2 Unstoppable Growth Stocks to Buy and Hold for the Next Decade
Over the last decade, the S&P 500 Growth Index has generated a return of 16.7% per year, crushing the 7.4% annualized return of the S&P 500 Value Index. Of course, growth stocks aren't for everyone. They tend to be highly volatile investments over short periods of time, and the current market environment is a perfect example. High inflation and impending interest rate hikes have sparked a market sell-off, and growth stocks have been hit particularly hard.
The key is understanding your own risk tolerance. If you can handle that volatility, and you have decades before retirement, it will be a smart move to allocate a good portion of your portfolio toward growth stocks. To that end, Airbnb (NASDAQ: ABNB) and Block (NYSE: SQ) look like great additions to any long-term investor's portfolio.
Here's why these two unstoppable stocks are good buy-and-hold candidates for the next decade.
Source Fool.com
