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3 ASX 200 shares to buy and hold for decades

ASX 200 shares continue to bounce back strongly in June. However, we’ve seen a minor wobble this week as the S&P/ASX 200 Index (ASX: XJO) has fallen lower for 2 consecutive days, and is down almost 3% this morning.

Despite this, things are still looking relatively good in global share markets. Strong money supply and general optimism about 2021 are pushing share prices higher.

It’s easy to get distracted by short-term market movements. It’s important to keep an eye on the prize – building a long-term investment portfolio.

Here are a few ASX 200 shares that I think are worth buying and holding for decades into the future.

3 ASX 200 shares to buy for the long-term

When investing for the future, I like to think of some key themes that will be important. After all, future trends will drive the economy and that will be led by top ASX companies.

I think Commonwealth Bank of Australia (ASX: CBA) is one share to buy for the future. CBA is Australia’s largest bank and has historically been a dividend staple of many Aussie portfolios.

There’s a lot of talk around disruption and the rise of the neobanks. While neobanks may continue to capture market share, I think the big four will be hard to dislodge.

CBA isn’t the only ASX 200 share that is looking tough to dislodge in its industry. I like the look of NextDC Limited (ASX: NXT) as a leader in the data storage and security industry.

NextDC looks to be laying the platform for future growth right now. The Aussie data storage group recently raised $672 million from investors to develop more data centres around Australia.

Another ASX growth share that I think is set for more growth is Polynovo Ltd (ASX: PNV). Polynovo’s proprietary NovoSorb BTM product continues to go from strength to strength. In fact, the Polynovo share price has rocketed 3,050% in the last 5 years and more than doubled in the last 12 months.

Foolish takeaway

These are just a couple of the ASX 200 shares I think will be strong companies in the decades ahead and are well worth considering today as long-term buys.

If growth shares are on your mind right now, check out these top Foolish picks today!

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Motley Fool contributor Ken Hall 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 Scott Phillips.

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