I believe that one of the best ways to grow your wealth is to take a long-term approach to investing in the share market.
That's because by making buy and hold investments, you can benefit from compounding. This is what happens when you generate returns on top of returns.
But if you're not a fan of stock picking, then I wouldn't let that stop you from investing. Especially when you have exchange-traded funds (ETFs) to make life easier.
They allow you to buy a large number of them in one fell swoop, removing the need to find individual stocks to buy.
But which ASX ETFs could be good buy and hold options for investors? Let's take a look at three candidates:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
If you want to invest in many of the best companies in the world, then the BetaShares NASDAQ 100 ETF could be the way to do it. It is home to the 100 largest (non-financial) shares on the famous NASDAQ index. This is where you'll find all the big tech giants such as Apple, Amazon, and Tesla.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
If you're a fan of Warren Buffett and want to invest like he does, then the VanEck Vectors Morningstar Wide Moat ETF could be the one for you. This popular ASX ETF has been designed to provide investors with access to a portfolio of ~40 high-quality shares that have sustainable competitive advantages and fair valuations. These are the qualities that Buffett looks for when making investments.
Vanguard All-World ex-U.S. Shares Index ETF (ASX: VEU)
Finally, the Vanguard All-World ex-U.S. Shares Index ETF could be another quality buy and hold option. It offers investors easy access to a massive ~3,500 companies listed in developed and emerging markets across the globe (excluding the United States). Among the ETF's holdings are HSBC Holdings, LVMH Moet Hennessy Louis Vuitton, Samsung, and Taiwan Semiconductor.
