Why I would buy and hold these top shares for a decade

The InvoCare Limited (ASX:IVC) share price is one of two which I think could climb notably higher over the next decade…

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When it comes to buy and hold investment options, I believe that Australian investors are a lucky bunch.

With a number of quality companies having strong long-term growth potential, I believe investors are spoilt for choice.

Two shares which I think are among the best buy and hold options on the Australian share market are listed below. Here's why I like them:

InvoCare Limited (ASX: IVC)

Although its shares have just reached an all-time high, I still think that Australia's largest funeral services provider would be a great buy and hold investment option.

Due to its market-leading position, strong brands, and the expected increase in the death rate over the next two decades, I feel InvoCare is in a strong position to grow its earnings and dividend at a solid rate for the foreseeable future.

Ramsay Health Care Limited (ASX: RHC)

Thanks to a post-earnings decline in its share price, I believe this leading private hospital operator is trading at a great price for investors willing to make 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 think Ramsay has the opportunity to grow its bottom line through acquisitions and expansions.

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