Earlier today CSL Limited (ASX: CSL) demonstrated why it is regarded as one of the best buy and hold options on the Australian share market when it upgraded its full-year profit guidance.
But CSL isn't the only share on the market that would be a great buy and hold investment.
Here are three more top shares that I think investors ought to consider buying with a long-term view:
Altium Limited (ASX: ALU)
This software-as-a-service company has been growing at an exceptionally strong rate thanks to the increasing popularity of its printed circuit board (PCB) design software. Due to the tailwinds of the fast-growing Internet of Things (IoT) market, I think Altium will see demand for its award-winning software continue to rise. I expect that this could lead to Altium achieving strong top line growth for many years to come.
Bingo Industries Ltd (ASX: BIN)
This waste management company could be a great buy and hold investment due to its long-term expansion plans. The company predominantly operates within New South Wales at present but plans to expand nationwide over the next decade. I believe this could fuel its growth for many years to come. In addition to this, I like the waste management industry for its defensive qualities, high barriers of entry, and solid long-term prospects due to population growth.
Xero Limited (ASX: XRO)
Xero is an accounting software provider on the rise. I have been very impressed at the way the company continues to grow its market share in the key UK and ANZ markets. While its U.S. expansion has been a touch slower than many had expected, I think investors need to be patient. Due to the quality and stickiness of its product, I remain confident that the company will eventually win a decent share of the lucrative market. But it won't be a sprint, it will be a marathon.
