One of the best ways to grow your wealth is arguably to take a long-term approach to investing in the share market.
By making buy and hold investments in quality ASX shares, you can benefit from compounding.
This is when you generate returns on top of returns. The longer you do it, the more you can supercharge your investment portfolio.
But if you're not a fan of stock picking, then don't let that stop you from investing. Especially when you have exchange-traded funds (ETFs) at your disposal.
They remove the need to pick stocks because they allow you to buy a large number of them in one fell swoop.
With that in mind, let's take a look at three ASX ETFs that could be top buy and hold options:
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BetaShares NASDAQ 100 ETF (ASX: NDQ)
If you want to invest in the biggest and best companies in the world, then the BetaShares NASDAQ 100 ETF could be the one for you. It is home to the 100 largest non-financial shares on the famous NASDAQ index. This is where you'll find all the big tech giants that are ubiquitous in our daily lives.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
Want to invest like Warren Buffett? Then the VanEck Vectors Morningstar Wide Moat ETF could be the answer. This popular ASX ETF has been designed to provide investors with access to a portfolio of approximately 40 high-quality shares that have sustainable competitive advantages and fair valuations. These are qualities that the Oracle of Omaha looks for when investing.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
Finally, if you want to invest in many of the best companies from across the globe, then the Vanguard MSCI Index International Shares ETF could be for you. It gives investors access to a massive 1,000+ of the world's largest listed companies. This provides easy exposure to global economic growth.
