Search ASX code:
Generic filters

Search ASX code:
Generic filters

Search ASX code:
Generic filters

Search ASX code:
Generic filters

2 ASX shares I’d buy and hold for a decade

I am always on the lookout for ASX shares that I can buy and hold for a decade.

Investments that are given a long time to work out probably have the best chance of succeeding.

I believe that these two ASX shares fit that long-term characteristic:

Washington H. Soul Pattinson and Co Ltd (ASX: SOL)

WHSP is an investment house that has been a listed business for over 100 years.

The difficulty for me to commit to a decade of holding most businesses is that it’s hard to know how that industry is going to evolve and how that business will perform within the industry.

Who knows how banking, telecommunications or healthcare is going to change?

But WHSP has a very useful structure because it can adapt its portfolio over time. It can invest wherever and whenever it wants to.

Currently, the biggest ASX share investment positions are in TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW) and New Hope Corporation Limited (ASX: NHC).

But it has dozens of smaller positions in unlisted businesses (like Ampcontrol, agriculture and resources), small cap ASX shares and blue chip ASX shares.

With the recent Milton acquisition, the WHSP portfolio could change quite a bit in the shorter-term with much more financial firepower.

But it’s that ability to shift the portfolio to new opportunities that convinces me WHSP can be an ultra-long-term investment.

The growing dividend is also a very handy bonus.

Wesfarmers Ltd (ASX: WES)

Wesfarmers is another ASX share that fits the conglomerate model.

It has an impressive array of retailers in its portfolio including Bunnings, Officeworks, Kmart and Catch.

But it’s the newer industries the ASX share has invested into, and old ones it has divested, that shows Wesfarmers can be in whatever industry it wants to be in.

For example, in recent years it has sold out of coal mines and divested a large part of Coles Group Ltd (ASX: COL).

Looking at the acquisitions, it is expanding into lithium mining with Mt Holland and seems on track to acquire Australian Pharmaceutical Industries Ltd (ASX: API) which will form the start of a new health, beauty and wellness division.

I like all of the above moves for the long-term growth of the business.

Wesfarmers is an attractive business to me, it also has an attractive record of paying good dividends to shareholders.

Summary thoughts

Neither of these ASX shares are cheap at today’s prices. But I think they are quality enough to warrant owning a piece of today and accumulating more at better prices. That doesn’t necessarily mean cheaper than today’s price, just that the underlying value of the business rises quicker than the share price from here.

Are you stuck wondering where to invest right now? Have you got cash 'sitting on the sidelines'? Are you looking for dividend income AND growth but don't know where to start? Rask's expert ASX analyst team has just released a full report, detailing where we'd invest $10,000 right now.

Not only are we offering these 11 investment ideas completely FREE, we've also released an in-depth podcast to go with the report!

So, whether you have $2,000 or $50,000, our brand new analyst report could help transform your watchlist. Right now, you can get the full analyst report emailed to you for FREE by CLICKING HERE NOW or simply entering your email below.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Are you stuck wondering where to invest right now? Have you got cash 'sitting on the sidelines'? Are you looking for dividend income AND growth but don't know where to start? Rask's expert ASX analyst team has just released a full report, detailing where we'd invest $10,000 right now.

Not only are we offering these 11 investment ideas completely FREE, we've also released an in-depth podcast to go with the report!

So, whether you have $2,000 or $50,000, our brand new analyst report could help transform your watchlist. Right now, you can get the full analyst report emailed to you for FREE by CLICKING HERE NOW.

At the time of publishing, Jaz owns shares of WHSP.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

LIVE ASX Chat - Join in!

Play Video

Keep reading:

Rask Analyst’s $10,000 Hypothetical Portfolio 

Rask Australia’s expert analysts have just released 11 stock & ETF positions they’d buy right now as part of a $10,000 hypothetical portfolio. 

Completely free, this report comes with the exact ticker codes, how much the analysts would invest and a detailed over the company and why we like it. Plus a 60-min podcast! 

Simply enter your email address and we’ll send you the report.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.