Got $500? 4 Growth Stocks to Buy and Hold Forever

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Got $500? 4 Growth Stocks to Buy and Hold Forever

^{Published on 2024-12-29 09:21:07 - MSN}

These growth stocks are likely to outperform broader market averages and bolster the returns of your portfolio in the long run. The post Got $500? 4 Growth Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.

The article from MSN Money discusses four growth stocks that could be considered for long-term investment with an initial investment of $500. It highlights Shopify (TSX:SHOP) for its significant growth in the e-commerce sector, despite a recent dip in stock price, suggesting it's a good buy for future growth. Constellation Software (TSX:CSU) is praised for its strategy of acquiring vertical market software companies, leading to consistent growth and a strong track record. goeasy (TSX:GSY) is noted for its impressive performance in the financial sector, particularly in non-prime lending, with a history of increasing dividends. Lastly, Cargojet (TSX:CJT) is recommended due to its essential role in logistics, especially with the rise of e-commerce, offering stability and growth potential. The article emphasizes the long-term investment strategy, suggesting these stocks could be held indefinitely for wealth accumulation.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/got-500-4-growth-stocks-to-buy-and-hold-forever/ar-AA1wEJKI ]

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Got $500? 4 Growth Stocks to Buy and Hold Forever