When it comes to investing, I agree with the great Warren Buffett that 'the best time to sell a stock is never'.
While it's almost impossible to predict what will happen to ASX shares tomorrow, let alone for decades to come, I think a good place to start is looking at how a company has performed in the past.
So here are 2 ASX shares that have stellar histories of rewarding their shareholders, which I expect to benefit from until I'm 100 years old.
Washington H. Soul Pattinson and Co Ltd (ASX: SOL)
'Soul Patts' is one of the oldest companies on the ASX, and has survived and thrived amidst everything the 20th century threw at it. Thus, I'm reasonably confident this fifth-generation, family-run company has what it takes to outlast my lifetime.
It owns a portfolio of conservative ASX companies, including TPG Telecom Ltd (ASX: TPM), BKI Investment Co Ltd (ASX: BKI) and New Hope Corporation Limited (ASX: NHC).
Soul Patts is also one of the best dividend payers on the ASX in my opinion. It has paid a dividend every year since its ASX listing and remains one of the only companies to have increased this dividend every year since 2000. I'm very confident that these dividends will continue well into the future, and I'm looking forward to seeing where they've grown to when I've reached the century.
MFF Capital Investments Ltd (ASX: MFF)
MFF Capital is a listed investment company (LIC) that is run by Magellan Financial Group Ltd (ASX: MFG) co-founder Chris Mackay. I love LICs as an investment vehicle due to their passive nature and ability to pay steady dividends.
MFF focuses primarily on American companies using a Buffett-style long-term outlook. Its current holdings are concentrated in the payment giants Mastercard and Visa, but also include names like Alphabet and Facebook.
Over the last 10 years, MFF shares have returned approximately 16.29% per annum (not including dividends). Due to the prudent nature of Mackay's investing style, the relentless focus on the long-term outlook and the calibre of the companies MFF holds, I'm extremely comfortable having this stock as a major part of my portfolio – a position I can't see changing in my lifetime.
Foolish takeaway
Almost every share I buy, I buy with the hope and expectation that I'll never have to sell. But these 2 shares are amongst the investments I have the most confidence in holding until I'm 100 years old. I may not make it to the magic 'letter from the Queen' age, but I'm sure these 2 investments will be around regardless.
