2 Long-Term Growth Stocks to Buy and Hold for the Next Decade

Take a look at these two growth stocks for your investment portfolio as the market becomes increasingly expensive.

| More on:
edit Business accounting concept, Business man using calculator with computer laptop, budget and loan paper in office.

Image source: Getty Images

Stock market investing has become increasingly popular in recent years as Canadians realize the importance of investing their money to get decent returns instead of letting their cash sit idly in their accounts. The low-interest rate environment has led to returns from interest and fixed-income assets lagging significantly behind rising inflation rates.

Canadian investors who have invested in the right Canadian growth stocks in the last decade and held onto their investments have seen the wealth growth potential that the TSX boasts, provided you buy shares of the right companies.

Today, I will discuss two such stocks that you could consider adding to your portfolio today and hold onto them for the next decade in order to realize significant wealth growth through capital gains.

Restaurant Brands International

Restaurant Brands International (TSX:QSR)(NYSE:QSR) is a $34.34 billion giant in the restaurant industry, boasting big names like Burger King, Tim Hortons, and Popeyes Louisiana Kitchen under its belt. The stock’s performance took a hit due to obvious reasons as the pandemic-fuelled restrictions hampered the sales of its fast-food chains.

However, the company’s long-term performance shows an impressive track record that could restore some faith in the company’s ability to provide decent returns in the long run.

The company has shown a decent recovery in the last few quarters as it adapted to the changing landscape. As pandemic-related restrictions slowly ease, RBI stock could be in for a massive boost on the stock market in the coming months. At writing, the stock is trading for $73.09 per share and is down by 3.77% year to date. The stock is down by 30% from its all-time high in 2019.

Investing in its shares right now could set you up for massive gains through capital appreciation in the coming years.


Shopify (TSX:SHOP)(NYSE:SHOP) has become one of the best-performing long-term holdings for Canadians since its initial public offering (IPO) over six years ago. The top Canadian growth stock toppled the Royal Bank of Canada as the top equity security in terms of market capitalization. The massive $260.16 billion market capitalization giant has become a significant entity in just a few years of trading on the stock market.

At writing, Shopify stock is trading for $2,072.82 per share and is in no way a cheap stock to consider. Shopify stock’s share price is 50.36 times sales at its current levels, making it a very expensive stock to own. However, if there is one company that can grow into its expensive valuation, it is Shopify.

The e-commerce industry has boomed significantly during the pandemic, and Shopify has been one of the global leaders in the e-commerce space. As the industry continues to boom in the coming years, Shopify stock could soar to even greater heights.

Foolish takeaway

As with any investment, buying and holding onto growth stocks comes with its fair share of capital risk. The past performance of publicly-listed companies does not guarantee future returns. However, it might be possible to find ideal stock picks for long-term wealth growth by understanding the businesses you are considering and determining whether the industry trends favor long-term growth.

Restaurant Brands International stock and Shopify stock look well-positioned as long-term growth stocks that you could consider adding to your portfolio for this purpose.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Shopify. The Motley Fool recommends Restaurant Brands International Inc.

More on Dividend Stocks

money cash dividends
Dividend Stocks

Have $500? 2 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now

Want some absurdly cheap stocks for your portfolio? Here are two options trading at a huge discount right now.

Read more »

Gas pipelines
Dividend Stocks

TFSA Passive Income: Is Enbridge Stock a Buy, Sell, or Hold?

Enbridge now offers a yield near 8%. Is the dividend safe?

Read more »

clock time
Dividend Stocks

1 Growth Stock Down 28% to Buy Right Now

After being temporarily impacted by the economy in 2023, this growth stock is now ultra-cheap, making it one of the…

Read more »

sale discount best price
Dividend Stocks

3 Stocks to Buy While They Are on Sale

Top TSX dividend stocks are trading at discounted prices.

Read more »

Volatile market, stock volatility
Dividend Stocks

1 Dividend Stock Down 31% to Buy Right Now

Buying the dip has its advantages – lower downside risk and higher probability of growth. In a dividend stock, you…

Read more »

warning or alert
Dividend Stocks

Value Alert: Here’s Why TD Bank Stock Is an Excellent Buy Right Now

Toronto-Dominion Bank (TSX:TD) stock is too attractively priced for you to sleep on if you are interested in Canadian bank…

Read more »

Dividend Stocks

TFSA: The Best TSX Stocks to Invest $7,000 for February 2024?

These top TSX dividend stocks might be oversold right now.

Read more »

Oil pumps against sunset
Dividend Stocks

Should You Buy Cardinal Energy Stock for its 11% Dividend Yield?

Down 68% from all-time highs, Cardinal Energy stock offers a tasty dividend yield of 11% in 2024.

Read more »