If you're looking for an easy way to invest your money for the long term, then it could be worth looking at the exchange traded funds (ETFs) in this article.
Here's why they could be quality long-term options for investors this month:
The first ASX ETF that could be a good long term option is the Betashares Energy Transition Metals ETF. It gives investors easy access to global producers of copper, lithium, nickel, cobalt, graphite, manganese, silver, and rare earth elements. These are all metals that will be pivotal to the decarbonisation of the planet. Analysts at Betashares named it on the fund manager's list of 12 ASX ETFs ideas for 2024. They note that "both electric cars and clean energy use notably more metals than their conventional counterparts, and many of these minerals have highly concentrated and insecure supply chains."
Another ASX ETF that could be a great long term option is the BetaShares Global Cybersecurity ETF. It provides investors with access to the leading players in the cybersecurity sector. This is a big market to be in. Betashares highlights that "an estimate of the total addressable market by McKinsey suggests that the cybersecurity market is $1.5-$2.0 trillion globally, and at best only 10% penetrated with a very long runway for growth." This gives the companies included in the fund a significant growth opportunity over the next decade.
If you are looking for long term options, then it is hard to ignore the extremely popular BetaShares NASDAQ 100 ETF. It isn't hard to see why so many investors buy this ETF. That's because it gives investors access to 100 of the largest non-financial shares on the famous NASDAQ index. These are the giants of our age. They provide ours phones, electric vehicles, social media sites, streaming services, spreadsheets, online stores, search engines, and graphics cards we use daily.
A fourth ASX ETF that could be a top option for investors is the iShares S&P 500 ETF. This fund give you access to 500 of the top listed companies on Wall Street. This means that you will be investing in a diverse group of shares, including countless household names, from a range of different sectors. This includes the majority of the companies included in the NASDAQ 100 ETF.
The post 4 of the best ASX ETFs to buy and hold for a decade appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Global Cybersecurity ETF, BetaShares Nasdaq 100 ETF, and iShares S&P 500 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF and BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended iShares S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2024