Although growth stock picks can be highly volatile, they can make good long-term investments. They may be well-known stars or quiet gems, but they do share one common attribute—they are growing at a higher-than-average rate within their industry, or within the market as a whole, and could keep growing for years or decades.
And keep in mind that we focus on growth stocks, which have a good long-term history and favourable prospects. We downplay momentum stocks that tend to attract many investors simply because they are moving faster than the market averages, but are liable to fall sharply when their momentum fades.
There’s room for growth stock investing in your portfolio, but make sure you follow our TSI Network three-part Successful Investor strategy for your overall portfolio:
- Invest mainly in well-established companies;
- Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; Utilities);
- Downplay or avoid stocks in the broker/media limelight.
Make better stock picks when you read this FREE Special Report, Canadian Growth Stocks: WestJet Stock, RioCan Stock and More.
You’ll notice two of the three—CGI and CP—are repeats from the 2019 list. They delivered investors big gains in the past year—31% and 33%, respectively....
For investors looking to tap that phenomenal growth, the question is often which new retailer will give them the broadest and most-lucrative exposure to e-commerce? We, however, believe there is a better way.
It involves following our three-prong approach to investing—specifically, the part about sticking with well-established companies and downplaying stocks that are in the broker/media limelight....
FirstService set up its commercial real estate business, Colliers International Group, as a separate company on June 1, 2015....
One key to our success is that we look for well-financed companies with lots of room to grow, especially in new, untapped markets....
Stitch Fix operates a personal-styling website with 2.2 million U.S....
To compete with online sellers like Amazon.com, many retailers over the last few years have expanded their Internet presence and used their brick-and-mortar outlets as pick-up locations for online orders....