I'm a big fan of buy and hold investing and believe it is the best way to build your wealth. This is because the longer you invest, the more you can benefit from compounding.
One easy way to invest in this way is with exchange-traded funds (ETFs).
ETFs provide investors with access to a large number of shares through a single investment. This can help you maintain a diverse portfolio and reduces the risk of you making a large loss on a particular investment.
But which ASX ETFs could be top long-term options? Listed below are three high-quality ASX ETFs that could be worth considering:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ASX ETF for investors to consider buying and holding is the BetaShares Global Cybersecurity ETF. It allows investors to invest in the biggest and best companies in the growing cybersecurity sector. This means you'll be buying companies such as Accenture, Cisco, Cloudflare, Crowdstrike, and Palo Alto Networks. With the threat of cyberattacks growing globally and more infrastructure moving to the cloud, these companies appear well-placed to benefit from increasing demand for their services.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
Another ASX ETF that could be a great buy and hold option is the BetaShares NASDAQ 100 ETF. This hugely popular ETF allows investors to buy many of the highest-quality companies in the world in one fell swoop. The BetaShares NASDAQ 100 ETF is home to the 100 largest non-financial shares on the famous NASDAQ exchange. This includes the likes of Amazon, Apple, Google parent Alphabet, Meta, Microsoft, Netflix, Nvidia, and Tesla.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
Finally, another ASX ETF that could be a top buy and hold option is the VanEck Vectors Morningstar Wide Moat ETF. This Warren Buffett-inspired ETF gives investors access to a group of companies that have durable competitive advantages or moats. These are something that the Oracle of Omaha looks for when choosing investments. And given Buffett's long-term investment track record, this investment strategy appears to work wonders.
