2 Hot Stocks to Buy and Hold Until You Retire

You may not be retiring for 30 years, or maybe retirement is a lot nearer in your future. Either way, every investor needs growth stocks to buy and confidently forget about as they grow in value and earn you dividends in the meantime.

How can we find such stocks? Look for companies with a solid, consistent plan for growth, along with a record of dividend raises, such as Target (NYSE: TGT) and Innovative Industrial Properties (NYSE: IIPR). Target is up nearly 40% year to date, and Innovative is up more than 45% in 2021. Over the past five years, stock returns from these two companies have easily outstripped the S&P 500's growth. For perspective, Target's stock is up more than 219% while Innovative's shares are up more than 1,500%, compared to the S&P's return of 111% over that period.

Here's why I think both companies can continue to reward investors.

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Source Fool.com