next 10 Years
You would be surprised at how much wealth you can generate by owning stocks for the long term. If you give the power of compound growth enough time to really gain momentum, your investments can multiply in value many times, leaving you better prepared financially for your retirement. Growth stocks can offer the best bang for your buck as their share price gains can help your portfolio growth stay ahead of inflation.
However, you shouldn't just buy any growth stock. There are several key attributes you should look for when selecting stocks for your portfolio. The business should possess a strong brand or franchise that will endear customers to it and make them sticky. It should also demonstrate a track record of steady growth and generate increasing positive free cash flow. Finally, it should enjoy sustainable tailwinds that can lift its revenue and profits over the long term.
Based on this list of characteristics, here are two promising growth stocks that you can buy and own for the next decade.
Source Fool.com
