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The 10 Best Growth Stocks for Retirement

As we continue to lead longer lives, growth stocks have become an increasingly pivotal part of the retirement pie

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Best Growth Stocks for Retirement: Alphabet (GOOGL)

Best Growth Stocks for Retirement: Alphabet (GOOGL)
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Along the same lines, I’d mention Microsoft’s rival, Alphabet Inc (NASDAQ:GOOGL).

Although Alphabet has only been in business for less than 20 years, it has already faced multiple competitive challenges and managed to come out stronger every time, making it one of the best growth stocks of the past couple decades.

First it was mobile. As more computing and internet searches moved to smartphones, many analysts worried that Alphabet’s lucrative Google desktop homepage would lose eyeballs to less profitable mobile searches. Well, Alphabet quickly cast those worries aside, proving that mobile could be every bit as valuable to advertisers.

Next came the threat from social media. With Facebook Inc (NASDAQ:FB) emerging as a go-to portal, a lot of investors worried that Google would simply be bypassed altogether. Well, that seems almost silly now. While Facebook is indeed taking a large chunk of online advertising dollars, Alphabet is the undisputed champion, taking in about 40% of all American online ad spending.

Alphabet trades for about 24 times expected earnings, which isn’t cheap in a strict sense. But for one of the world’s greatest growth engines, it’s not exceptionally pricey, either.

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