If you're not a fan of stock picking but want to make long-term investments, then exchange-traded funds (ETFs) could be the answer.
They allow you to invest in large groups of shares through a single investment.
But which ASX ETFs could be good long-term options for investors? Three to consider are listed below:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
If you want to invest in the best of the best, then it would be hard to argue against the popular BetaShares NASDAQ 100 ETF.
It provides investors with access to the 100 largest non-financial stocks on Wall Street's Nasdaq index. These companies include search engines, phones, social media platforms, streaming services, online shops, electric vehicles, and coffee chains many of us use every day.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
When it comes to buy and hold investing, Warren Buffett is your go-to guy. His simple but effective investment style has been hugely successful over multiple decades.
The good news is that the VanEck Vectors Morningstar Wide Moat ETF allows investors to own the type of companies that Buffett buys. These are high-quality companies with sustainable competitive advantages (moats) and fair valuations.
ETFS Battery Tech & Lithium ETF (ASX: ACDC)
Finally, if you believe that electric vehicles and renewable energy are the future then the ETFS Battery Tech & Lithium ETF could be for you.
This ETF invests in companies throughout the lithium cycle. This includes mining, refinement and battery production, cutting across the traditional sector and geographic definitions. Among its holdings are the likes of Allkem Ltd (ASX: AKE), BYD, Mineral Resources Limited (ASX: MIN), Nissan, Pilbara Minerals Ltd (ASX: PLS), Renault, and Tesla.