Buy and hold Cochlear and these ASX shares for strong long term returns

Here's why I think Cochlear Limited (ASX:COH) and these ASX shares would be great buy and hold options for Australian investors…

| More on:
ladder going between 2020 and 2030

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

There are a number of investment strategies for investors to choose from, but my favourite remains buy and hold investing.

It is one of the simplest investment strategies and sees investors buy high quality shares that have solid long term outlooks. They then hold onto these shares for long periods of time (unless the investment thesis breaks) and let the power of compounding work its magic.

With that in mind, here are three quality ASX shares that I think would be great buy and hold options:

Cochlear Limited (ASX: COH)

Cochlear is a global developer, manufacturer, and distributor of cochlear implantable devices for the hearing impaired. I think Cochlear would be a great buy and hold option due to the ageing populations tailwind. The World Health Organization estimates that there will be almost three times more people over the age of 65 by 2050 than there were in 2010. As hearing fades as we age, I expect this to lead to demand for its industry-leading cochlear implantable devices growing strongly over the next three decades.

IDP Education Ltd (ASX: IEL)

I think it would be worth buying and holding IDP Education shares. It is a provider of international student placement services and English language testing services. I've been very impressed at the way the company has been performing over the last few years and expect more of the same over the next decade once the pandemic passes and the industry returns to normal.

SEEK Limited (ASX: SEK)

I think that SEEK could be a fantastic buy and hold investment option. I'm very positive on the job listings company's long term outlook due to the strength of its core ANZ business and the growth potential of its international operations. This is particularly the case with its China-based Zhaopin business. Given its strong position in a massive market, I believe Zhaopin has the potential to underpin strong earnings growth over the next decade.

James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. and Idp Education Pty Ltd. The Motley Fool Australia has recommended Cochlear Ltd. and SEEK Limited. 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.

More on ⏸️ ASX Shares

a woman wearing a close-sitting hat featuring wires and thick computer screen glasses clutches her computer monitor and looks shocked and disturbed as she reads old-fashioned computer text from the screen.
Technology Shares

Here's why ASX 200 tech shares (ASX:XTX) outperformed today

ASX tech shares have taken a turn for the better today.

Read more »

Worker in hard hat looks puzzled with one hand on chin
Resources Shares

Why did the Rio Tinto share price (ASX:RIO) have such a lousy 2021?

We look at what happened to this ASX 200 mining giant's shares last year

Read more »

a miner wearing a hard hat smiles as he stands in front of heavy earth moving equipment on a barren mine site.
Share Gainers

Here's why the Rumble Resources (ASX:RTR) share price is climbing 5%

The mineral explorer's share price is on the rise amid promising drill results.

Read more »

share price high, all time record, record share price, highest, price rise, increase, up,
⏸️ ASX Shares

Here are the top 10 ASX 200 shares on Wednesday

Here are your top 10 biggest gainers in the ASX 200 on Wednesday.

Read more »

comical investor reading documents and surrounded by calculators
⏸️ ASX Shares

The ASX reporting wrap-up: WiseTech, Bravura, Seven Group

Just what the investor ordered. Here’s a recap of the companies that reported on Wednesday...

Read more »

Doctor performing an ultrasound on pregnant woman
⏸️ ASX Shares

The ASX reporting wrap-up: Ansell, Kogan, Nanosonics

Just what the investor ordered. Here’s a recap of the companies that reported on Tuesday...

Read more »

blue arrows representing a rising share price ASX 200
⏸️ ASX Shares

Here are the top 10 ASX 200 shares on Tuesday

Here are your top 10 biggest gainers in the ASX 200 on Tuesday.

Read more »

unhappy investor considering computer screen
Share Market News

The ASX reporting wrap-up: Charter Hall, Ampol, NIB Holdings

Just what the investor ordered. Here’s a recap of the companies that reported on Monday...

Read more »