The simple buy and hold passive investment strategy is one of the most popular investing strategies.
And for good reason. It is a strategy which legendary investor Warren Buffett has used for decades and to great effect. At the last count Buffett was estimated to have amassed a fortune of US$74.1 billion.
With that in mind, here are three shares which I think would be great buy and hold investment options today:
The BWX Ltd (ASX: BWX) share price may no longer be in bargain territory after an impressive 31% year-to-date gain, but I still believe the company behind the Sukin skincare range would be a great buy and hold investment. After conquering the local market the company has taken Sukin overseas to the UK, China, and Canada. I believe these markets have the potential to provide BWX with significant long-term earnings growth.
The Challenger Ltd (ASX: CGF) share price has also risen sharply this year. Whilst this does leave its shares trading at a higher-than-normal 20x trailing earnings, I believe the strong tailwinds the company is experiencing will allow it to deliver earnings growth to justify this premium. As Australia's population ages, I expect demand for its annuities will continue to rise.
The Ramsay Health Care Limited (ASX: RHC) share price is mostly flat compared to this time last year. I think this could make it an opportune time to invest in the private hospital operator, especially with the tailwinds it is experiencing. Like Challenger, I expect Ramsay Health Care to be a big winner from Australia's ageing population. I believe this increasing demand for its services due to ageing populations should allow it to deliver above-average earnings growth for at least the next decade.
