2 Growth Stocks to Buy and Hold for the Next 10 Years
The overall market is down big to start 2022, but growth stocks, or companies that are growing fast but are currently unprofitable, have been hit even worse. Many such names are down 70% to 90% or more in response to high inflation and rising interest rates.
Yet in every crash, there are huge opportunities that can make investors fortunes over the long term. So how do you separate the survivors from the pretenders? In this risky period, investors should focus on four things: competitive advantages, a large growth runway, a reasonable valuation, and a balance sheet that can get the company through this tough period.
Here are two names that fit all four criteria, making them millionaire-maker candidates over the next 10 years.
Source Fool.com
