These days, it's not enough for investors to focus on stocks that have been delivering explosive growth. This type of growth may be transitory and the company may not be able to keep it up.

Therefore, it's wiser to select businesses that have displayed steady track records of growing their top and bottom lines over several years. What's more, you should seek companies that possess catalysts or tailwinds that could sustain further growth.

Remember that consistent, long-term growth will eventually lead to a higher share price, earning you significant capital gains over the long run. These are the types of businesses you'd want to own forever as they can help you to compound your money many times over. Companies with reputable brands along with a solid market position are better placed to leverage these strengths to post continuous growth.

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Source Fool.com