3 ASX ETFs to buy in 2024 and hold for 10 years

Which ASX ETFs could be top buy and hold options from 2024?

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One of the best ways to grow your wealth is arguably to take a long-term approach to investing in high-quality ASX shares. This allows you to benefit from compounding, which is what happens when you earn returns on top of returns.

But if you're not a fan of stock picking, don't worry. That's because exchange-traded funds (ETFs) could be the answer to your investment prayers. They allow you to buy a large number of shares with a click of a button.

But which ASX ETFs could be top buy and hold options from 2024? Let's take a look at three:

BetaShares NASDAQ 100 ETF (ASX: NDQ)

The first option to consider is the BetaShares NASDAQ 100 ETF. This hugely popular option gives you easy access to many of the biggest companies in the world. Among its 100 holdings are tech giant Apple and electric vehicle producer Tesla. Given the positive outlook for the companies included in the fund, the ETF appears well-positioned to continue its market-beating ways long into the future.

Betashares Global Quality Leaders ETF (ASX: QLTY)

Another ASX ETF that could be a good buy and hold option is the Betashares Global Quality Leaders ETF, which was recently recommended by Betashares' chief economist, David Bassanese. It gives investors exposure to a portfolio of approximately 150 global companies that rank highly on four key quality metrics. Companies that make the cut include giants such as AlphabetMicrosoft, and Visa.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

The king of buy and hold investing is arguably Warren Buffett. When the Oracle of Omaha invests in a company, he could hold onto it for decades if it has a wide moat (sustainable competitive advantage). And given his success since the 1960s, it's hard to argue against this approach. The good news is that you can replicate Buffett's investment style with a simple click of the button with the VanEck Vectors Morningstar Wide Moat ETF. This popular ASX ETF has been designed to provide investors with access to a portfolio of approximately 40 high-quality shares that have sustainable competitive advantages and fair valuations.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Apple, BetaShares Nasdaq 100 ETF, Microsoft, Tesla, and Visa. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Alphabet, Apple, and VanEck Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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