Buy and hold investing is arguably one of the best ways to grow your wealth over the long term.
However, as many people find stock picking daunting, they don't take advantage of this opportunity and risk sacrificing their future wealth.
The good news is that it doesn't have to be this way. That's because there are assets called exchange traded funds (ETFs) that simplify the world of investing.
With ETFs, investors can gain exposure to large groups of shares through a single investment. This can provide investors with instant portfolio diversification, while also allowing them to capitalise on long-term market trends and grow their wealth.
But which ASX ETFs could be great buy and hold options? Here are three to hold onto until 2033:
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BetaShares NASDAQ 100 ETF (ASX: NDQ)
The BetaShares NASDAQ 100 ETF could be a great ASX ETF to buy and hold for a decade. It provides investors with access to 100 of the largest non-financial shares on the famous NASDAQ index. This includes the likes of Amazon, Alphabet, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
Over the last decade, the index the BetaShares NASDAQ 100 ETF tracks has generated a return of 22.52% per annum. This would have turned $20,000 into $152,000.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
Another ASX ETF to buy and hold is the VanEck Vectors Morningstar Wide Moat ETF. This ETF allows you to invest like Warren Buffett, by providing you with a diversified portfolio of companies with sustainable competitive advantages and fair valuations. These are qualities the Oracle of Omaha looks for when investing.
The index this ETF tracks has delivered a return of 18.02% per annum over the last 10 years. This would have seen a $20,000 investment turn into almost $105,000.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ASX ETF for investors to consider as a buy and hold option is the Vanguard MSCI Index International Shares ETF. This ETF provides easy access to around 1,500 of the world's largest listed companies. This allows you to take part in the long-term growth potential of international economies.
Over the last 10 years, the index the ETF tracks has generated a 13.08% per annum return. This means a $20,000 investment would now be worth almost $70,000.
