Growth stocks are an essential piece of any investment portfolio, especially for long-term investors who want to maximize their returns. Many growth stocks are high-risk, high-reward opportunities, and their investors often have to stomach expensive valuations, significant volatility, and uncertainty regarding the company's ability to execute far into the future.

These two stocks offer a more balanced approached for the long term. They're established market leaders with strong competitive advantages, and they still have the potential to outperform the market over the next 10 years.

(NASDAQ: WDAY) provides a cloud-based software suite with HR management and financial functions. Its target customers are enterprises that need to manage resources across large and complex organizations, and the right software is necessary to accomplish that. Workday continues to invest in product enhancements, and it's currently focused on developing artificial intelligence and machine learning capabilities to bolster and solidify its competitive position.

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Source Fool.com