One of the best ways to grow your wealth is by making long-term investments. This allows you to take full advantage of the power of compounding.
But if you're not sure which shares to buy, don't let that put you off. That's because you can invest in large and diverse groups of shares by using exchange-traded funds (ETFs).
But which ones could be buys next week? Let's take a look at two:
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BetaShares NASDAQ 100 ETF (ASX: NDQ)
The BetaShares NASDAQ 100 ETF could be a great option for investors. Especially after recent weakness put the index it tracks into correction zone. This means investors can now pick up this ETF at a decent discount to what it was going for just a couple of weeks ago.
And it certainly is worth considering as a long-term option given the quality of the companies held by the fund. If you buy the BetaShares NASDAQ 100 ETF you will be getting access to the 100 largest (non-financial) stocks listed on the famous NASDAQ exchange on Wall Street. This includes tech giants such as Alphabet, Amazon, Apple, Microsoft, and Nvidia.
Betashares Global Quality Leaders ETF (ASX: QLTY)
Another ASX ETF for investors to consider as a buy and hold option is the Betashares Global Quality Leaders ETF.
It comes highly recommended by Betashares' chief economist, David Bassanese, and it isn't hard to see why.
The Betashares Global Quality Leaders ETF gives investors easy access to a portfolio of approximately 150 global companies (outside Australia) that rank highly on four key metrics. These metrics are return on equity, debt-to-capital, cash flow generation, and earnings stability.
At present, the fund includes global giants such as Alphabet, Microsoft, Novo Nordisk, and Visa.
