When it comes to buy and hold investment options, I believe that Australian investors are a lucky bunch.
With a number of quality companies having strong long-term growth potential, I believe investors are spoilt for choice.
Two shares which I think are among the best buy and hold options on the Australian share market are listed below. Here's why I like them:
InvoCare Limited (ASX: IVC)
Although its shares have just reached an all-time high, I still think that Australia's largest funeral services provider would be a great buy and hold investment option.
Due to its market-leading position, strong brands, and the expected increase in the death rate over the next two decades, I feel InvoCare is in a strong position to grow its earnings and dividend at a solid rate for the foreseeable future.
Ramsay Health Care Limited (ASX: RHC)
Thanks to a post-earnings decline in its share price, I believe this leading private hospital operator is trading at a great price for investors willing to make a buy and hold investment.
As well as strong organic growth as a result of increased demand for healthcare services from ageing populations and chronic disease burden, I think Ramsay has the opportunity to grow its bottom line through acquisitions and expansions.
