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"Price is what you pay. Value is what you get."
— Warren Buffett
Published
Buying and holding ASX shares for the long term gives your investment time to generate more growth.
In fact, while short-term market volatility can cause short-term losses or gains, if you push your investment horizon out to 10 years or more, the chance of a positive return is much higher. And during that time, you're also benefitting from compounding.
But I wouldn't hold just any old ASX share for the long term. I want a good quality stock that I'm confident can stand the test of time.
Macquarie Group Ltd (ASX: MQG) is one ASX share I'd happily hold for 10 years.
Let me explain a few reasons why.
Image source: Getty Images
It's incredibly diversified
At the time of writing, Macquarie is Australia's fifth-largest bank by market capitalisation, and the seventh largest stock listed on the S&P/ASX 200 Index (ASX: XJO).
But Macquarie is more than just an ASX bank share. It is a global investment bank and asset manager which provides services across a diverse range of markets.
Aside from banking, Macquarie Group also operates across asset management, commodities and financial markets, advisory, investment, and fund management services across 34 markets globally.
Its four main operating groups are Macquarie Asset Management (MAM), Commodities and Global Markets (CGM), Macquarie Banking and Financial Services (BFS), and Macquarie Capital.
MAM manages pools of global capital and generates recurring base management fees.
Its CGM business provides B2B (business-to-business) clients capital and financing, risk management, market access, and physical execution and logistics solutions.
Macquarie's BFS group is the division that serves everyday Australian consumers, smaller businesses, and wealth management professionals.
And then its Macquarie Capital business handles mergers and acquisitions (M&As) and provides advisory, capital raising, and investment banking services.
Not only is the business diverse in its operational structure, Macquarie's sprawling global exposure means it isn't overly reliant on any one single country or economic environment.
As part of the bank's first-half FY27 results announcement last week, Macquarie reported that international income accounted for 61% of its total $9.57 billion half-year income.
This strategy means that if any one market or economy cools, its other global exposures can absorb some of the impact. And this is perfect for long-term stability.
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