2 ASX stocks to buy and hold for the long run

I think these two stocks are long-term winners.

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Unless you have a love of trading stocks and getting in and out of positions, chances are you're on the lookout for ASX shares that you can conceivably buy, invest in (as opposed to trade) and hold forever. After all, we'd all like to invest in a company that just keeps on winning and delivering healthy returns to its investors over many years.

Buying a company at the right price is hard work in of itself. So why deliberately add the stress of deciding when the right time to sell it is as well?

But of course, just saying you want to find ASX shares to buy and hold forever is the easy part. Actually finding the right ones is where things get tricky.

So today, let's discuss a pair of ASX stocks that I think make great candidates for shares that we can buy and hold for the long run.

2 ASX stocks to buy and hold forever

Lottery Corp Ltd (ASX: TLC)

First up is Lottery Corp. This ASX stock basically does what it says on the tin: providing lottery and other gaming services (including Keno) across the country. If there's one thing we can say that humans have tended to love throughout most of our history, it's gambling. I don't see this changing anytime soon, making this a great candidate for a buy-and-hold stock.

Anyone who does gamble in Australia via lotteries, Keno or scratchies, is doing so through Lottery Corp. This company has licenses to exclusively offer these services in most states and territories, with licenses that span decades. Adding all this together, we have, in my view anyway, a company that makes for a fantastic long-term investment.

Transurban Group (ASX: TCL)

Next up, we have ASX 200 toll road stock Transurban. Few stocks on the ASX can match Transurban's grip on their respective market (Lottery Corp is one of the lucky few). This company owns almost every major toll road in the country, including a dozen in Sydney alone.

These toll roads tend to be vital arterial routes that are difficult to avoid, at least without adding substantial time to a trip.

Car journeys are typically inevitable occurrences in life, with traffic volumes being remarkably stable year after year (with the obvious exception of the COVID-19 pandemic). What's more, this company benefits from generous tolling agreements with governments. These often enable Transurban to raise its tolls regularly by at least the rate of inflation (and often by more).

With Australia's population growth set to continue well into the future, Transurban looks like a great buy-and-hold ASX stock from where I'm standing.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Lottery and Transurban Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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