If you're looking to make some long term investments in the share market, then I think the three ASX shares listed below would be top options.
Here's why I think they would be great shares to buy and hold:
a2 Milk Company Ltd (ASX: A2M)
I think this fresh milk and infant formula company's shares could generate strong returns for investors over the next decade. This is thanks to the strong demand for its products in China and its relatively modest market share in the lucrative market. In addition to this, its strong pricing power, expansion opportunities for its fresh milk segment, and potential acquisitions should be supportive of its growth in the future. Overall, I think this makes it a great buy and hold option.
Cochlear Limited (ASX: COH)
Another top share to consider buying and holding is Cochlear. I think the leading provider of cochlear implantable devices for the hearing impaired has very strong long-term growth potential. This is due largely to its leading position in a market with high barriers to entry and positive tailwinds. In respect to the latter, I believe Cochlear will benefit greatly from ageing populations across the globe. After all, with hearing tending to fade as you age, a growing number of over 65s globally can only be a good thing for the company.
Kogan.com Ltd (ASX: KGN)
Kogan is a rapidly growing ecommerce company and Australia's answer to Amazon. It has been a big winner from the shift to online shopping during the pandemic. And while this has resulted in its share price zooming materially higher, I would still be a buyer with a long term view. I expect more and more shopping to be made online over the next decade, which bodes well for Kogan given the increasing popularity of its website. Combined with potential value accretive acquisitions following its equity raising, I believe the future is very bright for this one.
