Got $2,000? Here Are 2 Stocks You Can Buy and Forget

How do you buy stocks that grow forever? Focus on robust industry leaders such as BCE Inc. (TSX:BCE)(NYSE:BCE).

| More on:

When I first figured out how to buy stocks, my focus was squarely on companies I could invest in forever. These long-term growth stars had the ability to turn a small upfront investment into a sizable mini fortune. All I had to do was be patient. 

Now, some stocks in my portfolio have been around for seven or eight years. They’ve delivered such stunning returns that I never wish to let them go. I also wish I had invested just a little bit more in them all those years back. 

Nevertheless, I’m always on the hunt for my next buy-and-hold-forever stock. Here are two stocks you should consider if you have $2,000 and want to learn how to buy stocks. 

Healthcare properties

NorthWest Health Properties (TSX:NWH.UN) is a little-known Canadian stock that I’ve had my eye on for months. To be honest, this ongoing pandemic has made it clear to me that no other industry is as essential as healthcare. So, it makes sense that a company that owns and manages healthcare-related real estate would have great prospects. 

Northwest serves clinics, hospitals, and pathology labs across the country. These tenants have great cash flows and robust demand, which means they can sign long-term leases for their properties. Northwest’s average lease lifespan is 14.5 years, according to its reports. 

Other statistics are just as impressive. Total occupancy for the NorthWest portfolio is 97.5%. Of its tenants, 80% are directly funded by the government, which means there’s little to no risk of default. And 75% of leases are linked to inflation, which means the rents just keep growing over time. 

The best part: NorthWest Property promises a 7% dividend yield at its current market price. Altogether, this is an ideal pick if you’re just learning how to buy stocks with low risk and robust rewards.  

Bell Canada

Society and the economy has been reshaped by this crisis. Investors have very little certainty about diminishingly few things. However, one thing is for certain: the demand for wireless data.

Telecommunications firms like BCE (TSX:BCE)(NYSE:BCE) have been swimming in cash ever since the world became obsessed with the internet. Demand for broadband and wireless internet has shot through the roof since the early 2000s. Now, demand is focused on faster internet speeds and better coverage. 

BCE seems to have made the right investments to stay ahead of the game for years. Its coverage in rural parts of Canada is unparalleled, and it’s one of the few telecoms to offer 5G internet speeds in major cities. 

With reasonable debt levels, $1.61 billion in quarterly cash flow, and $5.4 billion in cash, the company’s financials are also in great shape. If you’re wondering how to buy a stock that will grow for decades, BCE is a great place to start.   

How to buy stocks forever

Stocks you can buy-and-hold forever are rare. However, some companies in specific industries have the right combination of financial strength and market dominance to stick around for decades. Stocks such as BCE and NorthWest Health properties should certainly be on your radar. 

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 Vishesh Raisinghani has no position in any of the stocks mentioned. The Motley Fool recommends NORTHWEST HEALTHCARE PPTYS REIT UNITS.

More on Stocks for Beginners

The virtual button with the letters AI in a circle hovering above a keyboard, about to be clicked by a cursor.
Tech Stocks

Emerging Canadian AI Companies With Big Potential

These tech stocks are paving the way to an AI-filled future, but still offer enough growth ahead for a strong…

Read more »

Young Boy with Jet Pack Dreams of Flying
Tech Stocks

Is Constellation Software Stock a Buy, Sell, or Hold for 2025?

CSU stock has long been a strong option for high growth, high value stocks. But are there now too many…

Read more »

hand stacks coins
Dividend Stocks

3 Ultra-High-Yield Dividend Stocks You Can Buy and Hold for a Decade

These three high-yield dividend stocks still have some work to do, but each are in steady areas that are only…

Read more »

Asset Management
Stocks for Beginners

TFSA: 4 Canadian Stocks to Buy and Hold Forever

Thinking about what to buy with the new TFSA contribution space in 2025? These four Canadian stocks are worth holding…

Read more »

concept of real estate evaluation
Stocks for Beginners

2 No-Brainer Real Estate Stocks to Buy Right Now for Less Than $1,000

These two real estate sector-focused stocks have the potential to deliver strong returns on your investments in the coming years.

Read more »

engineer at wind farm
Energy Stocks

Invest $20,000 in This Dividend Stock for $100 in Monthly Passive Income

This dividend stock has it all – a strong outlook, monthly income, and even more to consider buying today.

Read more »

stocks climbing green bull market
Stocks for Beginners

3 TSX Stocks Soaring Higher With No Signs of Slowing

Don't ignore stocks just because they look like they're at a high price. Instead, see exactly why they've driven so…

Read more »

Middle aged man drinks coffee
Dividend Stocks

Here’s the Average TFSA Balance at Age 35 in Canada

At age 35, it might not seem like you need to be thinking about your future cash flow. But ideally,…

Read more »