When it comes to making buy and hold investments, I think Australian investors are spoilt for choice.
But with so much choice it can be difficult to decide which shares to invest in.
So I decided to pick out three shares which I think are amongst the best buy and hold investments on the Australian share market today. Here they are:
National Veterinary Care Ltd (ASX: NVL)
I believe this fast-growing veterinary company has significant growth potential over the next decade. It is estimated that on average 79% of dogs and 65% of cats go to the vet at least once a year. And with Australian pet ownership rising to approximately 62% of households, I feel this puts its ever-expanding network of veterinary services businesses in a great position to profit.
Nextdc Ltd (ASX: NXT)
As businesses continue to migrate to the cloud en masse, I believe this leading data centre operator will see demand for its services increase greatly. Ultimately, I expect this to result in increasing levels of contracted utilisation and bumper profit growth as it scales. Management is investing heavily this year in order to capture this demand. While this may mean slower earnings growth in FY 2018, the year after I feel it is likely that earnings growth will accelerate greatly.
Ramsay Health Care Limited (ASX: RHC)
This private hospital operator's shares came under heavy selling pressure after its FY 2018 guidance underwhelmed the market. I believe the sell-off that ensued was overdone, leaving its shares trading at a very attractive price for a buy and hold investment. As well as strong organic growth as a result of increased demand for healthcare services from ageing populations and chronic disease burden, I believe Ramsay has the opportunity to grow its bottom line through acquisitions and expansions.
