I think that buy and hold investing is one of the best ways to take advantage of the magical power of compounding and grow your wealth over the long term.
However, not everyone has the time to research which ASX shares might be good buy and hold options.
But don't worry if you fall into that category, because there is a solution – exchange traded funds (ETFs).
ETFs allow investors to buy large groups of shares from different indices, sectors, or countries in one fell swoop. This could make them a great choice for anyone that is short on time but wants to put their money to work in the share market.
With that in mind, listed below are three excellent ASX ETFs that could be top buy and hold options for investors. They are as follows:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
The BetaShares NASDAQ 100 ETF could be a top buy and hold option for investors. You only need to look at the shares included in the fund to understand why. Among its 100 holdings are some of the highest quality companies in the world. This includes Google parent Alphabet, Amazon, Apple, Facebook owner Meta, Microsoft, and Tesla.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
Another ASX ETF that could be a top buy and hold option is the VanEck Vectors Morningstar Wide Moat ETF. It provides investors with easy access to a group of shares that have fair valuations and sustainable competitive advantages or moats (hence its name). The ETF generally comprises approximately 50 companies with these qualities. At present, this includes the likes of Adobe, Alphabet, Boeing, Kellogg Co, Meta, and Walt Disney.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
Finally, the Vanguard MSCI Index International Shares ETF could be another great buy and hold option for investors. This popular ETF gives investors access to approximately 1,500 of the world's largest listed companies, which provides significant diversity for a portfolio. There are a good number of global giants held by the ETF. This includes Amazon, Apple, Nestle, Procter & Gamble, Tesla, and Visa.
