Want to Get Richer? 2 Unstoppable Growth Stocks to Buy Now and Hold
Many growth-focused investors have seen their portfolios get hammered recently. With inflation at a 40-year high and interest rate hikes on the way, consumer and business spending are likely to slow in the coming months, and that has Wall Street worried. As spending slows, corporate revenue growth will likely decelerate, which means those richly valued growth stocks now look even more expensive.
However, over the last decade the S&P 500 Growth Index has generated a return of 300%, crushing the 136% return of the S&P 500 Value Index and the 217% return of the broader S&P 500. That makes a compelling case for owning at least a few growth stocks, especially if you have a decade or two until retirement.
With that in mind, here are two investment ideas that could make you richer in the long run.
Source Fool.com
