If you're just starting out your investment journey and aren't sure which shares to buy, then you could consider exchange-traded funds (ETFs).
That's because ETFs allow you to own a slice of a large and diverse number of shares through a single investment.
This means that instead of dedicating time to researching the individual shares to buy, you can just buy a collection of them, sit back, and let compounding do its thing.
But which ASX ETFs could be top buy and hold options? Two that are worth considering are listed below:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
One of the most popular ASX ETFs out there is the BetaShares NASDAQ 100 ETF.
There's a very good reason why it features in countless portfolios across the country – it provides investors with access to 100 of the best companies the world has to offer. These are the giants of Wall Street like Apple, Microsoft, and Tesla.
It has a strong focus on technology, so if you're bullish on the long-term potential of this side of the market, then it could be a top option.
Over the last decade, the index it tracks has delivered an average return of 20.76% per annum. This would have turned a $10,000 investment into approximately $66,000.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
When you think of buy and hold investing, Warren Buffett will often come to mind. The Oracle of Omaha is well-known for his preference of making long-term investments in companies with attractive valuations, strong business models, and competitive advantages.
Looking at his track record, it is fair to say that this investment style has served Buffett incredibly well.
With that in mind, if you would like to replicate this you could look at the VanEck Vectors Morningstar Wide Moat ETF.
This ASX ETF is focused on buying the type of companies that you would expect to find in Buffett's portfolio. And its results speak for themselves. Over the last decade, the index the fund tracks has generated an average annual return of 16.32%. This would have turned a $10,000 investment into over $45,000.
