I believe that buy and hold investing is one of the best ways to grow your wealth.
If you can find some quality ASX shares to buy for the long term, you have the potential to grow your wealth materially.
For example, if you were to invest $6,000 each year into the share market and earn a return of 9.6% per annum, you would have a $1 million portfolio in 30 years.
But what if you're not a fan of stock picking? Well, you could consider ASX ETFs. They allow you to invest in large (sometimes extremely large!) groups of shares through a single investment.
With that in mind, listed below are a few ASX ETFs that could be worth considering as buy and hold investments. They are as follows:
iShares S&P 500 ETF (ASX: IVV)
The iShares S&P 500 ETF could be a great long-term option for investors. It provides easy access to 500 of the top listed companies on Wall Street. This means you'll be investing in a diverse group of shares, including countless household names, from a range of different sectors. Among its holdings are the likes of Amazon, Apple, Johnson & Johnson, and Walt Disney.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
If there were a king of buy and hold investing, it would be Warren Buffett. He has had significant success over multiple decades thanks to his focus on buying quality companies for the long term. The good news is that the VanEck Vectors Morningstar Wide Moat ETF allows you to invest in this style by providing investors with access to a group of shares with fair valuations and wide moats.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ASX ETF for buy and hold investors to consider is the Vanguard MSCI Index International Shares ETF. This ETF gives investors access to a massive ~1,500 of the world's largest listed companies through a single investment. As with the iShares S&P 500 ETF, this could make it a great option if you're looking to diversify your portfolio.
