2 Long-Term Growth Stocks to Buy and Hold Forever

Market volatility might make risk-averse investors stay away from growth stocks, but these two could be worth having on your radar today.

| More on:

Image source: Getty Images

The stock market has been volatile for several weeks, and it does not look like markets will stabilize soon. Increasing geopolitical tensions are piling on to inflationary environments, interest rate hikes, and supply-chain issues to batter growth stocks all around.

Risk-averse investors who want stability right now might veer away from growth stocks that offer short-term growth. Investing in growth stocks is an essential part of every well-balanced portfolio. However, focusing solely on rapid growth stocks entails significant capital risk, especially during volatile market environments.

If you seek long-term and sustainable wealth growth, it is best to find high-quality growth stocks that can consistently provide growing shareholder value for several decades. Today, I will discuss two such TSX stocks that you could consider adding to your portfolio for this purpose.

Brookfield Infrastructure Partners

Brookfield Infrastructure Partners (TSX:BIP.UN)(NYSE:BIP) is one of the best long-term growth stocks you can consider in the current environment. The US$25.33 billion market capitalization company headquartered in Toronto owns a diversified portfolio of infrastructure assets worldwide. The company owns defensive assets, making it a reliable dividend stock to own. It also keeps recycling its capital to acquire more assets, delivering more growth.

At writing, Brookfield Infrastructure stock trades for $75.22 per share, and it boasts a 3.47% dividend yield. Adding its shares to your portfolio could provide you with stable returns through its shareholder dividends. The acquisition of more infrastructure assets by using its capital also unlocks the potential for substantial long-term growth through capital gains.


Dollarama Inc. (TSX:DOL) is a reliable business for investors seeking income-generating assets that offer long-term growth. Dollarama is a $19.35 billion market capitalization dollar store retail chain headquartered in Montreal. With a growing portfolio of over 1,400 stores, the company has proven itself as a worthy investment for long-term growth-seeking investors.

Dollarama has also benefitted from the overall change in consumer habits amid the pandemic. The global health crisis hit everyone hard, and people are looking for more opportunities to save costs. Discount retailers like Dollarama offer them the perfect opportunity to get the best value for money, boosting the company’s revenues in the process.

Dollarama stock trades for $65.50 per share at writing, and it boasts a 0.31% dividend yield. While the stock does not offer much in terms of dividend income, Dollarama is a top long-term growth stock that could offer significant wealth growth through capital gains as it seeks to expand its operations outside Canada into international markets.

Foolish takeaway

When seeking growth stocks, sticking to high-quality companies that can offer sustainable growth instead of short-term surges on the stock market might be a more reliable method. Brookfield Infrastructure Partners stock and Dollarama stock are two TSX-traded equity securities that could be ideal 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 recommends Brookfield Infra Partners LP Units.

More on Stocks for Beginners

clock time
Stocks for Beginners

3 Stocks to Start Investing Today

Looking for a set of stocks to start investing today? Here are some great options that offer growth and income…

Read more »

Chalk outline of two arrows pointing in opposite directions
Stocks for Beginners

How to Save Thousands Per Year With Your RRSP

If you can hit your RRSP contribution limit each year, you could save thousands in taxes that could help boost…

Read more »

Portrait of woman having fun in the street.
Stocks for Beginners

New Investors: 3 Dividend Stocks to Buy Soon

Are there too many stocks to choose from? New investors can start their research in these solid dividend stocks!

Read more »

edit Sale sign, value, discount
Stocks for Beginners

5 Amazing Stocks That Are on Sale Today

After the recent stock market correction, tonnes of top-quality stocks are on sale today. Here are five amazing stocks to…

Read more »

stock analysis
Stocks for Beginners

2 Simple Strategies That Canadian Investors Can Use to Start Investing in Stocks

Here are two of the simplest and best investing strategies for Canadians to start investing in stocks today.

Read more »

Target. Stand out from the crowd
Stocks for Beginners

Top 2 Dividend Stocks for Beginners

Dividend stocks like BCE (TSX:BCE)(NYSE:BCE) are ideal for beginners.

Read more »

Stocks for Beginners

Starting an Investment Portfolio? Buy These 3 Stocks!

Interested in getting a start in the stock market? Buy these three stocks today!

Read more »

TFSA and coins
Stocks for Beginners

TFSA Investors: 3 Stocks You Should Buy Today

Are you looking for stocks to add to your TFSA? Here are three top stocks to buy today!

Read more »