One of the best ways to grow your wealth is to invest for a long period of time. This allows your investments to compound, which helps accelerates the wealth creation process.
If you are not a fan of stock-picking, don't worry you don't have to give up your investment dreams.
That's because there are ASX exchange-traded funds (ETFs) out there to make your life easier.
For example, the three ASX ETFs listed below allow investors to buy large groups of high-quality shares with a single click of the button. This removes the need to pick stocks and can help you build a diversified portfolio with little effort.
Let's take a look at why these ASX ETFs could be great long-term buy and hold options for investors:
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BetaShares NASDAQ 100 ETF (ASX: NDQ)
The first ASX ETF to consider as a long term buy and hold investment is the BetaShares NASDAQ 100 ETF.
It is a high-quality ETF that is home to 100 of the largest (non-financial) stocks on the illustrious NASDAQ index. This is where you'll find all the big tech giants that offer products and services that we use every day.
I think it is fair to say that if the market is heading higher over the next decade and beyond, these companies will be the ones doing the heavy lifting. Among its holdings are Apple (NASDAQ: AAPL) and Nvidia (NASDAQ: NVDA).
Betashares Global Cash Flow Kings ETF (ASX: CFLO)
Another ASX ETF that could be a great buy and hold option is the Betashares Global Cash Flow Kings ETF.
The fund manager, Betashares, notes that companies that generate high levels of free cash flow have historically outperformed broad global equity benchmarks over the long term. As a result, this could make the Betashares Global Cash Flow Kings ETF a great buy and hold candidate.
It focuses on global companies with strong free cash flow. This includes giants such as Alphabet (NASDAQ: GOOG) and Novo Nordisk (NYSE: NVO). Betashares recommended the ETF as one to buy for 2024. The fund manager highlights that it could serve as a core exposure to global equities or alongside existing low-cost passive global ETFs.
Betashares Global Quality Leaders ETF (ASX: QLTY)
A final ASX ETF to consider as a long-term buy and hold investment is the Betashares Global Quality Leaders ETF.
It has a focus on investing in the highest quality companies in the world and was recently recommended by Betashares' chief economist.
There are approximately 150 companies included in the fund that rank highly on four key metrics: return on equity, debt-to-capital, cash flow generation, and earnings stability. This includes holdings such as Meta Platforms Inc (NASDAQ: META) and Visa (NYSE: V).
