3 growth stocks to power your portfolio

Invest the Warren Buffett Way for the long term with companies like Ramsay Health Care Limited (ASX:RHC), REA Group Limited (ASX:REA) and McMillan Shakespeare Limited (ASX:MMS).

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What is one of the best ways to handle a volatile market? Quite simply, ignore it.

Last week, billionaire investor Warren Buffett was asked on TV about which way he thought the market would go. With his over 60 years of investing experience and business acumen, he replied, "I have no idea what the stock market's going to do tomorrow or next week or next month or next year…but ten years from now the market will be higher."

He followed by saying that investors should buy and own stocks like they'd own a unit, house or farm. You'd buy a property or business because it will grow in value over time. If the ups and downs of the news, markets or rumours rule your buying and selling, then he reckons you probably won't do well. Having created a personal fortune worth over $60 billion, he may just know what he's talking about.

Here are several quality stocks that have the potential to be worth much more over time.

One company with a good business is McMillan Shakespeare Limited (ASX: MMS). It offers services for salary packaging, novated vehicle leasing and fleet management. Large companies and government organisations like to leave these matters to the specialists. McMillan Shakespeare makes good money doing this and the analyst consensus is for earnings to rise an average 19% annually over the next two years.

Speaking of property, REA Group Limited (ASX: REA) and its realestate.com.au property search website have been steadily growing over the past ten years. Now the number one site, it continues taking market share and spinning remarkable double-digit profits each year. It's growing overseas as well and has taken a 20% stake in a major US real estate website to continue its rise.

Ramsay Health Care Limited (ASX: RHC) is a good example of a growth stock that probably can keep the momentum going for years. It is the largest operator of private hospitals and medical centres in Australia and has hospital networks internationally. This is a business where the customers (patients) never stop coming. Healthcare is a much needed industry, which drives the company's ability to expand.

These are just three promising stocks, but there are two more companies that the "Oracle of Omaha" himself might even like for their quality and long-term value. Access this report to find out about the two stocks that could be the beginning of your own fortune.

If you don't know a lot about Buffett's investing rules that made him rich and want to be successful at investing yourself, then I would suggest you get this report on how to value stocks like Buffett himself. Investing the Warren Buffett Way could make a big difference in building your own wealth.

Motley Fool contributor Darryl Daté-Shappard does not own shares in any company mentioned. 

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