When investing it is always nice to have the luxury of shares in your portfolio which you don’t have to babysit. These are ones which you can sit back, relax, and watch appreciate over the years.

I believe the following two shares represent great investments for those that wish to buy and hold for the long term. Each should provide investors with steady returns for the next decade in my opinion.

Coca-Cola Amatil Ltd (ASX: CCL)

Coca-Cola Amatil is so much more than just Coca-Cola. I believe its diverse and evolving product range will ensure it can continue to grow at a good rate for the next decade at least.

As consumer preferences shift from sugary drinks to healthier alternatives, there have been concerns that Coca-Cola Amatil will begin to lose relevance and struggle to perform to expectations.

But the company’s incredible distribution network will not allow this to happen. Through this network it can make whichever type of beverage the consumer is demanding readily available to them.

Because of this I believe any decline in sales of one particular brand, will be offset by increases in one of its other brands.

Let’s not forget also the huge potential of the Indonesian market which the company operates in. The current population in Indonesia is approximately 250 million, and the U.N. has forecast for it to reach almost 300 million by 2030.

At present the Indonesian segment contributes just over 7% of total revenue, up around 50 basis points year-over-year. I would not be at all surprised to see it provide somewhere in the region of half of its total revenue in a decade.

For these reasons I believe you could buy and hold onto Coca-Cola Amatil shares for the long-term and expect great returns.

Retail Food Group Limited (ASX: RFG)

Retail Food Group is the owner of franchise brands such as Gloria Jean’s, Donut King, and Michel’s Patisserie.

It has grown its earnings by around 16% per annum for the last 10 years. Although this is expected to slow to around 9% per annum for the next couple of years, this is still a strong level of growth which I expect will provide shareholders with great returns.

The growth of the company has been incredibly impressive. It hasn’t stopped yet either, with management expecting to open 250 new stores before the end of the 2016 financial year.

The company’s business model means this aggressive store growth should prove to be very beneficial to its top line. As a master franchisor it allows franchisees to use its intellectual property in exchange for a percentage of each store’s revenue.

As with many franchise models, Retail Food Group then sells to stores the products it needs to operate.

This creates a steady and predictable revenue stream for the company, which I believe makes it a great buy and hold investment today. Especially considering it is around 26% off its 52-week high at present.

Foolish takeaway

I believe both Coca-Cola Amatil and Retail Food Group represent great buy and hold investments. They should provide shareholders with good returns in the next decade, on top of the strong dividends that they both pay.

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of Retail Food Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.