One of the best ways to grow your wealth is to invest for a long period. This allows your investments to compound, which accelerates the wealth creation process.
The good news is that if you are not a fan of stock-picking, then you don't have to give up your investment dreams.
That's because there are ASX exchange-traded funds (ETFs) out there that are designed to make your life easier.
For example, the four ASX ETFs listed below allow investors to buy large groups of high-quality shares with a single click of the button. This removes the need to pick stocks and can help you build a diversified portfolio with minimal effort.
Let's take a look at why these ASX ETFs could be great buy-and-hold options for investors:
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BetaShares NASDAQ 100 ETF (ASX: NDQ)
The first ASX ETF to consider as a long term investment is the BetaShares NASDAQ 100 ETF. It would arguably be remiss to exclude this high-quality ETF from any list of buy-and-hold options. That's because it is home to 100 of the largest non-financial shares on the famous NASDAQ index. This is where you'll find all the big tech giants that offer products and services that we use every day. If the market is heading higher over the next decade and beyond, these companies are likely to be the ones doing the heavy lifting.
iShares S&P 500 ETF (ASX: IVV)
If you want exposure to the companies in the Nasdaq 100 ETF but also a little more diversity, then you could consider buying the iShares S&P 500 ETF. This fund gives investors access to 500 of the largest listed companies on Wall Street. This means that you will be buying companies from a range of different industries and sectors. This includes giants such as Apple, Exxon Mobil Corp, Microsoft, Nvidia, and Walmart.
Betashares Global Quality Leaders ETF (ASX: QLTY)
Another ASX ETF to buy and hold could be Betashares Global Quality Leaders ETF. As its name implies, it has a focus on investing in the highest quality companies in the world and was recommended by Betashares' chief economist. There are in the region of 150 companies included in the fund that rank highly on four key metrics: return on equity, debt-to-capital, cash flow generation, and earnings stability.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ASX ETF that could be a great buy and hold option is the Vanguard MSCI Index International Shares ETF. It is invested in approximately 1,500 of the world's largest listed companies outside Australia. This could make it a great option if you are overly concentrated on just ASX shares and want to diversify your portfolio geographically. Among its holdings are Novartis, Shell, Toyota, Nestle, and ASML Holdings.
