Sometimes it can be hard to decide which ASX shares to buy. Especially if you're wanting to make long-term buy and hold investments.
The good news is that exchange traded funds (ETFs) are here to the rescue. These are financial instruments that allow investors to put their money into diverse groups of shares through a single investment.
But which ETFs would be good buy and hold options? Two to consider are listed below:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
It's hard to look past the BetaShares NASDAQ 100 ETF when you're talking about buy and hold investing.
That's because this ETF gives investors easy access to the 100 largest non-financial stocks on the NASDAQ stock exchange.
These are many of the highest quality companies in the world that look likely to dominate the business world long into the future. This includes names such as Alphabet (Google) Amazon, Apple, ASML, Meta (Facebook), Microsoft, Netflix, Starbucks, Nvidia, and Tesla.
Vanguard Australian Shares High Yield ETF (ASX: VHY)
If your focus is more on income, then you might want to consider the Vanguard Australian Shares High Yield ETF.
As you might have guessed from its name, this ETF aims to provide investors with big dividends year in, year out.
Rather than focusing on the dividends that have been and gone, this ETF leverages broker research to identify the ASX shares that are forecast to provide the biggest dividend yields over the next 12 months. It then brings these together into a diverse portfolio designed to offer a higher than average yield.
Among its holdings at present are Rio Tinto Ltd (ASX: RIO), Telstra Corporation Ltd (ASX: TLS), and Westpac Banking Corp (ASX: WBC). Combined with other holdings, they are collectively expected to provide a forward dividend yield of 5.4%.
