My Best Stocks to Buy Now and Hold Forever

If you want to build life-changing wealth, the stock market can be a great place to realize that dream. Since 1957, the S&P 500 has produced an annualized return of roughly 10.4% (including dividends). Assuming that trend continues, you could buy an exchange-traded fund that tracks the index, and your money would double roughly once every seven years. That's pretty good.

If you're willing to do some extra work, your portfolio could actually outperform the broader market. Your best chance of doing that involves thinking long-term on the stocks you choose. Don't buy a stock based on fleeting tailwinds. Instead, aim to invest in high-quality companies -- the kind of companies you would want to own forever -- and hold onto them long enough for their performance to compound your returns.

Here are two stock ideas with this investment philosophy in mind to get you started.

Source Fool.com