If you want to make some buy and hold investments to grow your wealth, but don't like stock picking, then don't worry.
The solution could be exchange-traded funds (ETFs), which allow you to buy groups of shares in one go. This means you can diversify a portfolio quickly and reduce your risk.
But which ASX ETFs could be good buy and hold options? Listed below are five that could be worth further investigation:
Betashares Global Uranium ETF (ASX: URNM)
If you believe that nuclear power is the future, then the Betashares Global Uranium ETF could be a good option. It provides exposure to a portfolio of leading companies in the global uranium industry. These companies will be well-placed to benefit over the next decade if the forecast strong demand for the chemical element proves accurate.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
If you want to invest in the best of the best, then the BetaShares NASDAQ 100 ETF could be the one for you. It offers investors access to the 100 largest non-financial companies on the Nasdaq index. These are global behemoths such as Alphabet, Apple, Meta, Microsoft, Nvidia, and Tesla.
ETFS Battery Tech & Lithium ETF (ASX: ACDC)
The ETFS Battery Tech & Lithium ETF could be a great long-term option if you believe that electric vehicles will dominate in the future. It invests in the leading companies in the battery technology and lithium industries. This includes miners, battery producers, and electric vehicle manufacturers.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
If you like the idea of investing in the style of Warren Buffett, then the VanEck Vectors Morningstar Wide Moat ETF could be the way to do it. This ASX ETF focuses on companies that the Oracle of Omaha would normally buy. These are companies with attractive valuations, strong business models, and sustainable competitive advantages.
Vanguard Australian Shares Index ETF (ASX: VAS)
Investors that want to invest locally over the long-term might want to consider buying the Vanguard Australian Shares Index ETF. It is an index-based fund that aims to track the ASX 300 index. This is home to Australia's leading 300 listed companies and includes giants such as BHP Group Ltd (ASX: BHP) and minnows such as Adairs Ltd (ASX: ADH).
