While some investors harbor hope of finding one or two stocks that blow up overnight and inject serious growth into their portfolio, and that can certainly happen, long-term investing often requires more patience and strategy. Investing in companies that you plan on holding for a minimum of five years, and preferably longer, is key to an investing strategy that holds up to the test of time.

Buying companies you understand, and that align with your interests, financial objectives, and portfolio goals is key as well. As you diversify your portfolio across multiple stocks and sectors, there are plenty of great companies with promising long-term growth stories to explore.

Here are two names to consider for your buy list right now if you have $500 to invest in stocks.

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Source Fool.com