If you're a fan of buy and hold investing then you're in luck because I believe there are a large number of quality long-term investment options on the Australian share market right now.
Three top buy and hold investments that I would make today are listed below:
Afterpay Touch Group Ltd (ASX: APT)
I think that this fast-growing payments company could be a great buy and hold investment. Afterpay Touch's buy now, pay later platform has been a major hit with consumers and retailers in Australia and appears to be on its way to replicating this success in the massive U.S. market. The company recently advised that its U.S. business processed $260 million of underlying sales in the first half of FY 2019, with annualised underlying sales in December in excess of $500 million. If the company can build on this and succeed in the UK market as well, then I believe there's a strong probability that its shares will generate above-average returns for shareholders over the next decade.
CSL Limited (ASX: CSL)
Another quality buy and hold option could be CSL. This global biotherapeutics giant has been one of the most consistent performers on the Australian share market over the last decade. During this time the company achieved average earnings growth of 13.3% per annum and an average total shareholder return of ~20% per annum. Due to its strong core business, expanding plasma collection network, and lucrative pipeline of products under development, I believe it is well positioned to continue being a market beater over the next decade.
Nanosonics Ltd (ASX: NAN)
Nanosonics is the infection control specialist behind the trophon EPR product. This product provides high-level disinfection of ultrasound probes and offers Nanosonics two revenue streams. One is from the sale or lease of the product and the other is from the high margin consumables that the product requires. During the last financial year the company grew its installed base by 25% to 17,740 units. The increase in its installed base resulted in revenue associated with consumables and services rising by 25% to $35.2 million. Due to the quality of the product and its sizeable market opportunity, I expect more of the same over the coming years. This should also be supported by the introduction of a range of new products over time, with management targeting the first release by the end of FY 2020.
