One of the most famous investors in the world is Warren Buffett. Over almost six decades, the Oracle of Omaha has smashed the market with incredible returns.
In light of this, it certainly could pay to follow in his footsteps when it comes to your own investing. But how could we copy him?
One thing Buffett is well-known for, is taking a long-term perspective when making his investments. Rather than make short term trades, he buys shares "on the assumption that they could close the market the next day and not reopen it for five years."
With that in mind, let's take a look at a few ASX shares that could be great buy and hold candidates today. Here they are:
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Breville Group Ltd (ASX: BRG)
Breville could be a top option for long-term focused investors. It is a leading kitchen appliance manufacturer behind a growing portfolio of brands such as Breville, Kambrook, Lelit, and Sage. Goldman Sachs is very bullish on its growth outlook thanks to its international expansion and exposure to the coffee market. It has a buy rating and $22.70 price target on its shares.
IDP Education Ltd (ASX: IEL)
Another ASX share that could be worth considering as a long term investment is IDP Education. It is a language testing and student placement company. Goldman Sachs is also very positive on its long term growth prospects. This is thanks to its leadership position, robust balance sheet, and strong underlying demand for its services. Goldman has a buy rating and $35.70 price target on the company's shares.
Lovisa Holdings Limited (ASX: LOV)
A final ASX share to buy and hold could be fast-fashion jewellery retailer Lovisa. It could be a top long term investment option due to its bold global expansion plans. Morgans, which is bullish on the company, highlights that "we could be at the start of a period of remarkable expansion." It has an add rating and $28.50 price target on its shares.
