Here are my top stocks to buy now for my 2021 Stocks and Shares ISA

first_img Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Jonathan Smith The Stocks and Shares ISA is a great investment vehicle enabled by the government. It allows me to build up a pot of investments within a specific account that is free from capital gains tax. This tax would normally be charged when I fill out my tax return each year. However, due to my ISA, I can buy and sell without needing to worry myself about it. With the new ISA year having begun in April, here are the stocks I’m looking at for my 2021 allocation.Growth stocksEach year, I want to allocate a good proportion of my Stocks and Shares ISA amount to growth stocks. This is because I’m still relatively young (cue the old man jokes) and so I’m ok to take on higher risk. Usually, growth stocks have higher volatility than others, but I’ve got a long enough time horizon to deal with this. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…For this year, I’m looking to buy growth companies that could take advantage of the reopening economy. These include Watches of Switzerland, Grainger and Greggs. I think a mix of all three allows me to get good exposure to the key areas I feel could perform well.It’s not guaranteed, of course and they could perform worse than I expect. That said, rebounding retail spending and sales should aid watch and luxury purchases. A return to the workplace for some should provide a boost for a bakers like Greggs. Finally, higher rental demand for properties as people start to mobilise again should aid Grainger.Dividend stocksAside from trying to make gains for my Stocks and Shares ISA through capital appreciation, I also want to look towards dividend payouts. This helps to balance out my overall investment pot. If my growth stocks underperform for some reason, then I’ll be able to fall back on the income I’m getting from the dividend stocks.Although I want to target yields above the FTSE 100 index average, I want to stick to names that I’m comfortable with. To this end I’d look to buy National Grid, SSE and Legal & General. In my opinion, these companies are sustainable dividend payers, and shouldn’t give me a lot of headaches from having to sell and find other dividend stocks in the near future.The above examples offer a dividend yield currently between 5% and 6%. I’m happy at this level, and so would look to invest regularly to build up exposure here. Obviously, the yield changes as the stock price fluctuates. So one potential risk here is that over the next year of populating my Stocks and Shares ISA, the dividend yield could fall.Opportunities for my Stocks and Shares ISABased on the above, there are lots of opportunities for me to target. Unless I have a lump sum of £20,000 ready to go, I’ll be looking to invest regularly each month to ensure I maximise my allocation by April 2022. I don’t see this as a bad thing, as over the course of the year there might be fresh growth or dividend stocks for me to buy. Jonathan Smith | Monday, 10th May, 2021 Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Sharescenter_img There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Here are my top stocks to buy now for my 2021 Stocks and Shares ISA Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. 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