When it comes to investing in ASX dividend shares, the entry point can make all the difference if you plan on buying and holding. With interest rates at record lows and bank accounts becoming evermore useless as a result, here are three ASX dividend shares that I would buy and hold forever. All three are also priced pretty reasonably at the moment (in my opinion anyway).
National Australia Bank Ltd. (ASX: NAB)
The baby of the 'Big Four' banks, NAB is actually the bank with the fattest dividend on the ASX, and that's even after the cut announced last month from 99 cents per share to 86 cents per share. This puts NAB's dividend on a more sustainable footing, in my opinion, and cements NAB as a fantastic player in any dividend portfolio.
Brickworks Limited (ASX: BKW)
Brickworks is an old company that I find particularly appealing due to its three diversified revenue streams. Brickworks (as the name implies) makes, distributes and houses building materials, but also operates its own version of a property trust, selling and renting land for profit. If this wasn't enough, Brickworks also manages an investment arm – buying and selling other companies within its own portfolio. Brickworks currently has a large stake in Washington H. Soul Pattinson and Co. Ltd (ASX: SOL). Such a solid and diversified company is one I would love to have (and leave) in my portfolio.
WAM Capital Limited (ASX: WAM)
WAM Capital is a listed investment company (or LIC) that invests in small- to mid-cap businesses on the ASX. WAM has a long history of both outperforming the ASX 200 Accumulation Index and providing a large and rising stream of fully franked dividends. WAM is currently yielding a grossed-up 10.57% dividend and although it is trading at a premium to its underlying assets, I believe it's worth paying if you plan on holding forever.
Foolish takeaway
As the saying goes, it's time in the market, not timing the market that makes most investors rich. In my opinion, these three shares are a great place to start if you plan on building a long-term portfolio. All have a good track record of performance and an ability to provide a strong dividend.
