SHOP - 2 Growth Stocks to Buy Now and Hold Forever
2024-06-23 05:15:00 ET
Some companies are so strong and have such incredibly long runways of growth ahead that you may never need to sell the shares. The advantage with this approach is that the stock can compound in value without you having to pay capital gains taxes.
Here's why Amazon (NASDAQ: AMZN) and Shopify (NYSE: SHOP) are two quality stocks you can buy today and hold for potentially years of compounding returns .
Online shopping might seem commonplace today, but it only comprised 15% of total retail sales in the U.S. in the first quarter of 2024. That relatively small figure highlights the enormous runway of growth for the leader Amazon that continues to absorb a growing share of the e-commerce market .
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2 Growth Stocks to Buy Now and Hold Forever