Here are 2 buy and hold investments at the top of my shopping list

One of my favourite investing strategies is the simple buy and hold passive investment strategy. As the name implies, the strategy sees investors buy shares to hold for a long period of time, ignoring fluctuations in the market.

One prime example of how successful buy and hold investing can be is private hospital operator Ramsay Health Care Limited (ASX: RHC).

A $20,000 investment in its shares 10 years ago would be worth a whopping $140,000 today.

Perhaps the most impressive part about this return is the fact that a little over 18 months after making the investment its shares plunged almost 25%. Investors that held on during those tough days have certainly been rewarded today.

With that in mind, here are two shares which I think could be great buy and hold investment ideas:

Although the BWX Ltd (ASX: BWX) share price is up almost 13% this year, I don’t believe it is too late to invest in the company behind the Sukin skincare brand. I expect the recent launch of its products in the UK market and online in China will provide the company with significant sales growth over the next few years. Because of this I think now would be an opportune time to pick up BWX shares.

The Mayne Pharma Group Ltd (ASX: MYX) share price has fallen heavily in the last 12 months on concerns over price-fixing allegations and the impact the Trump administration will have on the industry. This has left its shares trading at a little over 12x annualised earnings despite the company delivering triple-digit top line growth. As well as its current line-up of drugs, the company has a strong pipeline that I expect to drive further top line growth in the future. At the current price I think it provides investors with a compelling risk/reward.

As well as BWX and Mayne Pharma, I think these three hot growth shares could be equally good buy and hold investments. I'm tipping each of them to smash the market this year.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often full franked..

But knowing which blue chips to buy, and when, can often be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of BWX 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.

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